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In a lengthy markup the House Education and Labor Committee advanced their portion of the reconciliation package that would invest roughly $111 billion in funding for programs related to higher education. The 28-22 vote to move the package’s education and labor related provisions was unsurprisingly approved along party lines.
Meet Marvin Smith, FAAC®. Marvin started out his higher education career by pursuing a degree in psychology at Purdue University but once he got to graduate school quickly realized his passions were tied to helping others pursue their postsecondary goals. "I ended up pursuing a master's in college advising. I thought I was maybe going to be an academic advisor or something like that," Marvin said. It was through his master's program at Purdue that Marvin stumbled upon an assistantship in the financial aid office. There he learned about the world of financial aid and its ability to help vulnerable students make their way through higher education.
Yes, and you should make sure everyone on your campus who does or could recommend private education loans to students, or who can enter into preferred lender arrangements with private education loan lenders, is aware of these regulatory requirements. Regulations pertaining to private education loans are a matter of institutional eligibility. If your institution participates in the Title IV programs or receives federal aid, then the requirements relating to private education loans apply, even if the loan recipients are enrolled in programs that are not eligible for Title IV aid. View the full answer to this question to learn more.