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today’s news for Thursday, December 8, 2022

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NEWS FROM NASFAA

While many borrowers are still experiencing a reprieve from monthly student loan payments, as the ongoing federal student loan moratorium enters its third year, new data is showing concerning trends in default patterns. The Urban Institute recently released a report that dug into the disproportionate effect student loan debt has on Black borrowers’ credit when compared to their white peers.

On Wednesday Rep. Virginia Foxx (R-N.C.), currently the ranking member of the House Education and Labor Committee, received a waiver from her Republican colleagues that she will need in order to return to her leadership position on the panel during the next congressional session. Because the role of committee chair is a term-limited position, per House Republican rules, the waiver would allow Foxx to pursue leading the education panel for the 118th Congress.

NASFAA UPDATES AND ANNOUNCEMENTS

Updating your policies and procedures manual can be overwhelming. P&P group coaching with Blue Icon can help you develop a plan to manage and maintain your P&Ps that will serve you for many years to come. Registration closes January 6, 2023. Secure your spot today!

In fall 2022, the U.S. Supreme Court heard arguments in two cases involving the use of race in admissions brought forward by Students for Fair Admissions Inc. against Harvard University and the University of North Carolina - Chapel Hill. On Wednesday January 18 at 2 p.m. ET join guest presenters Art Coleman, managing partner and co-founder of EducationCounsel LLC and Chuck Knepfle, vice president for enrollment management at Portland State University, who will explore the potential impacts of those cases on how colleges and universities admit and award financial aid to students. Register now.

U.S. DEPARTMENT OF EDUCATION

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