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This week on "Off The Cuff," Maria is joined by Jill and Sarah to discuss the new cohort default rate (CDR) released by the Department of Education (ED) last week. Jill explains what this CDR means in context to borrowers returning to repayment after the Covid-19 payment pause.
The Department of Education (ED) announced on Wednesday that borrower defense to repayment (BDR) functionality is temporarily unavailable in FSA Partner Connect following its October 4th transition from the Common Origination and Disbursement (COD) system. While schools were expected to begin using FSA Partner Connect in October to respond to BDR notifications, ED identified an issue following the transition and is working to resolve it. Because schools currently cannot access BDR functionality, ED will extend the response deadline previously communicated for specific borrower defense notifications. No action is required until further guidance is provided. Stay tuned to Today’s News for updates.
The Department of Education (ED) on Thursday announced an extension on the 2026 financial value transparency and gainful employment (FVT/GE) reporting deadline for institutions, with a new deadline of Friday, January 15, 2027, after more than 1,000 institutions failed to meet the initial October 1 reporting deadline.
NASFAA's Compiled Title IV Regulations are available as web pages for each of the major parts of the Code of Federal Regulations, Title 34—Education (CFR 34), which together govern the Federal Student Aid programs. We incorporate new regulations for each award year in a format that shows what text will change the following July 1 while retaining the compiled regulations from previous years for reference.
Please join us in congratulating Alexander Skarr, FAAC®, on his new job. Also join us in congratulating Albert Washington on his achievement. Celebrate your own career developments by completing the "Movers and Shakers" form to share the news with your colleagues.
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