Episode 140: 'This Too Shall Pass' - More on the Coronavirus and Title IV Disruptions

Episode Correction: In this episode, it was mentioned that institutions do not need to perform a return of Title IV funds calculation if the student leaves or the school closes as a result of COVID-19. However, institutions do still need to perform the calculation, but do not need to return unearned grant or loan funds. Students are not required to return unearned grant funds. Please see the AskRegs Q&A in the Resources section below for further clarification.

This week on “Off The Cuff,” Justin, Megan, Jill, and Allie hop back onto video chat to continue talks about institutions, students, and Title IV aid during the novel coronavirus outbreak. At 8:55, Megan delves into the higher education provisions included in the $2 trillion stimulus package that passed through the Senate and is awaiting a vote from the House and the president’s signature. At 22 minutes in, Jill answers some outstanding COVID-19 questions from members, such as those related to whether it is considered estimated financial aid (EFA) if a school delays a refund of institutional charges until the following academic year. At 31:33, Allie catches the group up on relief for student borrowers from the Department of Education (ED) and steps that institutions are taking to support students impacted by the coronavirus. Plus, the team wants to know: If how we are feeling about COVID-19 can be described as the six stages of grief (denial, anger, bargaining, depression, acceptance, eating?), where are you finding yourself? 

Speakers

Justin Draeger

Megan Coval

Allie Arcese

Jill

Justin Draeger
President & CEO

Megan Coval
Vice President, Policy & Federal Relations

Allie Arcese
Managing Editor

Jill Desjean
Policy Analyst

 

Publication Date: 3/27/2020

View Desktop Version