Federal Regulations
- The Ensuring Continued Access to Student Loans Act of 2008
- June 19, 2008 - U.S. Department of Education
- Letter to FFEL Lenders from Education Secretary Margaret Spellings
850 KB PDF - May 21, 2008 - The Secretary of Education
- Change to Late Disbursement Regulations, Discontinuation of "Late" Late Disbursement Approval Process Effective July 1, 2008.
- May 20, 2008 - U.S. Department of Education
- Prohibited Inducements Added to Scope of Comprehensive Lender Reviews Required Under 34 CFR 682.41(c)(1) 371 KB PDF
- May 19, 2008 - U.S. Department of Education
Pending Legislation
- New Summary of Key Provisions of the "Higher Education Opportunity Act" Affecting Student
Loans 76 KB PDF - July 31, 2008 - NCHELP
- Conference Report on Higher Education Opportunity Act 886 KB PDF
- Senate and House conferees approve conference report on H.R. 4137, The Higher Education Reauthorization and College Opportunity Act of 2008
- July 30, 2008 - U.S. Senate Committee on Health, Education, Labor, and Pensions
- 7 Years, 1,158 Pages. . .and Almost Done
- The 1,158-page Higher Education Opportunity Act finally poised to become law.
- July 30, 2008 - Inside Higher Ed
- Notice of Proposed Rulemaking: Federal Loan Programs
- July 1, 2008 - U.S. Department of Education
- Comments on 34 CFR Parts 674, 682, and 685 proposed regulations are due on or before August 15, 2008
- Submit comments at Regulations.gov
Policy and Guidance
- Working Paper on Conflict of Interest for Review and Comment 92 KB PDF
- Guidance on institutional policies and practices to identify and address conflicts of interest.
- January 25, 2008 - American Council on Education
- HEA Legislation Includes Hundreds of New Reporting Requirements
- New requirements address such topics as college cost, student loans, file sharing, and textbook pricing.
- January 8, 2008 - American Council on Education
- ED Officials Provide Answers to NASFAA Members' Questions on Loan Program Final Rules (CCRAA)
- January 2008 - NASFAA
- 10 Rules for Avoiding Conflicts of Interest
- October 12, 2007 - The Chronicle of Higher Education
Financial Aid and Lender Practices
- What's Ahead on Student Loans in 2008
- January 3, 2008 - Inside Higher Ed
- Direct Marketing Code of Conduct Poster 55 KB PDF
- Cuomo establishes new code of conduct to prevent false and misleading loan advertising to students.
- December 10, 2007 - NY State AG Andrew M. Cuomo's Office
- OIG Report Questions Education Department's Oversight Ability, Blames Lack of Resources
- December 6, 2007 - NASFAA
- College Loan Code of Conduct 427 KB PDF
- Guidelines for eliminating conflicts of interest in the student loan industry.
Resources for Financial Aid Officers
- Danger Lurks When Shopping for Student Loans
- July 26, 2008 - The New York Times
- The View on the Ground
- NASFA member survey provides real insight to the severity of the student loan crunch.
- July 23, 2008 - Inside Higher Ed
- The Higher Education Bill: The Unnoticed Budget Buster
- July 22, 2008 - The Heritage Foundation
- NY Gov. Paterson Set to Embrace Student Loan Plan
- July 21, 2008 - The New York Times
Disclaimer
This information is presented for informational purposes and with the understanding that the Pennsylvania Higher Education Assistance Agency/American Education Services does not render specific legal or other professional advice to the viewer. Due to the rapidly changing nature of the law, information provided may become outdated. Anyone viewing this material must always research original sources of authority and update this information to ensure accuracy and applicability to matters specifically and/or generally applicable to the viewer. In no event will the Pennsylvania Higher Education Assistance Agency/American Education Services be liable for any damage, whether direct, indirect, or consequential, claimed to result from the use of the material presented.
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