Washington Update: Student Debt, Omnibus, and Regulatory Changes

Dr. Drumm McNaughton interviews CFO Tom Netting of TEN Government Strategies about the Biden administration’s student loan forgiveness plan, the Omnibus Appropriations Bill, delays in upcoming regulations, and the effects that changes in Congress will have on higher education.

• Chief Justice Amy Coney Barrett reviewed and dismissed two of the six filed suits against Biden’s Student Debt Cancellation Plan
• Two other pieces of litigation will receive oral arguments from the Supreme Court by February 28, 2023
• Presidents should encourage all current borrowers to ensure their student aid data is timely and accurate at studentaid.gov
• FSA departments announced that cohort default rates for fiscal year ’19 decreased for all institutions
• The Fiscal Year 2023 Omnibus Appropriations bill gives roughly $79.8 billion to education and includes a $500 increase in the maximum Federal Pell Grant
• The Notice of Proposed Rulemaking (NPRM) is pending publication until April 2023

To read the full show notes, visit https://changinghighered.com/washington-update-student-debt-omnibus-regulatory-changes

Resources

Dr. Drumm McNaughton is a consultant for higher ed institutions. To find out more about his services and read other thought leadership pieces, visit his firm’s website, https://changinghighered.com/.

The Change Leader’sSocial Media Links

• LinkedIn:https://www.linkedin.com/in/drdrumm/
• Twitter: @thechangeldr
• Email:[email protected]

#WashingtonUpdate #HigherEducation #HigherEdNews