Podcasts Education Changing Higher Ed Washington Update: Student Debt, Omnibus, and Regulatory Changes

Washington Update: Student Debt, Omnibus, and Regulatory Changes

Published: Jan. 10, 2023, 6:30 p.m.

Podcast Summary

Dr. Drumm McNaughton interviews CFO Tom Netting of TEN Government Strategies about the Biden administration\u2019s student loan forgiveness plan, the Omnibus Appropriations Bill, delays in upcoming regulations, and the effects that changes in Congress will have on higher education.

Podcast Highlights
  • Chief Justice Amy Coney Barrett reviewed and dismissed two of the six filed suits against Biden\u2019s 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 \u201919 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

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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\u2019s website, https://changinghighered.com/.

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