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U.S. Department of Education - Wind-down of the Federal Perkins Loan Program

Dear Colleague Letter:  The U.S. Department of Education provided additional ifnormation on the wind-down of the Federal Perkins Loan Program.   This letter provided important information related to the:

(1) Expiration of the authority to make new Federal Perkins Loans

(2) Distribution of the assets of institutions' Federal Perkins Loan Revolving Fund

(3) Assignment of Perkins Loans to the U.S. Department of Education (the Department).  Read the letter

2018 COHEAO Annual Conference

Once again ConServe will be attending COHEAO's Annual Conference, January 28 - January 31. 

This conference is for financial services administrators on campus and their vendor partners.  Register today

About COHEAO

Since 1981, COHEAO has served as a partnership of colleges,universities, and organizations dedicated to promoting student friendly, efficiently operated campus-based loan and tuition payment programs. COHEAO members are dedicated to the preservation and improvement of the Federal Perkins Loan and HHS Loan Programs. COHEAO also advocates for the sound regulation of student financial services operations and campus accounts-receivable management practices.  To learn more about COHEAO

U.S. Department of Education - Distribution of FY 2014 Official Cohort Default Rates

Electronic Announcement:  The U.S. Department of Education distributed the FY 2014 official cohort default rates (CDR) notification packages to all eligible domestic and foreign schools only.  Read the announcement

U.S. Department of Education - National Default Rate Briefings for FY 2014 Official Cohort Default Rates

Electronic Announcement:  The U.S. Department of Education has provided the National Default Rate Briefings for FY 2014 Official cohort default rates. Read the announcement

U.S. Department of Education - Federal Student Aid Shares Cyber Security Compliance Information

Electronic Announcement:  Federal Student aid has consolidated its cybersecurity compliance information and resources.  Click here to access the link

U.S. Department of Education - Federal Perkins Loan Default Reduction Assistance Program (DRAP)

Electronic Announcement:  The U.S. Department of Education shares information about the Default Reduction Assistance Program (DRAP).  This program assists schools in contacting defaulted Federal Perkins Loan borrowers before their accounts are sent to collection agencies.  Read the announcement

U.S. Department of Education - Guidance for helping Title IV participants affected by major disaster

Dear Colleague Letter:  The U.S. Department of Education has provided a letter updating information regarding the impact of a "major disaster" on the administation of the Title IV student assistance programs.  Read the announcement

U.S. Department of Education - Guidance related to Title IV participants affected by Hurricane Harvey

Electronic Announcement:  The U.S. Department of Education has provided guidance to Title IV participants affected by Hurricane Harvey.  Read the announcement

Federal Deposit Insurance Corporation (FDIC) - Natural Disaster Impact on Banking Operations

FDIC Disaster Responsiveness Site:  General preparedness information and state specific information for state and federal banking agencies and other organizations may be obtained through FDIC.  Click here to learn more

For an update on Hurricane Harvey, please click here.  For support with Frequently Asked Questions for Bank Customers in Areas Affected by Hurricane Harvey, please click here to learn more.

U.S. Department of Education - 2017-2018 Federal Student Aid Handbook

Electronic Announcement:  The U.S. Department of Education has made available Volume 6 - The Campus-Based Programs of the 2017-2018 Federal Student Aid Handbook.   Click here to access the 2017-2018 Federal Student Aid Handbook

U.S. Department of Education - Notification of Campus-Based Funding for the 2017-2018 Award Year

Electronic Announcement:  The U.S. Department of Education has posted a report that notifies the community of the approved awards for campus-based programs for the 2017-2018 Award Year.   Click here to access the notification

COHEAO: Support the Perkins Loan Program

COHEAO shares three easy ways to Support Perkins Now.  Click here to vist the COHEAO Advocacy Page and Read more about how you can support the Perkins Loan Program

CFPB Releases Spring 2017 Rulemaking Agenda

Kelly Cochran, Assistant Director for Regulations at the CFPB posted a blog titled:  Spring 2017 rulemaking agenda.  This blog provides guidelines on new timelines for the Notice of Proposed Rulemeaking (NPRM) for debt collection.  Read the blog

InsideARM: Changes to West Virginia Debt Collection Laws

Tim Bauer, President insideARM shares changes to West Virginia Debt Collection Laws that are now in effect.
Read the article

U.S. Department of Education - Orange Book as of June 30, 2016

Electronic Announcement:  The U.S. Department of Education has posted the Federal Perkins Loan Program Status of Default as of June 30, 2016, known as the Orange Book. "The Orange Book as of June 30, 2016". Read the announcement

InsideARM: "CFPB To Intertwine "Right Consumer, Right Amount" Creditor and Debt Collector Rules"

InsideARM shared that the CFPB Director Richard Cordray announced that the Bureau will be separating the "right consumer, right amount" aspect of its debt collection rulemaking in order to ensure that complexities are properly addressed by intertwining rules for both creditors and their clients.  Read the announcement 

COHEAO Sparks: COHEAO Writes House in Support of Perkins Loan Extension Act; Hearing Summary

COHEAO writes all members of the House of Representatives encouraging them to co-sponsor the Perkins Loan Extension Act, H.R. 2482.
Click here to vist the COHEAO "Spark Notes"

COHEAO Sparks: Conduent (formerly Xerox/ACS) Exits the Campus Loan Servicing Market

COHEAO Shares Conduent's Decision to Exit the Campus Loan Servicing Market.  Click here to vist the COHEAO "Spark Notes"

ConServe is proud to be a member of COHEAO.  Join COHEAO today and receive timely information regarding legislative activities, regulatory updates, general industry news and networking opportunities with members and other who share the common goal of increassing access to post secondary education through student financial services.  Learn how you can become a COHEAO member today.

NCUA - Releases Q1 2017 Credit Union System Performance Data

National Credit Union Administration (NCUA) releases data on the financial performance of federally insured credit unions in the quarter ending March 31, 2017. "Q1 2017 Credit UnionSystem Performance Data"

U.S. Department of Education - 2017 Program Review Guide for Institutions

Electronic Announcement:  The U.S. Department of Education has announced the availability of the 2017 Program Review Guide for Institutions. Read the announcement

U.S. Department of Education - 2017-2018 Federal School Code List of Participating Schools

The U.S. Department of Education shared the updated 2017-2018 Federal School Code (FSC) List of Participating Schools on the Information for Financial Aid Professionals (IFAP) website.
Read the announcement

U.S. Department of Education - Guidance on the Use of Financial Aid Information for Program Evaluation and Research

The Department of Education's Privacy Technical Assistance Center (PTAC) has published a guide for the use of student financial aid information for program evaluation and reserach.  More PTAC information is available at http://ptac.ed.gov.  Read the announcement

U.S. Department of Education - Verification - IRS Documentation Requests, Uses, and Messaging

Federal Student Aid released an Electronic Announcement that shows the method by which a taxfiler can request and receive verification documents from the IRS.  Read the announcement

U.S. Department of Education - Federal Pell Grant Reconciliation Program

The U.S. Department of Education shared specific information to assist schools in reconciling the Federal Pell Grant (Pell Grant) Program.  It was recommended that both the Financial Aid Office and the Business Office review the information provided in this announcement.  Read the announcement

U.S. Department of Education - Loan Servicing Information

The U.S. Department of Education shared general information with the financial aid community about reporting student loan interest payments for 2016.  Read the announcement

U.S. Department of Education - Volume 1 - Student Eligibility

The U.S. Department of Education announces the availability of Volume 1 - Student Eligibility of the 2017-2018 Federal Student Aid Handbook.  Read the announcement

U.S. Department of Education - Title IV Aid Disbursement Reporting, Excess Cash, and Reconciliation Requirements

The U.S. Department of Education reminds schools of the general disbursement reporting, excess cash, and reconciliation requirements for all Title IV programs.  Read the announcement

U.S. Department of Education - Official Cohort Default Rates for Schools

The U.S. Department of Education announces that the FY 2013 national cohort default rate is 11.3 percent.  Federal Student Aid has shared additional information regarding the National Default Rate Briefings for FY 2013 3-Year Official cohort default rates. Read the announcement

ACA International News: California Amends Identity Theft Requirements for Debt Collectors

The California legislature has amended its existing requirements for debt collectors who receive consumer claims of identity theft. Read the announcement

U.S. Department of Education - Perkins Loan Program - Excess Liquid Capital Determination and Timelines

The U.S. Department of Education Federal Student Aid has shared additional information regarding Excess Liquid Capital (ELC) and a timeline. Read the announcement

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