Print Page   |   Contact Us   |   Sign In   |   Register
Guarantee Agency Caucus
Share |

The purpose of NCHER’s Guaranty Agency Caucus is to promote and give active support to all state and nonprofit guaranty agencies that currently have, or have previously had, agreements with the Secretary of Education under section 428(b) and (c) of the Higher Education Act, and provide a forum to facilitate the exchange of information, ideas, policies, and procedures impacting guaranty agencies. The Caucus’ mission is aligned with NCHER’s mission to enhance member organizations’ abilities to help families and students develop, pay for, and attain their educational goals so they can pursue meaningful and rewarding work and become contributing members of society.

Membership 

The Caucus’ membership includes those NCHER members who are in good standing; who are state and nonprofit guaranty agencies designated by the Secretary of Education under section 428(b) and (c) of the Higher Education Act; and/or former guarantors that remain responsible for carrying out certain functions in support of students, borrowers, and families in their state. 

Leadership 

The Caucus is led by a chair who should, when present, preside at all meetings of the membership. The chair is elected by the Caucus’ members for a two-year term. The Caucus may designate a co-chair to assist in carrying out the duties specified in this document. 

Meetings and Communications 

The Caucus holds regular meetings via conference calls and has an active email list-serve for the exchange of information among its membership. The Caucus may hold other meetings at a time and place to be designated by the chair. 

Committees/Working Groups 

The Caucus may, with the concurrence of the membership, create committees or working groups: 1) to assist it in carrying out the duties specified in this document; or 2) that are deemed to be in the best interest of the membership. One such committee could include the Guaranty Agency Chief Financial Officer Committee. 

Charge 

The Caucus:

 

  • Assists NCHER, including its advocacy staff, in identifying items of interest to its membership at the federal level and building consensus on policy positions that can be promoted with Members of Congress and the Administration. Such efforts include, but are not limited to, assisting the NCHER Government Relations Committee in the development of proactive legislative priorities for consideration during the second session of the 114th Congress. It also includes successfully advocating for NCHER’s advocacy priorities before the U.S. House, U.S. Senate, White House, and federal agencies.

  • Assists NCHER, including the NCHER Government Relations Committee, in monitoring and responding, in support or opposition, to provisions included in House and Senate legislation that impacts the membership.

  • Assists NCHER, including its communications staff, in the development of "one-pagers” highlighting the important work that the nation’s guaranty agencies provide to students, borrowers, families, and communities, and proactively highlighting positive stories and quickly responding to complaints raised by student and consumer advocates.

  • Assists NCHER in educating members of the U.S. House and U.S. Senate, including new and returning members, and Administration officials on the important role that guarantors and other sectors of the NCHER membership play in helping families and students develop, pay for, and attain their educational goals so they can pursue meaningful and rewarding work and become contributing members of society.

  • Helps support members’ efforts to provide personalized financial education, debt management, and default prevention services to students and families, and assists institutions in default management, aversion, and prevention.

  • Works with NCHER’s Ombudsman Caucus, College Access and Success Committee, Debt Management and Borrower Support Committee, and Program Regulations and Policy Committee to advocate for priorities that are in the best interests of the respective caucus, committee, and working group memberships.

 Advocacy Priorities

 The Caucus’ current priorities include, but are not limited to: 

  • Developing proposals that support the orderly wind-down/transition of the Federal Family Education Loan Program (FFELP), including eliminating the required Federal Fund reserve ratio and trigger rates for payment of reinsurance during the upcoming reauthorization of the Higher Education Act. Such efforts include, but are not limited to, influencing the Congressionally-mandated report recently included in the Fiscal Year 2016 Consolidated Appropriations Act.

  • Resisting proposals that would interfere with the orderly wind-down/transition by unnecessarily accelerating the consolidation/transfer of FFELP loans into the Direct Loan Program and the assignment of defaulted loans to the Department of Education.

  • Securing funding for personalized financial education, debt management, and default prevention services to students and families, and assisting institutions in default management, aversion, and prevention.

  • Pushing the Federal Communications Commission (FCC) to carry out the provisions included in the Bipartisan Budget Act amending the Telephone Consumer Protection Act (TCPA) to allow for the use of new technologies when contacting delinquent and defaulted borrowers.

  • Monitoring and responding to the regulatory efforts of the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC), including anticipated proposed rules governing debt collection practices for federal student loans.

  • Supporting a robust rehabilitation loan program to assist student and parent borrowers in rehabilitating or consolidating their defaulted federal and private student loans, including allowing defaulted borrowers to rehabilitate their loans more than once should they continue to struggle to repay their student loans.

  • Ensuring that FFELP and Federal Direct Loan borrowers are treated equally in all program- or servicing-related aspects, including the recent administrative changes to the Servicemembers Civil Relief Act (SCRA).

  • Streamlining the myriad of repayment plans available to student and parent borrowers, including creating a single income-based repayment plan for all Stafford and Grad PLUS program borrowers. 
Membership Software Powered by YourMembership  ::  Legal