NCHER Committee Descriptions
Phillip Cervin, Texas Guaranteed
Carl Perry, Progressive Financial Services, Inc.
The Debt Management Committee (DMC) provides a platform for the exchange of ideas and the promotion of financial literacy and responsible borrowing, as well as the development of strategies to reduce delinquency and default and to increase the recovery of defaulted student loans. The DMC pursues its mission by providing analysis of, and recommendations for, policies and procedures relating to student debt in the Federal and other student loan programs. This committee also helps plan and deliver the annual NCHER Knowledge Symposium.
Standards and Operations
Rinn Harper, Texas Guaranteed
The Standards and Operations Committee fosters an environment for sharing knowledge and experience among committee members to create awareness of timely and sensitive topics for the benefit of the community. The committee monitors and responds to issues that involve and impact loan operations, related federal reporting, and maintenance of NCHER’s electronic standardization efforts. The committee serves as an operations information center and coordinates the development of common and simplified policies and procedures between guaranty agencies, lenders and servicers, secondary markets, and other participants. Committee work concentrates in the following specialized areas: CommonLineSM, Common Account Maintenance (CAM), Common Claim Initiative (CCI), Forms, NSLDS and Enrollment Reporting, and Total and Permanent Disability (TPD).
For 2013-14, the committee intends to also take a more active role in the operational impact of the Consumer Financial Protection Bureau’s (CFPB’s) Debt Collection Examination Procedures, Federal Student Aid’s (FSA’s) Program Reviews and Privacy and Information Security Reviews of Guaranty Agencies, and Enterprise Records Management.
Private Education Loan
Tom Sakos, DeVry, Inc.
The Private Education Loan Committee serves as the hub of a growing network of knowledge for schools, loan providers, servicers and others, and promotes the development of sound public policy with respect to private education loans. The Committee tracks non-federal education lending, including consumer credit products that do not meet the statutory definition of private education loans but still provide funds to pay for higher education (e.g., open-end credit programs, home equity loans, and mortgage loan refinancing). The Committee monitors consumer credit legislative and regulatory activities at both the national and state levels and provides recommended improvements to policy makers.
Chair: Ed Brandt, ACS Education Services
The Regulations Committee is responsible for tracking, commenting and supporting our members regarding activities in the regulatory arena, including the following: support, as needed, during negotiated rulemaking; developing NCHER responses to Notices of Proposed Rulemaking, sub-regulatory positions of the U.S. Department of Education, the annual draft FAFSA, proposed federal forms, and Common Manual proposals; preparing extensive analytical and training materials relating to current and proposed regulations and legislation for dissemination to NCHER members and other interested parties; offering recommendations in response to federal initiatives such as reauthorization of the Higher Education Act and Regulatory Relief; and providing content for the e-library on the NCHER web site. This committee also works closely with the other NCHER committees to plan and coordinate the NCHER Knowledge Symposium as well as with the IBR and Borrower Parity/Servicer Workgroups.