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In response to the continuing stories of illegitimate companies taking advantage of and preying on federal student loan borrowers, NCHER has created an easy-to-understand infographic, which offers simple tips that borrowers can use to identify potential scams and avoid them when repaying their federal student loans. The infographic shares four points that will help keep borrowers safe: 1) Notice fake government seals and logos; 2) Never pay for help; 3) Keep your Federal Student Aid ID private; and 4) Fast student loan forgiveness does not exist. The infographic also includes phone numbers and websites for legitimate student loan assistance and urges borrowers to contact the Federal Trade Commission with information about scams. NCHER members are encouraged to share the infographic via social media as well as with employees and customers. For more information, visit the Federal Trade Commission website.
In This Article: NCHER
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Over the past few years, lawmakers in Maine, California, Illinois and elsewhere have worked to pass state laws that would require student loan companies to abide by certain rules as a way to protect borrowers. Now, these companies are asking the federal government to tell states to stop.
In This Article: James Bergeron
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When Betsy DeVos was tapped as U.S. Education Secretary, educators and advocates were terrified the longtime voucher fan would try to "privatize" the nation's schools. But DeVos has now been in office for going on six months, and she's been way more active on higher education than she has on K-12.
In This Article: James Bergeron
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The nation’s largest servicer of federal student loans has lobbied against states’ efforts to license student loan servicers in Maine and elsewhere this year as it seeks to become the nation’s single servicer of student loans under a plan backed by U.S. Education Secretary Betsy DeVos.
In This Article: NCHER
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Summer has arrived in Washington, D.C., and Secretary of Education Betsy DeVos is feeling the heat on loan servicing. On Monday, 150 Democrats in the U.S. House of Representatives and Senate sent a letter expressing their concern over the Education Department’s amendments to a new servicing procurement for federal student loans.
In This Article: NCHER
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Earlier this week, United Student Aid Funds and the U.S. Department of Education filed with the U.S. District Court for the District of Columbia a stipulation of dismissal of the lawsuit that United Student Aid Funds brought challenging Dear Colleague Letter (DCL) 15-14 that the Department issued on July 10, 2015. This action followed the Department’s rescission of the DCL and its interpretation of the Higher Education Act and its implementing regulations. In light of the withdrawal of the DCL and termination of the litigation, and due to the attention these events have garnered, NCHER President James Bergeron issued the following statement today:
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Friday evening, the Federal Communications Commission (FCC) released a Notice of Proposed Rulemaking (NPRM) to implement a provision in the Bipartisan Budget Act of 2015, signed into law by President Obama in November, amending the Telephone Consumer Protection Act (TCPA). While the legislation applies to calls “solely to collect a debt owed to or guaranteed by the United States,” it has special significance in the context of federal student loans because it will allow federal student loan servicers to contact borrowers on their cell phones to counsel them on their best repayment options, remind them of important deadlines to prevent increasing monthly payments, and help distressed borrowers to rehabilitate their loans and their credit reports.
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NCHER Statement on the U.S. Department of Education's Recent Actions on Private Collection Agencies
Friday evening, the Federal Communications Commission (FCC) released a Notice of Proposed Rulemaking (NPRM) to implement a provision in the Bipartisan Budget Act of 2015, signed into law by President Obama in November, amending the Telephone Consumer Protection Act (TCPA).
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Virginia Foxx to Keynote NCHER Legislative Conference
Rep. Virginia Foxx (R-NC), Chair of the House Higher Education and Workforce Training Subcommittee, will serve as keynote speaker at 10:30 am on Tuesday, February 3, during the National Council of Higher Education Resources’ (NCHER) Legislative Conference.
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