“On Tuesday, May 21 at 10:00 a.m., the House Committee on Education and the Workforce, chaired by Rep. John Kline (R-MN), will hold a hearing entitled, ‘Reviewing the President’s Fiscal Year 2014 Budget Proposal for the U.S. Department of Education,’…

A federal unit-record database, a divisive concept that was ultimately banned in 2008, is back on the political horizon. Bills in both the House and Senate include the unit-record database, which would require higher education institutions to collect …

“A clear divide has emerged in the debate over the interest rates on federal student loans. In one camp are House and Senate Republicans, along with President Obama; in the other are the congressional Democrats,” New America Foundation’s Ed Money Watc…

A recent Fidelity Investments survey, which examined the effect of college costs and student debt levels on the choices and future financial outlook of recent college graduates, found 70 percent of 2013 college graduates surveyed were leaving coll…

“At a time when the amount of defaulted federal student loans continues to climb, the Education Department has been forced to pay private debt-collection agencies based on self-reported estimates of their commissions and bonuses, not precise data, due …

Senator Chuck Schumer (D-NY) recently sent a letter to Education Secretary Arne Duncan expressing concern over a provision in the administration’s FY 2014 budget proposal that would reduce payments made to guaranty agencies for successful rehabilitat…

Within the next several days, the Department of Education will publish a Notice in the Federal Register announcing a further delay until July 1, 2014 of the implementation date for 34 CFR 600.9(a) and (b) of the State authorization regulations when a…

This is the first in a series of Electronic Announcements that the Department will publish relating to the changes to the total and permanent disability (TPD) discharge regulations that are effective July 1, 2013.

“Congratulations, 2013 graduates. You did it! Now it’s time to learn something really useful. Having conquered all those classes, now you can move on to mastering the practical skill of managing money,” The Wall Street Journal reports.

The COD Processing Update provides information related to COD System processing and includes the following sections: COD News and Updates, Current Issues (with a subsection for All Programs, Direct Loans, and Grants), and Reminders.