CECU Daily Update Email

​Education News
3 trends impacting major for-profit college operators in 2020
The potential for the November elections to shift the balance of power in the legislative and executive branches makes this year important for operators of for-profit colleges.
 
Arkansas State University explores partnership with Adtalem Global Education to deliver first in-state veterinary medicine school
Arkansas State University announced an agreement to collaborate with Adtalem Global Education (NYSE: ATGE) to explore the feasibility of creating the first in-state veterinary medical school, Chancellor Kelly Damphousse said Friday.
 
Calculating Stress on Colleges – Inside Higher Ed
A new book looks at how the market is affecting colleges’ futures — and where risk is most concentrated. The appendix of a new book contains everything needed to calculate a score gauging the market stress faced by individual colleges and universities across the country.
 
Virginia’s Misguided Attack On Online Education – Forbes
In his most recent proposed budget, Virginia Governor Ralph Northam announced his intention to end a popular college-grant program for students pursuing a degree online.
 
An Expanded Travel Ban, and New Restrictions on China – Inside Higher Ed
The Trump administration extended its travel ban to six additional countries, including the most populous country in Africa, on Friday. The travel restrictions apply to immigrant visas only, not the temporary visas used by students and visiting scholars. 

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​Financial Aid/Student Loan Issues
2020-2021 Federal Pell Grant Payment and Disbursement Schedules – IFAP
Summary: The attachments to this letter contain the 2020-2021 Award Year Federal Pell Grant Program Payment and Disbursement Schedules.
 
Important, But Also Illegal? – Politico
Diane Auer Jones, a top adviser on higher education to DeVos, told a conference of Christian college leaders on Thursday, “Second Chance Pell is an experiment that we think is incredibly important — it’s probably also illegal.”
 
Education Dept. Unveils Fix For Student Loan Program’s ‘Bureaucratic Nightmare’ – NPR
Public servants with student loans were furious, and the U.S. Department of Education heard them. The department revealed Thursday that it will simplify the process for borrowers to apply for an expansion of the troubled Public Service Loan Forgiveness (PSLF) Program. 

​Legal and Regulatory Issues
ITT Tech Directors Get Away With It, But Modany Still Faces Claims – Republic Report
An Indiana federal judge has let the directors of collapsed, disgraced for-profit college ITT Tech off the hook, rejecting claims from the company’s bankruptcy trustee that the board’s failure to fire CEO Kevin Modany breached their fiduciary duties.