CECU Daily Update Email

​Opinion
Forget free college. The future of the US workforce depends on a higher education worth paying for
Unfortunately, talent shortages have become the top emerging risk organizations face, with large companies struggling to fill technology positions, revealed a recent Gartner survey. Approximately 918,000 unfilled IT jobs were listed in the U.S. over the last three months alone, as tech job postings continue to rise. By 2030 the global demand for skilled workers will exceed supply by more than 85.2 million workers. This translates to $1.748 trillion in lost revenue for U.S. companies, or roughly 6% of the economy, according to global organizational consulting firm Korn Ferry.

Education Politics and Policy
Merkley, Durbin, Krishnamoorthi Introduce Bill to Protect Students From Worthless Degrees – YubaNet.com
This legislation would close a loophole that allows for-profit colleges to take federal financial aid dollars for students to attend or enroll in unaccredited degree programs that often leave students deep in debt and unable to work in their chosen field. 

​Legal and Regulatory Issues
Institutions Subject to Adverse Actions Have Opportunity to Change Accreditors Under the Department’s New Rule – Powers Pyles Sutter & Verville PC
Under the Department of Education’s new rule, institutions that are at risk of having their accreditation withdrawn and believe that the agency has violated due process may get a second chance. The new rule allows schools that are subject to adverse actions to chance accreditors.
 
Continuing Our Regulatory Odyssey: Final Accreditation Regulations – WCET Frontiers
Today, though, we are going to examine the final accreditation regulations with an eye towards what has changed and how they might impact your institution—specifically the regional scope of accreditation, the approval of new accreditors, changes to reviewer qualifications, faculty credentialing, and substantive change requirements.
 
What’s Next on The Education Department’s Regulatory Agenda – Politico
The department is planning to draft new federal rules in the coming months to carry out President Donald Trump’s executive order on campus free speech, according to the agency’s latest rulemaking agenda released Wednesday.
 
Globe U files for bankruptcy as students seek refunds – Twin Cities Pioneer Press
The now-defunct Globe University and the Minnesota School of Business filed for federal bankruptcy protection Thursday, just two weeks after the state Supreme Court ruled more than a thousand defrauded former students could get tuition refunds. 

​Financial Aid and Student Loans Issues
Trump pledge to forgive disabled veterans’ student loans delayed — at Education Department – Politico
The Trump administration suspended the process of forgiving hundreds of millions of dollars in student loans owed by veterans with severe disabilities, despite a pledge by President Donald Trump in August that the debts would be easily erased.
 
Informed Borrowing Confirmation: Modification of Approved Master Promissory Note Confirmation Processes – Operational Impacts to Schools and Preliminary COD System Information – IFAP
In this announcement, we are informing schools of a change to our approved Master Promissory Note (MPN) confirmation processes. Under Section 432(m)(1)(D)(i) of the Higher Education Act of 1965, as amended, students and parents may receive multiple Direct Loans under a single MPN through a confirmation process that we approve. 

Veterans for Career Education (VCE)
(Video) U.S. Army Veteran Tyson Shreckengost speaks about Veterans' choice and the real impact it could have on him and fellow servicemembers.
 
Click here to watch the interview.
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​Did you Know - CECU Past Webinars
As a member of CECU, you have the opportunity to access all of our past webinars found in the CECU Member Resource Center of our website! Topics range from timely government relations and policy updates to best practices of the marketing and admissions world.
 
Need assistance accessing the materials? Email us at events@career.org to setup your Member Resource Account!

​Education News
Six Caveats When Using The College Scorecard’s New Program Of Study Data – Forbes
Here are six cautions to keep in mind when using the Scorecard, particularly when comparing the value or worth of fields of study at various colleges.
 
Struggling With Perceived Isolation, Many First-Gen College Students Face Mental Health Problems – WGBH
This story is part three of our four-part series, “Stressed And Depressed On Campus.” Read part one here, part two here and part four here. 

​CECU Annual Convention
in conjunction with the FAPSC Annual Conference
June 7-10 | Orlando, FL | www.career.org/convention
 
This year CECU will be partnering with FAPSC, the Florida state association. The CECU Annual Convention and FAPSC Annual Conference have joined forces to maximize the conference experience for all attendees!
 
Important Dates:
Nov 26 - Last day to book 10x20 booths BEFORE registration opens
Dec 2 - Allied Plus Member booth registration opens
Dec 9 - Allied Member booth registration opens
Dec 16 - Booth registration open to the public
Feb 3 - Attendee registration opens
Feb 3 - Call for Sessions opens