CECU Daily Update Email
Legal and Regulatory Issues
Enforcement of Cybersecurity Requirements under the Gramm-Leach-Bliley Act – Federal Student Aid
The Department of Education (Department) continues to take steps to ensure the confidentiality, security, and integrity of student and parent information related to the federal student aid programs. Protecting that information is a shared obligation among the Department, institutions, third-party servicers, and other partners in the financial aid system. We expect all of our partners to maintain strong security policies and effective internal controls to prevent unauthorized access or disclosure of sensitive information.
Education Politics and Policy
Higher Ed Deal in the Works? – Inside Higher Ed
Senator Lamar Alexander says a bill to reauthorize the Higher Education Act should pass the education committee in about a month, to give it time to get through Congress this year.
Four especially testy moments when Betsy DeVos testified on Capitol Hill – The Washington Post
It was one of a handful of testy moments during DeVos’s appearance before the House Appropriations Committee’s subcommittee for labor, health, human services, Education and related agencies, where she defended the Trump administration’s proposed 2021 Education Department budget.
Veritas Capital Completes Acquisition of Campus Management and Edcentric from Leeds Equity Partners
Veritas Capital (“Veritas”), a leading private investment firm, today announced the completion of its previously announced acquisition of Campus Management Acquisition Corp. (“Campus Management”) and Edcentric Holdings LLC (“Edcentric”) from Leeds Equity Partners, LLC (“Leeds Equity”).
Financial Aid/Student Loans
Secretary DeVos Launches Innovative Pilot at Four Universities for Students to Access Financial Aid Refunds
Federal Student Aid launched today the myFSApay program pilot for students at Jackson State University, Purdue University, the University of California-Riverside, and the University of Georgia.
Coronavirus Quarantines and More – Inside Higher Ed
Spread of coronavirus in California, Oregon and Washington triggers student quarantines. American Physics Society cancels annual meeting, colleges cancel more overseas programs and players’ group calls for possibly holding March Madness tournament without fans.
California’s online community college to face state audit – EdSource
State lawmakers voted unanimously Wednesday to audit Calbright College, California’s online-only community college, just five months into its existence.
Looking Ahead: Why Universities Need to Adopt the Credential Model – The evolllution
Anthony Carnevale discusses the importance of credentials, why they’re overlooked and how continuing education divisions are the start of something new.
College Completion Rates Increase In All But Two States – Forbes
New data released today by the National Student Clearinghouse Research Center show an increase in college completion rates in 43 of the 45 states for which recent data were available.
Stratford University at Risk of Losing Accreditation – News4
Stratford University, an independent university in Falls Church, Virginia, is at risk of losing its accreditation and is under orders to stop enrolling new students through mid-March, News4 has learned.
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