ROUND ROCK, Texas – Policy can and should do a better job of preparing students to responsibly navigate the federal student loan system. That is the central message of a new report from TG, in collaboration with the National Association of Student Financial Aid Administrators (NASFAA). Effective Counseling, Empowered Borrowers, the fifth and final installment […]
Last night at 10:04PM EST the U.S. Department of Education (ED) posted a new item on the FedBizOpps website, amending its RFP. The amendment extends the deadline to submit until 5PM EST on February 16.
This week, former CFPB Student Loan Ombudsman Rohit Chopra started a new job — at the Department of Education. An outspoken critic of, well, just about everything related to student loans, one thing is clear: things will probably change at the Department of Education.
Glendale, Colo. – Virtuoso Sourcing Group, LLC (VSG), a woman-owned small business (WOSB) based in Glendale, Colorado, has announced it will give access to company documents and records to certain firms interested in validating its assertion as a Federal WOSB prior proposing the firm as a subcontractor in a response to the U.S. Department of Education’s […]
Three weeks ago insideARM wrote about the latest developments in the Department of Education (ED) Debt Collection Services RFP. Now that the holiday season is over it is time to examine the impacts of that news. Interested companies are in full-fledged scramble mode. Initial questions were due on December 21st. Most industry people expect ED responses […]
Last month Congress passed a budget deal that includes a provision to allow those collecting federal student loans to call consumer cell phones using an autodialer. In an article I wrote about it at the time, I noted that some were determined to get the provision rolled back. This week, several Senators sent a letter to the Department of Education (ED) urging the department not to allow “unsolicited robocalling by debt collectors.” This has been picked up in many newspapers – I think their argument does a disservice to students and taxpayers.
Buffalo, NY – Pulcher World Management, LLC (PWM), a small disadvantaged and Federal HUBZone certified small business located in Western New York, today announced it will offer training services to help Private Collection Agencies (PCAs) serving Federal clients to reduce the amount of core collection subcontracting those PCAs must do in order to adhere to subcontracting […]
Rock Falls, IL – Steel River Systems, LLC (SRS), a disabled veteran-owned small business (SDVOSB) based in a Federal HUBZone in Northwestern Illinois, is pleased to announce its formation and availability to assist Federal contractors in meeting task order subcontracting requirements. This includes Private Collection Agencies (PCAs) serving the U.S. Department of Education (ED) as small […]
On late Friday afternoon, the U.S. Department of Education (ED) posted two items on the FedBizOpps website. The first cancels the current solicitation for debt collection services. The second announces a new RFP for debt collection services.
Yesterday, U.S. Attorney General Loretta E. Lynch announced a major settlement with Education Management Corp., the second-largest for-profit education company in the United States. Under the deal announced yesterday, EDMC has agreed to pay a $95.5 million civil settlement to resolve claims that it falsely obtained federal and state education funds, and forgive about 80,000 student loans.