The coronavirus pandemic response rages on in Washington. On Tuesday, July 7, the House Education and Labor Committee's Subcommittee on Higher Education and Workforce Investment held a hearing to discuss how Congress can help students and institutions cope with COVID-19. In her opening statement, Chairwomen Susan Davis (D-CA) highlighted that delays and restrictions coming from the U.S. Department of Education (USDE) had unnecessarily prevented some students from receiving relief. She also noted that "the CARES Act simply did not go far enough to prepare our institutions for this looming economic recession" and that the recently passed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act would help to fill in the gaps. Countering that point with an opposing view, Ranking Member Lloyd Smucker (R-PA) stated that the bill "launches a socialist takeover of the private student loan market by forcing private student loan companies to offer income driven repayment terms and conditions that are dictated by the federal government." Read the July Washington Insights to learn more about legislative proposals and actions that are being considered and debated in response to the coronavirus pandemic.
Read the July 2020 Washington Insights.
Washington Insights provides the latest news, guidance, and inside-the-beltway advice on the complex subject of financial aid in higher education. Washington Insights is prepared by Dr. Sharon Bob, Ph.D., the Distance Education Accrediting Commission's Special Consultant on Student Aid.