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DC Update, Never a Dull Moment!

DC Update, Never a Dull Moment! . Terry Muilenburg Chair , NCHER Board SVP , USA Funds Shelly Repp President , NCHER . DC Update. Never ending fiscal brinksmanship Avoiding a shutdown CR expires January 15, 2014 Debt limit W ill be frozen February 7, 2014 Sequester

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DC Update, Never a Dull Moment!

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  1. DC Update, Never a Dull Moment! Terry Muilenburg Chair, NCHER Board SVP, USA Funds Shelly Repp President, NCHER

  2. DC Update • Never ending fiscal brinksmanship • Avoiding a shutdown • CR expires January 15, 2014 • Debt limit • Will be frozen February 7, 2014 • Sequester • Grand bargain or short term deal 2013 Knowledge Symposium November 5-7, 2013 ● St. Pete, Florida

  3. DC Update • HEA Authorization • President’s proposals • House and Senate schedule • Issues/themes • One loan program/one grant program • Increased Pell funding/making it an entitlement • Funding tied to cost reduction/success • Eliminate loan subsidy • Automatic IBR • Loan limits • Simplify tax credit • Streamline FASFAA/apply through tax return • Better consumer information • Interest rates may, again, be on the table 2013 Knowledge Symposium November 5-7, 2013 ● St. Pete, Florida

  4. DC Update • Reform of Telephone Consumer Protection Act • Federal Student Aid Programs • NFP Servicing • VFA Initiative • IBR 2013 Knowledge Symposium November 5-7, 2013 ● St. Pete, Florida

  5. DC Update • Regulatory Agenda • Education • 2012 NegReg – Loan Issues • 2013 NegReg – Gainful Employment • 2014 NegReg- ??? • CFPB • Supervision of large servicers • FDCPA Regulations 2013 Knowledge Symposium November 5-7, 2013 ● St. Pete, Florida

  6. DC Update • NCHER Priorities • Raise profile of our members in helping borrowers and promoting postsecondary success • Defend against threats • Remove barriers to helping struggling borrowers • Support borrower services 2013 Knowledge Symposium November 5-7, 2013 ● St. Pete, Florida

  7. Questions? 2013 Knowledge Symposium November 5-7, 2013 ● St. Pete, Florida

  8. DC Update, Never a Dull Moment! 2013 Knowledge Symposium November 5-7, 2013 ● St. Pete, Florida

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