dc update, never a dull moment! terry muilenburg chair, ncher board svp, usa funds shelly repp...
TRANSCRIPT
DC Update, Never a Dull Moment!
Terry Muilenburg Chair, NCHER BoardSVP, USA Funds
Shelly Repp President, NCHER
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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
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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
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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
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DC Update• Regulatory Agenda– Education• 2012 Neg Reg – Loan Issues• 2013 Neg Reg – Gainful Employment• 2014 Neg Reg - ???
– CFPB• Supervision of large servicers • FDCPA Regulations
2013 Knowledge Symposium
November 5-7, 2013 ● St. Pete, Florida
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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
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Questions?
2013 Knowledge Symposium
November 5-7, 2013 ● St. Pete, Florida
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DC Update, Never a Dull Moment!
2013 Knowledge Symposium
November 5-7, 2013 ● St. Pete, Florida