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Third-Party Service Provider Department of Education Educational Institutions

McGuireWoods LLP

Higher Education Institutions Cautioned Against Misleading Statements About External Service Providers

McGuireWoods LLP on

On Jan. 14, 2025, the U.S. Department of Education issued guidance through a Dear Colleague Letter that, if left in place by the new administration, could significantly expand Federal Student Aid program reviews, attorney...more

Spilman Thomas & Battle, PLLC

The Academic Advisor - Education Law Insights, Issue 10, December 2023

In this final edition of the year, we cover the following issues of import for educational institutions: - CFPB scrutiny of college-sponsored financial products; - Changes ahead for Title IV program participants and...more

Bond Schoeneck & King PLLC

U.S. Department of Education Issues Dear Colleague Letter on May 16, 2023 to Update Earlier Guidance on Third-Party Servicers

On Feb. 15, 2023, the U.S. Department of Education (Department) surprised the higher education community with a Dear Colleague Letter (DCL GEN-23-03) that sets forth new guidance on third-party servicers with whom...more

Faegre Drinker Biddle & Reath LLP

U.S. Department of Education Indefinitely Delays Expanded Third-Party Servicer Requirements

On April 11, 2023, the U.S. Department of Education (ED) indefinitely delayed the effective date of guidance regarding the scope of third-party servicer (TPS) requirements that it first published on February 15 and then...more

Cooley LLP

Third-Party Servicer Guidance on Hold

Cooley LLP on

On April 11, 2023, the US Department of Education (ED) announced that it will modify and further delay the implementation of its controversial guidance on third-party servicer (TPS) issues. This latest update comes in...more

Maynard Nexsen

U.S. Department of Education Delays Implementation of New Third-Party Servicer Guidance

Maynard Nexsen on

The U.S. Department of Education (“Department”) last week announced an indefinite delay in the implementation of its new third-party servicer guidance originally issued on February 15, 2023, and last amended on February 28,...more

Faegre Drinker Biddle & Reath LLP

U.S. Department of Education Substantially Expands Regulatory Oversight of Service Providers and Academic Partners to Higher...

On February 16, 2023, the U.S. Department of Education (ED) announced a substantially expanded interpretation of the activities which render an entity providing services to a higher education institution a Third-Party...more

Husch Blackwell LLP

Update: U.S. Department of Education Third-Party Servicer Guidance

Husch Blackwell LLP on

UPDATE: On February 28, 2023, the Department updated the Dear Colleague Letter issued February 15, 2023 to establish a future effective date for the guidance, extend the public comment period, and extend the reporting...more

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