Colleges Push for More Time to Meet New Financial Disclosure Rules

"Higher education institutions are putting pressure on the Biden administration to push back the deadline directing them to turn over data that is meant to help students choose programs that make the most financial sense for them," POLITICO reports.

..."Under the new reporting requirements, schools have to post data that shows graduates can afford their debt payments. It's designed to help students choose degree or certificate programs that won't leave them saddled with prohibitive bills. But many schools are citing continuing fallout from the botched rollout of the Education Department’s new federal financial aid form as a reason to push back the Oct. 1 deadline.

'It’s basically just a huge data collection,' Jill Desjean, a senior policy analyst at the National Association of Student Financial Aid Administrators said in an interview. 'We still have a lot of catching up to do from the FAFSA situation this year. So we really can't shift right now.'"

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Publication Date: 7/3/2024

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