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

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