Wednesday, November 21, 2012

Schools Scrambling to Reinstate Students in Wake of PPL Reversal - Higher Education

Schools Scrambling to Reinstate Students in Wake of PPL Reversal - Higher Education: The Department of Education’s decision this month to reverse its denial of loans to thousands of parents trying to help their children go to college clears the way for institutions to try to recover from what has been widely characterized as a fall enrollment disaster for many Historically Black Colleges and Universities (HBCUs).

Secretary of Education Arne Duncan says the agency has reviewed complaints from a number of institutions and advocacy groups and has decided to use the “extenuating circumstances” provision of its Parent PLUS Loan program to reconsider the rejected loan applications.

The new, more forgiving conditions governing the review process suggest the agency will probably waive most of the tougher loan restrictions imposed this spring and summer.