Jonathan Pompan published "Rule Provides Opening for Student Loan Debt Counseling" in Law360 on April 2, 2014.
New regulations that will impose severe requirements on for-profit colleges and career-training programs may open the door to an increased need for independent third-party student loan debt counseling. On March 14, 2014, the Obama administration released its gainful employment rule that would establish student-loan default thresholds that, if exceeded, could lead to schools losing access to student financial assistance programs authorized under Title IV of the Higher Education Act of 1965.
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