A quick look at the news from last week:
HOUSE and SENATE
The House and Senate are in recess and are scheduled to return for legislative business on November 11.
The U.S. Department of Education released information on the latest cohort default rate (CDR) calculations for institutions of higher education. As in past years, the Department released national data, and data by sector and institution. Overall, the Department is reporting that CDRs are down nationally compared to last year’s data (14.7 percent to 13.7 percent). The Department also announced that it modified individual institution CDRs when borrower loans were split amongst different servicers.
Eric Holder announced that he will step down as Attorney General at the U.S. Department of Justice; he will stay on until a successor is approved.
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