A quick look back at the news from last week, compiled by Penn Hill Group:
HOUSE and SENATE
The House and Senate are in recess. The House will return on Tuesday, April 12, and the Senate will return on Monday, April 4.
The Congressional Budget Office released its new Pell Grant Baseline projections. The Pell Grant Program is projected to have a $7.754 billion surplus going into FY2017. Based on these projections, the Pell Grant Program is expected to start running a shortfall in FY2025.
The U.S. Department of Education (ED) released a report, Fulfilling the Promise, Serving the Need: Advancing College Opportunity for Low-Income Students, highlighting higher education institutions that promote access, opportunity and success for Pell-eligible students.
ED announced a determination that between 2010–2014, former Corinthian Colleges’ Everest Institute, Everest College, Everest University and WyoTech misrepresented job placement rates for many of their programs of study. This determination has lead ED to create a attestation form that allows borrowers who enrolled in those institutions during that time period to apply for a discharge of their student loans without having to show specifically how their institution violated state law (as is normally required).