The Consumer Financial Protection Bureau has appointed former student loan industry executive Robert Cameron as the new ombudsman to oversee private education loans. The move narrows the focus of the office away from also overseeing complaints from borrowers with federal student loans, which make up more than 90% of the market.
Higher education leaders can ensure the safety of their networks by educating users to spot and report scams, work across departments to analyze risks and practice incident response strategies, writes Dan Tynan. Universities report nine times as many cyberattacks per user on average than other industries, according to a recent Mimecast report.
Cheyney University is reporting a $2.1 million surplus after raising $4.4 million in a bid by the historically black university to retain its accreditation. The largest donation -- $2.5 million -- came from the Pennsylvania Department of Education to support the turnaround.
Boise State University's new president, Marlene Tromp, says higher education has an important role to play in areas such as diversity, creativity and innovation. Tromp, who was provost and executive vice chancellor at the University of California at Santa Cruz before taking the job, says she will focus on ways to make college education more accessible.
A new bill sponsored by Rep. Donna Shalala, D-Fla., and Rep. Matt Gaetz, R-Fla., would require that student loan borrowers receive monthly updates about their loans including information about projected payments and other fees. Lynn Pasquerella, president of the Association of American Colleges and Universities, said approval of the measure would be "an important step forward in addressing the student debt crisis."
An analysis from the Economic Policy Institute has found that between 1978 and 2018 CEO pay increased about 1,000% while typical worker pay increased 12%. The pay ratio between workers and CEOs is 278 to 1, and the analysis' authors say the increase has contributed to the country's worsening wealth gap.
To advance in an organization, you must identify who has power and influence and look for a sponsor at least two tiers ahead of you who can provide new opportunities, writes Bonnie Marcus. "[I]t takes both great performance and political savvy to get ahead," she writes.
An Indiana University student mental health program called U Bring Change to Mind is being linked to increased inclusive behavior, decreased prejudice and more positive views of "campus mental health culture," a study of the program finds. The program included biweekly meetings and events such as a fashion show to alleviate students' stress.
Historically black colleges and universities are recruiting more international students from countries such as Saudi Arabia and Nigeria to boost tuition income and diversity. However, some school officials cite changes to US immigration policies for an overall decline in international enrollment at US colleges since fall 2016.
A batch of emails obtained by POLITICO shows that student loan industry leaders last year lobbied the US Education Department to block states from regulating their businesses just before federal policy on the practice was implemented. Spokesperson Liz Hill says the department had restated long-standing policy that regulation of the industry is a federal, not a state, matter.