The Biden Administration has been busy in its first year in office, tackling a range of regulatory issues affecting the higher education landscape. Since taking office, the administration has made significant strides in shaping the future of higher education, with a focus on affordability, accessibility, and student success. In this article, we’ll take a closer look at the key initiatives and proposals that have been implemented or announced, and what they mean for students, institutions, and the broader higher education community.
One of the most significant developments has been the reinstatement of the Borrower Defense to Repayment (BDR) rule, which was previously rolled back by the Trump Administration. The BDR rule provides a critical safeguard for students who have been defrauded by predatory institutions or had their debts forgiven due to administrative or regulatory errors. The new rule takes effect in July 2022 and will restore protections for students who have been affected by institutional closures or fraudulent activities.
Another key area of focus has been the verification of student eligibility for federal financial aid, with the administration announcing a new rule aimed at simplifying the verification process for students. The reduction of paperwork and complexity is expected to reduce student stress and friction, while also improving the overall efficiency of the financial aid process.
The administration has also made significant strides in promoting student success, with the introduction of new regulations aimed at improving student outcomes and reducing drop rates. The proposed Title IV regulations require institutions to monitor student retention and completion rates, and to provide students with targeted support and resources to help them succeed.
The Biden Administration has also taken steps to address the growing concern around student mental health and wellness, with a focus on providing resources and support to help students navigate the challenges of higher education. The proposed mental health and wellness regulations aim to improve student access to mental health services and reduce stigma around seeking help.
In conclusion, the Biden Administration’s regulatory agenda has already made significant progress in addressing key challenges facing the higher education sector. From borrower defense to student success, and from verification to mental health and wellness, the administration has demonstrated a commitment to putting students at the forefront of its policy priorities. As the regulatory agenda continues to unfold, it will be essential for institutions, students, and stakeholders to stay engaged and informed about the changes and their implications.
