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Panel approves bill to notify HESAA when students receive borrower-defense loan discharges
Summary
The committee released AB 4,881, which requires institutions of higher education to notify the Higher Education Student Assistance Authority when a student is approved for a federal borrower-defense loan discharge; committee amendments removed a reporting requirement to the Secretary of Higher Education.
The Assembly Higher Education Committee voted to release Assembly Bill 4,881 with committee amendments. The bill requires institutions of higher education and certain proprietary institutions to notify the Higher Education Student Assistance Authority (HESAA) if a formal or current student is approved for a…
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