GAIL DAMOTA

Exempt QSLB from PAB cap and AMT;

To discuss elements of OB3 such as the elimination of the grad plus program and the need to modify preferred lender lists to help better counsel students and borrowers.

When considering reconciliation - Retain tax exemption for PABs or at least for QSLBs. Exempt QSLB from PAB cap and AMT; and continue to allow employers to contribute $5250 toward student loan repayment for employees tax free.

HR 2660 to exempt QSLBs from PAB cap and AMT and to retain tax exemption of PABs. Support funding for student loan servicing, extend the AMF for guaranty agencies permanently as the FFELP portfolio continues to pay down. The education provisions in OB3 bill.

When considering reconciliation - Retain tax exemption for PABs or at least for QSLBs. Exempt QSLB from PAB cap and AMT; and continue to allow employers to contribute $5250 toward student loan repayment for employees tax free.

Need to remove QSLBs from PAB cap to allow nonprofit state-based education finance organizations to provide low cost student loans. FAFSA completion efforts and initiatives by EFC membership.

Removing QSLBs from PAB Cap and AMT; Continue to Allow Employers to Annually Repay Up To $5,250 of Their Employees Student Loans Tax-Free in 2026 and Beyond; and Amend 529 Savings Plan Qualified Expenses to Include Costs Associated with Career Training and Credentialing Pass the Freedom to Invest in Tomorrows Workforce Act

FASFA Fiasco; Explaining the Guaranty Agency and Dept of Education VFA Agreement and the extension of the account maintenance fee for guaranty agencies.

Removing QSLBs from PAB Cap and AMT; Continue to Allow Employers to Annually Repay Up To $5,250 of Their Employees Student Loans Tax-Free in 2026 and Beyond; and Amend 529 Savings Plan Qualified Expenses to Include Costs Associated with Career Training and Credentialing Pass the Freedom to Invest in Tomorrows Workforce Act

Removing QSLBs from PAB Cap and AMT; Continue to Allow Employers to Annually Repay Up To $5,250 of Their Employees Student Loans Tax-Free in 2026 and Beyond; and Amend 529 Savings Plan Qualified Expenses to Include Costs Associated with Career Training and Credentialing Pass the Freedom to Invest in Tomorrows Workforce Act

FASFA Fiasco; Pass the Know Before You Owe Federal Student Loan Act, which strengthens financial counseling; Pass either the S. 528/H.R. 1198 the Understanding the True Cost of College Act or H.R. 1311 the College Cost Transparency and Student Protection Act to reform financial aid offers to make college pricing more transparent and easier to understand; Pass the State-Based Education Loan Awareness Act, which eliminates Preferred Lender List restrictions and penalties that prevent institutions from informing students about private loans offered by nonprofits that feature rates as or more favorable than the federal student loan programs; Subsidize education with more grants and fewer federal student loans; Institute stricter PLUS credit criteria for parent borrowers while still allowing dependent children whose parents fail the new standard to borrow up to independent student loan limits; Pass H.R. 3414 the Responsible Borrowing Act, which allows colleges and universities to prorate or limit the amount of federal student loan debt an enrolled student may take on based on certain categorical factors; and Allow Pell-eligible students to use their grant at shorter-term workforce programs.

Requesting clarifying guidance related to Sec. 144(b), the use of tax-exempt bonds for education loan refinancing programs.

Requesting clarifying guidance related to Sec. 144(b), the use of tax-exempt bonds for education loan refinancing programs.

Department of Education priorities and how they align with EFC priorities. How can EFC help ED help borrowers. Increased appropriations needed to pay servicers during return to repayment, and for implementing the FAFSA simplification.

Requesting clarifying guidance related to Sec. 144(b), the use of tax-exempt bonds for education loan refinancing programs.

Requesting clarifying guidance related to Sec. 144(b), the use of tax-exempt bonds for education loan refinancing programs. Return to Repayment - what needs to happen to help borrowers. Increased appropriations needed to pay servicers during return to repayment, and for implementing the FAFSA simplification.

Requesting clarifying guidance related to Sec. 144(b), the use of tax-exempt bonds for education loan refinancing programs.

Requesting clarifying guidance related to Sec. 144(b), the use of tax-exempt bonds for education loan refinancing programs.

Requesting clarifying guidance related to Sec. 144(b), the use of tax-exempt bonds for education loan refinancing programs.

Student Financial Aid issues, specifically those related to student loans. Discussed issues with the Department of Education surrounding the Biden-Harris student loan debt relief initiative.

The need for guidance from the IRS on section 144(b) to allow state student loan agencies to utilize tax exempt bonds to finance state-based student loan refinance programs to enable them to offer lower rates and favorable repayment terms to borrowers.

Student Financial Aid issues, specifically those related to student loans. Discussed issues with the Department of Education surrounding the Biden-Harris student loan debt relief initiative.

The need for guidance from the IRS on section 144(b) to allow state student loan agencies to utilize tax exempt bonds to finance state-based student loan refinance programs to enable them to offer lower rates and favorable repayment terms to borrowers.

Student Financial Aid issues, specifically those related to student loans; and as Congress and the Education Department implement provisions of the CARES Act. Discussed issues surrounding the pending cessation of the publication of LIBOR and the need to amend the HEA to address FFELP SAP tied to LIBOR. Also discussed loan forgiveness initiatives for PSLF and one-time payment adjustment for IDR.

Student Financial Aid issues, specifically those related to student loans; and as Congress and the Education Department implement provisions of the CARES Act. Discussed issues surrounding the pending cessation of the publication of LIBOR and the need to amend the HEA to address FFELP SAP tied to LIBOR.

Discussed issues surrounding the pending cessation of the publication of LIBOR and the need to amend the HEA to address FFELP SAP tied to LIBOR, and HR 4616 Adjustable Interest Rate (LIBOR) Act that provides, among other things, a safe harbor for legacy contracts tied to LIBOR that lack sufficient fallback language to transition to the ARRC rate, SOFR. Also discussed the need for guidance related to Sec. 144b, the Treasury Priority Guidance Plan for 2021-2022, and the filing of Form 1099-C.

Student Financial Aid issues, specifically those related to student loans; and as Congress and the Education Department implement provisions of the CARES Act. Discussed issues surrounding the pending cessation of the publication of LIBOR and the need to amend the HEA to address FFELP SAP tied to LIBOR.

Student Financial Aid issues, specifically those related to student loans; and as Congress and the Education Department implement provisions of the CARES Act, and student loan bankruptcy reform. Discussed issues surrounding the pending cessation of the publication of LIBOR and the need to amend the HEA to address FFELP SAP tied to LIBOR, and HR 4616 Adjustable Interest Rate (LIBOR) Act that provides, among other things, a safe harbor for legacy contracts tied to LIBOR that lack sufficient fallback language to transition to the ARRC rate, SOFR. Also discussed the need for guidance related to Sec. 144b and the Treasury Priority Guidance Plan.

Discussed potential reforms to the bankruptcy code that applies to higher education loans both private and federal.