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Harsher rules, more enforcement: What to expect from Chopra's CFPB

Harsher rules, more enforcement: What to expect from Chopra's CFPB
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U.S. Education Department Will Relax Aid-Verification Rules in 2021-22


Illustration by The Chronicle
A major burden for students and colleges alike has been lifted, at least for one year. The U.S. Department of Education announced on Tuesday that it will waive verification requirements for most of the information that federal-aid applicants must provide during the 2021-22 enrollment cycle.
The change, intended to ease the challenges students and institutions are experiencing because of the pandemic, means that fewer low-income students will have to provide additional proof that their financial information is accurate. In a July 13 “Dear Colleague” letter describing the change, an Education Department official wrote that the verification process would focus on stamping out identity theft and fraud. ....

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