Remove Grants and Contracts Remove Research Remove Student Financial Aid
article thumbnail

Higher Ed Cybersecurity, MOVEit Hack, and 3rd-Party Risk: Changing Higher Ed Podcast 163 with Host Dr. Drumm McNaughton and Guest Brian Kelly

The Change Leader, Inc.

The primary rule change is designating a CISO or a qualified individual responsible for protecting customer information or student financial aid data. Institutions must annually vet employees granted access to information and ensure more people haven’t been granted access. They can also contract with third parties.

article thumbnail

Budget Freezes Are Coming for Higher Education

Robert Kelchen

While it does not appear that student financial aid will be affected in the short term, all federal grants and contracts are certainly up in the air even though some of them enjoy legal protections. The higher education field still bears scars from the pandemic, and one key one is the need for financial liquidity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How big is the money portfolio in the Department of Education?

University Business

In fiscal year 2024 alone, the net cost to operate the department was more than $218 billion, according to an analysis from the Pew Research Center. Those figures are significantly lower than FY2022when the Biden administration expanded student loan forgiveness programs. Its student loan portfolio stood at $1.47 Loans: $85.8

article thumbnail

McMahon: Funding is safe but mass layoffs are “first step” to full closure

University Business

(LATEST UPDATE: March 12) Student loans and Pell Grants are safe, but this week’s mass firings at the Department of Education represent the “first step” of President Donald Trump’s plan to shut down the agency, Secretary of Education Linda McMahon says. ” (LAST UPDATE: Feb.