The Advisory Committee on Student Financial Assistance has finished its study of 15 potentially burdensome regulations, and in a final report issued Tuesday urged the Education Department to immediately review the regulations to see if suggested changes from the committee's survey are applicable. Such reviews should become routine in the future and take place at least every two years, the committee wrote.
The committee surveyed more than 2,000 higher education officials across all sectors, and convened two panels of college and university stakeholders and experts to review regulations considered potentially burdensome. The response was overwhelming: almost all of the regulations should be changed. The respondents' suggestions on how to change them are detailed in the report, but are not binding until the Education Department conducts its own review.