What You Need to Know This week, the Reimagining and Improving Student Education (RISE) Committee reconvened for its second session of negotiated rulemaking. The committee, which first met in early October, is focused on student loan limits, repayment, and rehabilitation provisions outlined in OB3. A key point of discussion has been the definition of “professional degree,” which carries implications for federal loan caps across graduate programs. Why This Is Important This is the first of two major rulemaking efforts underway. The second, led by the Accountability in Higher Education and Access through Demand-driven Workforce Pell (AHEAD) Committee, is expected to address Pell Grant eligibility, accountability measures under the Financial Value Transparency and Gainful Employment Rule and implementation of the Do No Harm framework under OB3. AHEAD is scheduled to meet in December and January, with both committees expected to finalize rules that could take effect as early as mid-2026. |