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Ropes & Gray LLP

Effect of Changes to Title IV of the Higher Education Act in the One Big Beautiful Bill

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The “One Big Beautiful Bill Act” (the “Act”), which recently became law, makes significant changes to federal financial aid programs administered under Title IV of the Higher Education Act of 1965 (“HEA”). These changes...more

Ballard Spahr LLP

VA Winding Down VASP Program

Ballard Spahr LLP on

As previously reported, last year the U.S. Department of Veterans Affairs (VA) launched a Veterans Affairs Servicing Purchase (VASP) program, which VA characterized as a “last-resort tool” for VA home loan borrowers facing...more

Akin Gump Strauss Hauer & Feld LLP

RESCINDED: Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs (Trump EO Tracker)

Summary - This memorandum institutes a temporary pause on all federal financial assistance, effective January 28, 2025, at 5:00 PM. It further requires all agencies to conduct a review of every federal...more

Husch Blackwell LLP

Federal Government Freezes Grant/Loan Disbursements – What It Means for Nonprofits

Husch Blackwell LLP on

On January 27, 2025, the United States Office of Management and Budget (OMB) issued a pause, set to go into effect at 5 p.m. on January 28, to all “federal financial assistance programs and supporting activities.” The order...more

Foley & Lardner LLP

State of Play: Temporary Pause of Agency Grants, Cooperative Agreements, Loans, and Other Financial Assistance Programs

Foley & Lardner LLP on

UPDATE: As of 5:00 PM EST on January 28, a federal judge has temporarily blocked the Trump administration from enforcing the freeze detailed below.  This situation is ongoing and clients should still prepare accordingly....more

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