The Higher Education Act doesn’t exempt Temple University from following the terms of the Fair Credit Reporting Act in the way it reports student loan debt information, the U.S. Court of Appeals for the Third Circuit has ruled.
The appeals court vacated the district court’s finding in favor of Temple and rejected the university’s argument that the Higher Education Act functionally excuses educational institutions from reporting the date of the first delinquency and the collection history of students who had Perkins Loans to credit reporting agencies.
