Loan programs

Loan programs

Education Secretary Miguel Cardona, a middle-aged Hispanic man with glasses and a goatee.
Nov 15, 2022
Eighth Circuit panel unanimously imposes preliminary injunction, ruling that states have standing and that the policy’s potential impact on state finances could be “irreversible.”

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November 15, 2022
Eighth Circuit panel unanimously imposes preliminary injunction, ruling that states have standing and that the policy’s potential impact on state finances could be “irreversible.”
October 28, 2022
Education Department also releases new accountability measures for when colleges and universities change ownership, along with regulations for prison education programs.
October 26, 2022
More than $14 billion in federal student loans have been forgiven under the program in the last year since the administration streamlined the process. The changes will now become permanent.
October 24, 2022
Nearly 22 million borrowers applied for loan forgiveness in the week since the application opened.
September 30, 2022
In another development, six states sue the Biden administration over the loan-forgiveness plan.
September 1, 2022
The reality is college doesn’t pay off for many graduates—and until we’re more transparent about that, the student loan crisis will be a recurrent one, Chris Keaveney writes.
August 24, 2022
President forgives $10,000 for everyone whose income doesn’t exceed $125,000, and $20,000 for Pell Grant recipients.
August 24, 2022
President Biden is expected to cancel $10,000 of federal student loan debt per borrower, and extend the pause on loan payments. Loan servicers say they’ve been left in the dark and warn of a big mess that could trigger confusion among borrowers.
July 31, 2022
The Education Department said the federal student loan program is generating billions in income for the federal government. A new report from the GAO shows that it is causing billions in lost revenue due to flaws in budget estimates.
July 22, 2022
The uncertainty has experts worried about borrowers being unprepared for repayment to begin. A source says loan servicers have been told by the Education Department not to send statements to borrowers about the deadline.

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