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Legislators are optimistic about bipartisan support for the proposal, which would also increase grant amounts, but they’re keeping cognizant of a looming $4.3 billion budget gap.
Negotiations next spring will address state authorization and the definition of distance education but won’t consider use of third-party servicers.
A year after the Biden administration announced a new system to provide student debt relief via bankruptcy, the process remains clunky and mired in uncertainty for borrowers—while government officials say it’s been a success.
Pulling federal money from colleges would happen only after a long, complicated process. For the Education Department, it would be a “nuclear option.”
Colleges and universities will face a tighter timeline to get students their financial aid offer letters, and students will have less time to make decisions.
For-profit DeVry University won’t have to pay nearly $24 million to the U.S.—for now—thanks to a court ruling that could hamper the department’s plans to make colleges that mislead their students pay up.
Some states were using welfare program funds intended for low-income parents on scholarships or grants for middle- and high-income students without children.