Student Aid Policy

Before Biden took office, just 7,000 borrowers had received forgiveness through the Public Service Loan Forgiveness program.

The Education Department wrapped up phase one of the federal aid form’s limited rollout last week, seeking out early bugs and reassurance for families shell-shocked from last year’s fiasco. Are they passing their own test?

But, the federal government has no say in whether an individual college is accredited, experts say. That decision is up to the accreditors.

As emerging data shows that taking out loans to earn a graduate degree doesn’t always pay off, policy experts call for even stronger regulation of graduate schools.

Before payments paused during the pandemic, one in five borrowers were in default. Advocates believe that figure could be higher next year.

A government investigation offered a look behind the scenes of the federal aid fiasco this week. Financial aid professionals say it confirmed their most cynical suspicions.

Government investigators dissected the federal aid form’s botched rollout at a congressional hearing Tuesday. Their findings paint a familiar picture of bureaucratic bungling, with some telling new details.