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Application for New Repayment Plan Out
The U.S. Education Department launched a beta version of the application for its new income-driven repayment plan, CNN reported. Biden...
New Data Show How Students Fare After Graduate School
At 24 institutions, students have accumulated more than $25 million in interest five years into repayment, while at one university, balances grew by $289 million.
Report Proposes Focusing Pell Grant on Living Costs, Not Tuition
The Pell Grant should be redesigned to cover a student’s living costs instead of an institution’s tuition and fees, a...
‘Untold Harm’: Education Department Discharges Loans of 7,400 CollegeAmerica Students
The Biden administration says the Colorado campuses of CollegeAmerica, a defunct for-profit college, lied to students, so the Education Department is forgiving their loans and offering refunds.
Students Relying on More Financial Aid but Fewer Take Out Loans
Federal financial aid continues to be a key source of funding for students going to college, though a lower percentage...
Dozens of Advocacy Groups Demand Biden Immediately Cancel Students’ Debts
More than 175 advocacy groups representing borrowers want the Biden administration to move quickly to discharge student loans, as the...
Biden’s Backup for Student Loan Relief Likely to Take a Year
Negotiations over loan forgiveness will spotlight the Education Department’s complicated process to enact new rules—and are likely to frustrate borrowers in the process.
$39 Billion in Student Loan Relief for 804,000 People
The debt discharge is the result of an effort to give borrowers credit for more payments and rectify failings in the student loan system.