Student Aid Policy

The president announced a plan expected to impact 95 percent of the 43 million federal student loan borrowers. Democrats call the announcement a win for low- and middle-income Americans. Republicans question its legality.

Biden’s student loan forgiveness, while welcome, barely scratches the surface of what’s needed to address higher education affordability and access, Jamie Merisotis writes.

President forgives $10,000 for everyone whose income doesn’t exceed $125,000, and $20,000 for Pell Grant recipients.

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.

The deadline to submit public comment on the Education Department’s proposed changes to “targeted” student debt relief programs has arrived. Democrats celebrated the proposal, while Republicans claimed executive overreach.

A National Association of Financial Aid Administrators report shows the most recent data available on major federal student aid programs.

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.

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.