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Department of Education announced this week that its Office of Federal Student Aid (FSA) will resume collections on defaulted federal studentloans beginning Monday, May 5, 2025, ending a pause that has been in effect since March 2020. million borrowers owing more than $1.6 The book is scheduled to be released in September 2025.
have introduced bicameral legislation to restore graduate students' access to subsidized federal loans, a benefit eliminated more than a decade ago that advocates say has created barriers to advanced education for students from underrepresented backgrounds. Senator Alex Padilla Senator Alex Padilla (D-Calif.)
introduced legislation Wednesday that would make public colleges and universities tuition-free for approximately 95% of American students, in what supporters call the most significant higher education investment in six decades. Pramila Jayapal (D-Wash.) Jayapal highlighted the legislation's focus on addressing educational inequity.
Chaos: the word experts chose time and again to describe the current state of student debt relief efforts and loan repayment. Since President Biden’s first attempt to clean the slate for millions of student borrowers was struck down by the U.S. The debt burden is not distributed equally among students.
Federal studentloan borrowers have access to a new income-driven repayment plan, the SAVE plan. Instead of billing borrowers an incorrect amount, servicers tend to use an administrative forbearance instead. Unfortunately, servicers have had enormous problems calculating what payments should be under that plan.
Despite ongoing disinvestment, educators remain steadfast in their battlenot only for schools but also for students, families, and the conviction that education fuels a just society. However, that progress was halted when a higher court lifted the Temporary Restraining Order (TRO), allowing the administration to pause funding once again.
If a former student is past due on a Federal studentloan, there is an obvious way to bring the loan account current. Each type of Federal studentloan has a unique set of terms and conditions that determine the way interest is treated. This is due to their status as need-based student aid.
College students get Federal studentloan relief until May 2022. The current administration extended a studentloan moratorium that has allowed families to put off debt payments during the pandemic. Payments on Federal studentloans will be paused through May 1, 2022.
Three major Biden administrationstudentloan relief programs are on track to end during the month of September. The benefits of these programs have had far-reaching effects, and their conclusion will impact studentloan forgiveness, repayment, collections, and credit reporting for millions.
It relates to violations of the “ability-to-benefit” test regulations that govern eligibility to receive federal student aid for students without a high school diploma or GED equivalent. A 2023 ED investigation found that Florida Career College routinely broke the rules governing how schools can administer ATB tests.
Limited in ways to grow revenue such as offering new programs or recruiting more foreign students while approaching a “demographic cliff” in the population of college-age people, all but the most elite colleges need to cut costs and lower tuition to remain viable. The ratio between faculty and administrators has shrunk.
The recent cancellation of critical postsecondary studies conducted by the Institute of Education Sciences (IES) will have dire effects on our understanding of the realities of todays college students especially those who are veterans, parents, working, or first-generation. No other sources are as robust in this regard.
Facing a national shortage of early childhood educators , the Community College of Vermont (CCV) and the Southwestern Vermont Medical Center (SVMC) have teamed up for an innovative solution: paying students to reduce their hours at their jobs in favor of taking more classes. CCV and SVMC anticipate funding 8-10 applicants.
The Institute for College Access and Success (TICAS) has released its latest policy recommendations to make postsecondary education affordable and completable for all students. “It Can students get childcare, or food? Because you can’t have student success without those things.” Can they have healthcare?
The Department of Education has notified studentloan borrowers about potential options for full or partial debt relief after a federal appeals court blocked key aspects of the Biden Administration’s SAVE plan.
Hundreds of thousands of borrowers could be eligible for studentloan forgiveness under a program designed to offer relief to those defrauded by their schools.
The Master of Business Administration (MBA) degree is the pinnacle of business qualifications for students dreaming of becoming captains of industry. its no wonder international students want to attend American business schools in record numbers. With a median $125,000 starting salary for MBA graduates in the U.S.,
It is evident that the low African American male student graduation rates at a predominantly Black institution in the northeastern United States continue to be a concern for higher education administrators. There are serious inequities among students who graduate from colleges. Not dropout rates.
According to the report, first-time enrollment in this context refers to the number of students enrolled for the first time in graduate certificate, education specialist, master’s, or doctoral programs for the fall term. citizens and permanent residents – domestic students – first-time graduate enrollment in general declined by 4%.
Specifically, the school was alleged to have prolonged how long it would take for students to complete the second phase of the program, a final “capstone” research and writing project. Reverse redlining [there was that] we alleged Walden was pushing harmful practices to women and Black students.
Up until this point, students are typically learning to read, but after the third grade, they are generally expected to be reading to learn. The implications of this educational gap are profound, as it greatly impacts a student's ability to comprehend and master content in the following years of schooling.
More than one out of every eight students experiences rape or sexual assault , and one-in-five female students reports receiving assistance from a victim-services agency. Yet, there is only one administrator and one office on a campus that have the global view and authority over these many disparate functions: the university president.
In November 2022, the Department of Education published final rules that will change regulations governing a variety of federal studentloan cancellation programs as well as how interest impacts studentloan burdens. The new rules will go into effect on July 1, 2023. . Across the board, these rules are a huge improvement.
Secretary of Education Miguel Cardona confirmed that nearly 74,000 more borrowers will receive debt relief as part of the administration’s commitment to fixing the studentloan system. For more information, click here.
For students navigating newfound independence, financial understanding can mean the difference between thriving in college and struggling to stay afloat. It’s about empowering students to make informed decisions about their money and setting them up for long-term success.
In… More » SoFi Sues to End StudentLoan Payment Pause The post SoFi Sues to End StudentLoan Payment Pause first appeared on College Aid Services. In… More » SoFi Sues to End StudentLoan Payment Pause The post SoFi Sues to End StudentLoan Payment Pause first appeared on College Aid Services.
Earlier this month, millions of students nationwide made the life-changing decision to attend college. For these students and their families, enrolling in school is the culmination of years of hard work and determination, and these students have much to celebrate. Leaders in Congress have taken note. For one thing, the U.S.
Key Takeaways: Federal studentloans have become highly political in recent years, leaving borrowers to ride the emotional rollercoaster of navigating big changes with confusing guidance — alongside a slew of promises and legal challenges.
The recent Supreme Court cases about higher ed may have played a role as well, with the case about race-conscious admissions putting a focus on colleges’ role in societal inequality and the case about President Joe Biden’s studentloan forgiveness plan highlighting the cost.
SAVE, which stands for Saving on a Valuable Education, is a new income-driven repayment (IDR) plan that the administration has been touting as the most favorable plan ever created.
This means it’s more important than ever before that institutions ensure each student graduates in scalable and financially sustainable ways. Our mission at Civitas Learning is to empower higher education institutions to help students get through school as efficiently and effectively as possible.
Over 26 million Americans have either applied for student debt cancellation or received notice that they will be approved for cancellation if they do not opt out since the application opened in mid-October. That’s roughly 1 in every 10 American adults. What is going on in the courts? .
On June 14, 2023, the Federal Trade Commission (FTC) announced that it settled a lawsuit against Arete Financial Group (Arete Financial) for operating an illegal student debt relief scheme and that it will send checks totalling $3.3 If you have any other questions, you can call the refund administrator at 855-678-0558.
For students who identify as Hispanic or Latino, there are many scholarships worth exploring. Consider these 20 scholarships for Hispanic and Latino students as a starting point in finding ways to fund your higher education. Plus: Where you can find more scholarships for Latino and Hispanic students. You must have a 3.0
In fact, 51% of Master of Business Administration (MBA) holders have studentloan debt, according to EducationData.org. The average amount of studentloan debt for an MBA holder is $82,439, most of which comes from graduate school. Attending business school can be an expensive proposition.
Federal Student Aid has provided several tools that institutions can utilize until the National StudentLoan Data System (NSLDS) post-screening and identity verification processes are available later this year for 2024-25.
Education Department (ED) in 1979 was to assist students in paying for a post-secondary education. Like corporations that market to consumers, the ED conducts much of its business with its student-consumers over the Internet. There are many clever scams designed to pick the pockets of students who seek funds to pay for college.
And What Borrowers Can Do When Their Servicer Fails Them Federal studentloan borrowers are entering their fourth month of repayment since the end of the payment pause in September 2023. million federal studentloan borrowers during the first month of repayment.
The Social Security Administration reports that one in four Americans will experience a disability before retirement age (i.e., … The post 8 Pros and Cons of Disability Insurance Coverage Explained appeared first on StudentLoan Planner. As a profession, physicians have a lot to lose from a long-lasting disability.
The Social Security Administration estimates that about 25% of today’s 20-year-olds will suffer a long-term disability before retirement. […] The post Average Cost of Physician Disability Insurance: What Impacts Your Premiums? appeared first on StudentLoan Planner.
Blogs 30 Student Success Priorities for the 2020s All my attention over the last two years has been spent studying the future of students and student success as we emerge from the pandemic. Notably, I am monitoring three macro trends that will converge in the mid-2020s and reshape the student success landscape.
Many companies — from small businesses to major corporations — offer scholarships and grants to college students. To give you a head start, we identified 25 major companies that give scholarships to college students. To apply, students must submit a video essay, transcript and completed application. AstraZeneca. Burger King.
Blogs 30 Student Success Priorities for the 2020s All my attention over the last two years has been spent studying the future of students and student success as we emerge from the pandemic. Notably, I am monitoring three macro trends that will converge in the mid-2020s and reshape the student success landscape.
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