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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. Secretary of Education Linda McMahon in the announcement.
Department of Education, teachers, students and union leaders are planning to rally Wednesday against recent actions by Elon Musk's Elon Musk Department of Government Efficiency (DOGE) that they say threaten both educational research and student privacy. In a mounting crisis at the U.S.
Cheryl Holcomb-McCoy What happens when we strip education of its resources, devalue its professionals, and politicize its purpose? Were finding out in real-time, and nowhere are the consequences more alarming than in our efforts to diversify the educator workforce. America is undergoing a calculated retreat in federal education policy.
Originally established to exclude certain populations of students, legacy admissions provides a significant boost to children of ultrawealthy families who apply to elite institutions. Legacy admissions has an even more corrosive influence: It widens equity gaps in higher education.
The Relieving Economic Strain to Enhance American Resilience & Competitiveness in Higher Education & Research (RESEARCHER) Act would require federal research agencies to implement policies addressing financial instability among these early-career scientists, who are crucial to maintaining U.S. and Jerry Moran (R-Kan.)
It’s been an incredibly challenging and chaotic year in studentloan space,” said Persis Yu, deputy executive director and managing counsel at the Student Borrower Protection Center, a nonprofit organization working to eliminate student debt. The debt burden is not distributed equally among students.
Department of Education has announced that collections on defaulted federal studentloans will resume on May 5, 2025, ending a pause that began in March 2020 due to the COVID-19 pandemic.
Nearly a third of borrowers whose federal studentloans entered repayment in October 2023, following the COVID-19 pandemic extended pause, are past due on the payments, according to a newly released report from the U.S. The above pie chart shows the number of federal studentloan borrowers in repayment by status, as of Jan.
The burden of studentloan debt limits future finances of graduates of historically Black colleges and universities (HBCUs). As such, college education is not fulfilling the promise of being a great equalizer and closing wealth gaps, according to a recent report.
A new National Consumer Law Center (NCLC) report analyzes a Unified Servicing and Data Solution (USDS) contract, set to go live in the spring, and its potential impact on studentloan borrowers’ rights and experiences. Alpha Taylor The U.S.
The recent cancel lation of critical grants and contracts at the Institute for Education Sciences (IES) jeopardizes the future of congressionally mandated and statistically robust surveys on postsecondary education experiences and outcomes. Only 42% reported receiving financial support from their parents for their educational expenses.
New Mexico's Higher Education Department has announced that it is accepting applications for a program that will provide up to 100 percent studentloan forgiveness for New Mexico residents who graduated from one of the 23 out-of-state professional and graduate programs. Michelle Lujan Grisham has approved $2.2
Having studentloans is associated with worse health outcomes and practices, according to a new study published in the Journal of American College Health. universities, looking to see whether there was a relationship between studentloan presence and the health of students.
Federal Student Aid has provided guidance on how borrowers who made federal studentloan payments in 2024 should report this information to the IRS for the upcoming tax year.
But at the highest levels of power, where decisions about studentloan policy are made, race is barely discussed at all. The focus on “all students” was typical. And Dr. Sosanya Jones, associate professor at Howard University’s School of Education and another author of the study, pointed to comfort as a factor.
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.
Department of Education. While such a move would require congressional approval, discussions have already begun about shifting its responsibilitiesincluding the management of federal student loansto other agencies. Federal StudentLoans Would.
If a former student is past due on a Federal studentloan, there is an obvious way to bring the loan account current. Department of Education (ED); Deferment and Forbearance. Each type of Federal studentloan has a unique set of terms and conditions that determine the way interest is treated.
Technology enables us to break the barriers of time and space to deliver quality instruction directly to students, when and where they prefer. New models are emerging that place students at the center of all we do. We’re rethinking financial aid and studentloans in new and innovative ways.
Among graduates who borrowed money to finance their education, three-quarters expressed confidence in their ability to repay studentloans. Those who completed internships were more likely to find employment in their field and report feeling "very successful" after graduation.
Department of Education (ED) is now discharging studentloans of borrowers alleging they were defrauded by their colleges after a federal judge recently ruled that a $6 billion settlement could proceed, The Washington Post reported. The judge of the case, U.S.
It explores young lawyers’ experiences with the COVID-19 studentloan repayment pause, their plans in the event of loan forgiveness, their satisfaction with loan servicers, and their mindsets regarding work-life balance. The data were analyzed by staff at AccessLex Institute’s Center for Legal Education Excellence.
A proposed federal financial aid policy could change the lives of postsecondary students, particularly Black and Latinx students, by allowing them to spend less out-of-pocket for their degrees and prevent the accumulation of student debt, which remains financially crippling for many graduates.
In January, we shared that the Department of Education had added important new information to studentaid.gov showing borrowers their progress toward being debt-free through Income-Driven Repayment (IDR) plans. The post Screenshot Your IDR Progress Today appeared first on StudentLoan Borrowers Assistance. Share your story.
Borrowers Have More Time to Consolidate Loans to Benefit from the Adjustment By: Federal Student Aid Chief Operating Officer Richard Cordray Since this summer, the U.S. Department of Education (Department) has approved almost $44 billion in debt relief for more than 900,000 borrowers as part of the payment count adjustment.
In its latest report regarding higher education’s return on investment (ROI), Georgetown University’s Center for Education and the Workforce (CEW) has analyzed 186 law schools and found at nearly one-in-five law schools, graduates’ net take-home pay after studentloan payments averages at $55,000.
Department of Education (ED) Office of Federal Student Aid. Richard Cordray “We are grateful for Rich Cordray’s three years of service, in which he accomplished more transformational changes to the student aid system than any of his predecessors,” said U.S. Secretary of Education Dr. Miguel A.
The first month of repayment following the end of the studentloan pause has been a bit of a mess. Hundreds of thousands of borrowers have had their studentloan payments miscalculated by their loan servicers, according to reports from The Washington Post and The New York Times.
Tina Smith, D-Minn, and Chuck Grassley R-Iowa, have reintroduced three bills to help students and families make informed decisions about borrowing for college. Tina Smith The bills aim to make sure that students are informed and educated about college search and selection, loans, and financial aid.
The FUTURE Act made it possible for a borrower to share their income automatically with their studentloan servicer for the purposes of recertifying their income driven repayment (IDR). However, this requires an individual’s consent.
The deadline to apply to consolidate many older federal studentloans to be included in the one-time payment count adjustment is Tuesday, April 30th. Do I need to consolidate my loans to get additional credit toward debt relief? I have loans I need to consolidate – what do I do next?
As 40 million studentloan borrowers return to repayment this month following the three-year Covid forbearance, one group of borrowers is facing particularly dire circumstances: parent borrowers. Parent PLUS loans are federal loans issued to parents for the benefit of a child’s undergraduate education.
Education beyond high school should be a ticket to the middle class — and across our Nation, more than 500 Hispanic-Serving Institutions have helped to make that promise real, opening the doors of opportunity a bit wider for generations of Hispanic college students.
Department of Education This spring, Federal Student Aid (FSA) will begin improving how individual borrowers manage and repay their federal studentloans.
The impact can be financially catastrophic, given the rising cost of education, housing, and the general increase of costs in cities where colleges are located. “For trillion studentloan debt. trillion studentloan debt. Yet, there are solutions that Congress and Bottom Line can make happen, Colón said. “As
If you’re readjusting to making monthly federal studentloan payments again, you might consider getting on a new repayment plan. You can change your studentloan repayment plan whenever you want, at no cost to you. This benefit is typically reserved for studentloan borrowers with federal loans from the U.S.
Reformers have hailed the change as a critical step towards enabling people in prison to experience the myriad benefits of higher education. But a new report has revealed that an important segment of this population may be largely left out: those who already have studentloans. You’re more likely to find gainful employment. “I
Department of Educations Office of Postsecondary Education announced its intention to establish a Negotiated Rulemaking Committee entitled StudentLoans and Affordability Committee to prepare proposed regulations for federal student aid programs authorized under Title IV of the Higher Education Act.
Creating awareness Financial literacy among college-going students has been a concern among many experts. A lack of knowledge of interest rates, studentloans, credit scores, and budgeting can result in unnecessary debt or studentloan default.
Aidvantage is a federal studentloan servicer that’s designated by the Department of Education. As a federal loan borrower, you might be working with the company while paying off your studentloan.
Public Service Loan Forgiveness (PSLF) is one of the most popular federal studentloan forgiveness programs, and it has been in the news a lot during the last two years. As… The post 3 New Pathways To StudentLoan Forgiveness Through PSLF Under New Rules appeared first on StudentLoan Planner.
As CEO of the nonprofit American Association of University Women (AAUW), she serves as a thought leader on issues ranging from the pay gap to equity in STEM to studentloan debt. Blackwell continues nearly two decades of leadership activity at AAUW, shepherding fellowships and grants programs.
On December 20, 2024, the Department of Education announced that it is temporarily pausing the processing of Total and Permanent Disability (TPD) discharge applications. To cancel loans under the TPD program, the borrower must be totally and permanently disabled and unable to engage in any substantial gainful employment activity.
Update about federal studentloan servicing The U.S. Department of Education, including its office of Federal Student Aid (FSA), is constantly working to improve the studentloan borrower experience.
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