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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.
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.)
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.
This week, the Senate Republicans on the Committee on Health, Education, Labor, and Pensions (HELP) released a draft reconciliation bill that, if enacted, will have substantial impacts for millions of current and future federal studentloan borrowers.
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.
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.
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. Jayapal highlighted the legislation's focus on addressing educational inequity. history."
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.
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 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.
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.)
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.
Federal Direct Loans are government-backed financial aid options provided by the U.S. Education Department (ED) to help students afford the costs of higher education. While the loans are designed to ease educational expenses during college years, many graduates struggle to manage their debt after college.
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.
Title III consists of Subtitles A through G covering different aspects of changes to education policy. In this post, we focus on Subtitle A, Student Eligibility , Subtitle B, Loan Limits , and Subtitle D, Pell Grants. Reactions of Policymakers The reaction of policymakers has varied as expected across the political spectrum.
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.
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.
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.
So, if you find you can't afford college without some amount of loans, it’s important to consider how much you borrow because you’ll have to pay it back later, with interest. Think of studentloans as a double-edged sword. Federal StudentLoans Federal studentloans are usually the best place to start when borrowing for college.
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.
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.
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.
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.
The Education Department is in the process of processing hundreds of thousands of studentloan forgiveness applications for borrowers who have committed to careers serving their community or the public. And many more borrowers may qualify for relief in the coming months.
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.
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.
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.
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.
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.
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.
Aidvantage is the federal loan servicing unit of Maximus Education. In December 2021, it began servicing loans owned by the Department of Education that were previously serviced by Navient. In surveys we’ve conducted with studentloan borrowers, […].
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?
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.
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.
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.
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