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Without accurate information, many students apply ( or even commit ) to a college or university without complete information on how much it will cost them to attend. With loans, either the award name doesn’t use the term ‘loan,’ or the loan amount gets lumped in with other forms of aid.
trillionfederal studentloan portfoliofrom the U.S. Beyond the headlines, the proposal represents a deliberate dismantling of the federal student aid infrastructure that has long supported students needing help to pay for college. Its no secret that studentloan servicing needs reform.
The largest share of ED employees work in the federal student aid office, making any disruption potentially catastrophic for institutions that rely on revenue from student charges provided by federal studentloans and Pell Grants.
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