Hours after the Supreme Court ended the Biden Administration’s student loan forgiveness plan, President Biden announced plans for a new path to debt relief.
Topics: Student debt
Financial aid shifting from lower-income students to higher-income students, analysis finds
At nearly 700 colleges and universities across the country, net prices have risen more rapidly for the lowest-income students than for their highest-income peers, says The Hechinger Report.
The risks and benefits of institutional holds on course registration
Institutional holds on course registration are one way that colleges prompt students to complete required administrative and financial actions. However, a new survey finds that those holds disproportionately affect students from underrepresented backgrounds.
Federal agency: Withholding college transcripts from students with outstanding debt unlawful
For years, schools that offered direct-to-student loans could withhold transcripts to pressure borrowers to repay those loans. Now, the Consumer Financial Protection Bureau is cracking down.
Biden cancels up to $20,000 in student loan debt for millions of borrowers
President Biden announced the cancellation of up to $10,000 in student debt for borrowers making less than $125,000, and up to $20,000 for those who received Pell Grants.
Pilot program tries a ‘win-win-win’ approach to releasing stranded credits
Northeast Ohio’s eight public colleges and universities are collaborating with Ithaka S+R on a sustainable approach to resolving students’ debt so they can access their transcripts and re-enroll.
Ohio State University plans to go debt-free for all undergrads
Ohio State University, which enrolls more than 40,000 undergraduates, said it will work to eliminate loans from all undergraduate financial aid packages across the next 10 years.
Newly minted vets, dentists facing debt that far exceeds earnings
A Wall Street Journal analysis highlights several kinds of professional degree programs that leave graduates with large debt burdens and relatively modest initial salaries—a threat to the talent pipeline for several essential fields.
Changes ahead for Public Service Loan Forgiveness program
Federal education officials have announced a slate of temporary changes to the troubled federal Public Service Loan Forgiveness program—added flexibility that could benefit more than 550,000 borrowers.
Student debt: Officials extend loan repayment pause, analysis shows growing racial wealth gaps
Federal officials announced a final extension of the temporary pause on student loan repayments, sparking renewed calls for debt cancellation to address racial wealth disparities.
150+ colleges have cleared student balances, with more expected
Colleges and universities from coast to coast are using federal pandemic relief funds to clear student debts for unpaid tuition and fees.
HBCUs clear students’ unpaid balances to lighten debt burden
At least 11 HBCUs have announced decisions to clear some or all of their recent graduates’ outstanding tuition and fee balances.