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.
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.
U.S. colleges and universities are announcing inflation-related tuition increases while voicing concern about the impact on students and their families.
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.
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.
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.
President Joe Biden this week reiterated his support for writing off up to $10,000 in federal student loan debt for individual borrowers but said he will not pursue the $50,000 threshold being urged by some legislators and advocates.
Colleges and universities wondering what a new administration and unified Congress could mean saw clear signals this week as President-Elect Joe Biden proposed a new infusion of support for higher ed and aides spoke of cancelling student loan debt.
The U.S. Department of Education for the first time has released data on the amount of Parent PLUS loan debt parents shoulder for their children to attend specific colleges and universities.
The billionaire—who made headlines last year for clearing the student debt of 400 Morehouse graduates—now hopes to help thousands of students at historically Black colleges and universities bypass high-interest, fixed-payment private loans.
Whether they’re graduating this spring, preparing for a summer program, or just starting their legal education, students at the nation’s law schools are facing unique challenges and an uncertain future in light of the coronavirus pandemic.
In an unprecedented effort to provide relief during the COVID-19 pandemic, the Department of Education will automatically halt interest collection on all federal student loans until further notice.