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.
Topics: Student loans
Inflation spurs tuition hikes, as student loan interest rates set to increase
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 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.
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.
Loan forgiveness: Biden says $50K is too much, signals next steps
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.
Biden to propose $35B more aid for higher ed, pursue debt cancellation
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.
How much do parents borrow for their children’s college education?
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.
Robert F. Smith initiative aims to ease HBCU students’ debt burden
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.
What’s ahead for law students unable to take the bar or attend summer jobs?
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.
Administration temporarily halts federal student loan interest
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.
A fix for the Public Service Loan Forgiveness program?
The U.S. Department of Education is simplifying the Public Service Loan Forgiveness program’s application process, amid frustration from the thousands of borrowers who took up careers in public service and later had their requests rejected.