The article reports on the first federally guaranteed student loan asset-backed commercial paper conduit program jointly established by the U.S. Department of Education, the Treasury Department and the Office of Management and Budget. The program, which was named Straight-A Funding, will receive ...
At the request of President Joe Biden, the Department of Education on Thursday extended the already nearly yearlong pause on student loan payments through September, allowing the new administration to begin delivering on its campaign promise to prioritize and begin addressing the more than $1.5 ...
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The Department of Education extended its contract with student loan servicer Navient, according to data obtained on a federal procurement website. Here's what that means for borrowers. (iStock) Student loan servicer Navient extended its federal contract with the Department of Education through 202...
The Biden administration’s Saving on a Valuable Education Plan is an income-based student loan repayment plan that provides full loan forgiveness in certain cases. Read the full story Senate Bill Would Ban Student Loan Forgiveness for Protestors Convicted of a Crime May 9, 2024 The Center Squa...
For the commercial lender, things change dramatically. Instead of receiving a monthly payment from the borrower, they receive a lump sum from the Department of Education, paying off the loan in full. In other words, they stop profiting from the debt. ...
"These programs over-promise, underdeliver and load vulnerable students up with way too much debt," said Chris Lindstrom, higher education program director at the U. S. Public Interest Research Group, part of a coalition of education, consumer, student and public interest groups supporting the ...
President-elect Donald Trump is proposing sweeping education changes like eliminating the Department of Education and cutting back loan forgiveness programs ahead of taking office in January. The Washington Post education writer Laura Meckler joins "The Daily Report" to discuss his plans and the likelih...
aspects of the process through interactive tools such as a Public Service Loan Forgiveness online help tool and a Loan Simulator, which Megan Coval, vice president of policy and federal regulations for the National Association of Student Financial Aid Administrators, called “a victory for students....