it plays a much larger role in financing higher education. Managing approximately$1.5 trillion in student loan debtfor over 40 million borrowers, the Education Department represents one of the largest holders of consumer debt in the country. ...
Randal Hall, the seven states that sued the Biden administration have established a valid case that’s likely to prove the Department of Education lacks the constitutional authority to implement the student loan cancellation proposal. Read the full story Tim Walz Signed a Law Creating ‘Ethnic ...
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Title IV of the HEA directs the Secretary of the Department of Education to implement various federal student financial aid programs. The Perkins Loan Program is one such program, designed to assist institutions of higher education in financing low-interest loans to financially needy students.See20...
Obama administration to forgive the federal loan debt of Corinthian students, who lawsuits allege were misled into enrolling in the school — a largely unprecedented step that the Department of Education has so far resisted, in part because it couldcost the government hundreds of millions of ...