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 ...
The department provides roughly 10% of K-12 funding and enforces federal civil rights in schools. However, 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 th...
Christian Hale
Student loans: Education Department Meets on FFEL Program.Ackerman, Andrew
How student loan restart could impact economy Tens of millions of Americans are expected to resume paying student loans after a three-year pandemic-era pause. CBS News correspondent Carter Evans has more. Plus, Politico education reporter Michael Stratford explains how the Biden administration is atte...
The U.S. Department of Education has agreed to cancel the student loans of around 200,000 people who had brought a class action lawsuit.
"Student loan interest will resume starting on September 1, 2023, and payments will be due starting in October," the Department of Educationtold multiple outletsthis week. "We will notify borrowers well before payments restart." If you have private student loans, these do not fall under the ...
EL PASO, Texas — President Donald Trump is contemplating the elimination of the Department of Education as part of efforts to reduce government spending. While
Effective July 1 last year, the US Department of Education, which began making student loans under the Federal Family Education Loan Program in 1994, assumed 100% of them. Under the 1965 federal student loan program, the rate of interest charged by banks and other private sector lenders was ...
The Department of Education (DOE) on Wednesday announced the forgiveness of another $4.5 billion in student loans for over 200,000 borrowers at Ashford University, in one of the department’s final moves of the Biden administration. President Joe Biden and his administration have attempted to clea...