College trains faculty and staff on information about loan forgiveness
INSIDE HIGHER ED — The Wisconsin Department of Financial Institutions has been working since last August to make sure eligible state residents and employees know how to get their student loans forgiven. State officials estimate that between 750,000 and 800,000 Wisconsin residents have student loan debt, which collectively totals $24.2 billion.
Read More about College trains faculty and staff on information about loan forgivenessWhite House to extend federal student loan payment pause to the end of August
ABC NEWS –President Joe Biden on Wednesday announced an extension of the payment pause on federal student loans through Aug. 31. The moratorium on student loan payments was previously set to expire on May 1. “I know folks were hit hard by this pandemic. And we’ve come a long way in the last year. We’re still recovering…
Read More about White House to extend federal student loan payment pause to the end of AugustWhite House to remove defaults for federal student loan borrowers
POLITICO — The Biden administration on Wednesday moved to expunge the defaults of millions of federal student loan borrowers who fell behind on payments before the pandemic, as the White House formally unveiled a four-month extension of the pause on monthly loan payments and interest.
Read More about White House to remove defaults for federal student loan borrowersHow the federal student loan payment pause has helped Black women
THE PHILADELPHIA TRIBUNE — For millions of Americans who took out loans to pay for college, the past two years have offered a chance to live without the burden of their education debt. The pause on federal student loan payments introduced and extended during the pandemic meant borrowers could redirect money – potentially hundreds of…
Read More about How the federal student loan payment pause has helped Black womenUS Department of Education revamps rule requiring for-profit colleges to receive no more than 90 percent of profits from federal student loans
HIGHER ED DIVE — Last week, the Education Department wrapped up months of negotiated rulemaking, a process that requires the agency to convene representatives from across higher education to attempt to reach consensus on new regulatory proposals. The sessions involved talks among more than a dozen representatives for different groups, including nonprofit colleges, for-profit institutions and…
Read More about US Department of Education revamps rule requiring for-profit colleges to receive no more than 90 percent of profits from federal student loansDetails on federal student loan forgiveness qualifications
FORBES — Last week, the Biden administration announced that it had identified 100,000 borrowers who will qualify for $6.2 billion in student loan forgiveness — the latest wave of relief that the administration is providing to distressed borrowers. But the loan forgiveness has been preliminarily approved under a specific program with specific eligibility criteria. Here’s who qualifies. The…
Read More about Details on federal student loan forgiveness qualificationsThousands of borrowers eligible to participate Public Service Loan Forgiveness program amid recent changes
CNN — The Department of Education said Wednesday that it has so far identified 100,000 borrowers who are eligible for student debt cancellation due to the changes the agency made to the Public Service Loan Forgiveness program in October. The cancellations for those people are expected to total about $6.2 billion in federal student debt relief.…
Read More about Thousands of borrowers eligible to participate Public Service Loan Forgiveness program amid recent changesABA approves new law school requirements for loan counseling and cross-cultural competency education
ABA JOURNAL — A package of proposed revisions to the ABA law school accreditation standards, including two focused on diversity, were approved Monday by the ABA House of Delegates at the 2022 ABA Midyear Meeting. Resolution 300, which passed with a 348 to 17 vote, suggested changes to four standards in the 2021-2022 Standards and Rules of…
Read More about ABA approves new law school requirements for loan counseling and cross-cultural competency educationHow prospective law students can take steps to reduce student loan debt
U.S. NEWS & WORLD REPORT — If you have dreamed of becoming a lawyer since childhood, it’s understandable that you might be willing to invest a lot of money in a J.D. degree to pursue that goal. But if you must incur debt in pursuing a legal education, it’s prudent to keep your student loan…
Read More about How prospective law students can take steps to reduce student loan debtFrom Cancelling Student Loans To Student Loan Forgiveness, More Student Loan Relief Could Look Like This
FORBES — President Joe Biden shocked everyone when he extended student loan relief for another 90 days after the Biden administration said there would be no further extensions of temporary student loan forbearance. Now, with the Covid-19 pandemic continuing and pressure from Democrats in Congress to cancel student loans, there could be more student loan relief.…
Read More about From Cancelling Student Loans To Student Loan Forgiveness, More Student Loan Relief Could Look Like This