A look at student loan forgiveness proposals for parental borrowers
INSIDE HIGHER ED — Growing up in a small town near Trenton, N.J., Ewan Johnson said there were birthdays when his mother couldn’t afford to buy presents for him and his sister. There were times when she worked overtime in her job helping people with disabilities. “Going to college was literally my only way out,” Johnson says.
Read More about A look at student loan forgiveness proposals for parental borrowersEducation Department nominee Miguel Cardona looks to prioritize student loan forgiveness
CBS NEWS — Miguel Cardona, President Joe Biden’s nominee to lead the Department of Education, said he would support student loan forgiveness if confirmed, but gave little indication of what student debt relief might look like in practice. Last year federal student loan debt reached an all-time high.
Read More about Education Department nominee Miguel Cardona looks to prioritize student loan forgivenessA look at Notre Dame Law’s Loan Repayment Assistance Program for graduates
UNIVERSITY OF NOTRE DAME LAW SCHOOL — The Law School’s Loan Repayment Assistance Program allows Carlos Cisneros-Vilchis to continue serving the agricultural community, a path he discovered while at ND Law. “It is fantastic to know that I have assistance through Notre Dame Law School’s Loan Repayment Assistance Program.”
Read More about A look at Notre Dame Law’s Loan Repayment Assistance Program for graduatesBiden Administration extends break on repaying student loans
INSIDE HIGHER ED — The Education Department said Wednesday night that at President Joe Biden’s request, it is continuing to give student loan borrowers a break from making their monthly payments for another nine months, until Sept. 30. The department’s student aid website was also updated to reflect the pause had been extended.
Read More about Biden Administration extends break on repaying student loansPresident-elect Biden promises to extend pause on student loan payments
INSIDE HIGHER ED — As expected, President-elect Joe Biden will, upon taking office Jan. 20, instruct the Education Department to continue the pause excusing student loan borrowers from making payments, a top economic adviser in the incoming administration said.
Read More about President-elect Biden promises to extend pause on student loan paymentsCongress considers bill to include student loan debt in bankruptcy reform
CBS NEWS — Student loan borrowers crushed by five- and six-figure balances could have their payments forgiven under a bill introduced by federal lawmakers this week that would expand the nation’s bankruptcy laws. If passed, the Consumer Bankruptcy Reform Act of 2020 would create a new Chapter 10 provision in the U.S. bankruptcy code.
Read More about Congress considers bill to include student loan debt in bankruptcy reformLaw School Survey of Student Engagement report looks at changes in legal education over the last 15 years
INSIDE HIGHER ED — The Law School Survey of Student Engagement, released Tuesday, chronicles changes in law education in the United States from 2004 to 2019. While law education has become more diverse in terms of race and ethnicity, those gains have been unequal. The report also details ballooning debt burdens for law students.
Read More about Law School Survey of Student Engagement report looks at changes in legal education over the last 15 yearsDepartment of Education cuts result in staff reductions in student loan servicing
INSIDE HIGHER ED — The Education Department said that “with payments now suspended for millions of borrowers, we understand that servicers have reduced their staffing numbers. However, when repayment begins and servicers must resume their normal servicing activities, we are confident that they will return to pre-COVID staffing levels.”
Read More about Department of Education cuts result in staff reductions in student loan servicingSurvey: Rising student debt delays careers and plans for recent law school graduates
ABA JOURNAL — According to the YLD survey of 1,084 attorneys, whose median age was 32, the costs of legal education are skyrocketing. Participating attorneys reported carrying a median cumulative student debt of $160,000, with roughly 40% stating that their debt load is higher now than when they graduated from law school.
Read More about Survey: Rising student debt delays careers and plans for recent law school graduatesColleges seek extension of federal student loan payment break for students
INSIDE HIGHER ED — With federal student loan borrowers facing having to resume paying back their debt again, associations representing the nation’s colleges and universities and financial aid administrators are asking Education Secretary Betsy DeVos to extend the break from making repayments another year.
Read More about Colleges seek extension of federal student loan payment break for students