Tax break for employer-paid student loan payments draws mixed reaction
INSIDE HIGHER ED — The $2.2 trillion stimulus bill Congress is set to pass includes a one-time tax break this year for annual employer contributions of up to $5,250 toward their employees’ student loan debt. The provision is drawing both praise and criticism.
Read More about Tax break for employer-paid student loan payments draws mixed reactionCongress looks at student loan help as part of economic stimulus package
INSIDE HIGHER ED — The advocates suggest measures such as allowing students to defer loan payments. And indeed, Senate Democrats propose the federal government go further and cover student loan payments for financially distressed borrowers.
Read More about Congress looks at student loan help as part of economic stimulus packagePenn Law student Valerie Snow receives Independence Foundation Public Interest Law Fellowship for work in elderly rights
UNIVERSITY OF PENNSYLVANIA CAREY LAW SCHOOL — Upon graduation from the University of Pennsylvania Carey Law School, Valerie Snow L’20 will spend two years at Philadelphia’s SeniorLAW Center advocating for the rights of low-income seniors, especially regarding guardianship, thanks to a prestigious Independence Foundation Public Interest Law Fellowship. Snow’s fellowship project at the SeniorLAW Center will address…
Read More about Penn Law student Valerie Snow receives Independence Foundation Public Interest Law Fellowship for work in elderly rightsU.S. Department of Education Title IX changes may complicate Higher Education Act reauthorization efforts
INSIDE HIGHER ED — Any deal to update the law governing federal student aid would have to overcome concerns about the highly charged new rule U.S. Education Secretary Betsy DeVos is about to release on what colleges are required do about allegations of sexual assault or harassment on campuses. That was the message from an aide…
Read More about U.S. Department of Education Title IX changes may complicate Higher Education Act reauthorization effortsABA employees are eligible for Public Service Loan Forgiveness
ABA JOURNAL — All full-time employees of the ABA are now eligible for the Public Service Loan Forgiveness Program following a settlement in the association’s lawsuit against the U.S. Department of Education. As a result of that determination, full-time employees with outstanding direct federal loans are eligible for participation, as long as they meet other program…
Read More about ABA employees are eligible for Public Service Loan ForgivenessA look at proposed federal budget cuts in higher education
INSIDE HIGHER ED — President Trump on Monday called for a $5.6 billion, or 7.8 percent, cut in Department of Education funding and reductions for most core funders of academic research, but also proposed a nearly $900 million increase in career and technical education funding that U.S. Education Secretary Betsy DeVos called “perhaps the largest increase in CTE…
Read More about A look at proposed federal budget cuts in higher educationWhite House budget proposal eliminates student loan forgiveness program
CNBC — As student debt continues to climb, President Donald Trump released a budget for 2021 on Monday that would slash many of the programs aimed at helping borrowers. Student loan spending would be cut by $170 billion in Trump’s plan, titled “A Budget for America’s Future.” The cuts include “sensible annual and lifetime loan limits” for graduate…
Read More about White House budget proposal eliminates student loan forgiveness programABA and SoFi host student loan relief scholarship contest
ABA JOURNAL — The ABA’s Young Lawyers Division announced in a Twitter post Sunday that the ABA and SoFi, an online personal finance company, are accepting applications for their new Student Loan Relief Scholarship Contest. Entrants must answer the question, “How would an ABA/SoFi Student Loan Relief Scholarship impact your world?” in 500 words or less…
Read More about ABA and SoFi host student loan relief scholarship contestDepartment of Education provides student loan relief for some disabled U.S. military veterans
INSIDE HIGHER ED — The federal government plans to forgive hundreds of millions of dollars in outstanding loan debt for roughly 25,000 disabled veterans in July. The question of how far the Trump administration should go to forgive the debt of those who are too disabled to work comes after the department has tried to address why…
Read More about Department of Education provides student loan relief for some disabled U.S. military veteransU.S. Department of Education plans to simplify application process for Public Service Loan Forgiveness
INSIDE HIGHER ED — The federal government plans to forgive hundreds of millions of dollars in outstanding loan debt for roughly 25,000 disabled veterans in July. But while consumer and veterans’ groups are applauding the move by the U.S. Department of Education, they also don’t think it goes far enough. They want the department to discharge the student…
Read More about U.S. Department of Education plans to simplify application process for Public Service Loan Forgiveness