Remove 2001 Remove Communication Remove Student loans
article thumbnail

The Income-Driven Repayment (IDR) Account Adjustment: Moving Millions of Borrowers Closer to Cancellation

NCLC Student Loan Borrower Assistance

One significant barrier between borrowers and an IDR plan was poor communication: loan servicers failed to tell borrowers that they were eligible to enroll in an IDR plan or provided them with inaccurate information about their repayment status and options. It can convert other types of federal loans into Direct Loans.

article thumbnail

2022: Year in Review

Diverse: Issues in Higher Education

The Biden-Harris administration anticipated that the debt forgiveness would impact 95% of student loan borrowers, or about 43 million people. Simmons, the first Black president of an Ivy League institution, Brown University, which she led from 2001-12, retired as president of Prairie View A&M University after five years.