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Study Finds that Promise Program Still Leaves Racial Gaps

Diverse: Issues in Higher Education

Founded in 2005, KPromise gives graduates of the Kalamazoo Public School District scholarships that pay for up to 100% of tuition and fees at any public college or university in Michigan and to 15 private schools. He noted that these kinds of supports are all quite expensive, however, and described them as unlikely to happen anytime soon.

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A Major Flaw in the IDR Account Adjustment: Excluding Time in Default

NCLC Student Loan Borrower Assistance

By Kyra Taylor , National Consumer Law Center and Winston Berkman-Breen , Student Borrower Protection Center This blog is the third post in a three part series about the IDR Account Adjustment and the continued flexibilities available to borrowers seeking Public Service Loan Forgiveness. Did you default on your federal student loans?

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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.

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From College to Careers: The Pell Institute Receives $748,000 Ascendium Grant to Explore Career Development within TRIO Programs

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that help learners from low-income backgrounds achieve upward mobility; provide student and employee success solutions to colleges and businesses; invest in education-focused innovations to improve learner outcomes; and provide information, tools and counseling to help millions of borrowers successfully repay their federal student loans.

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The Department is Automatically Canceling the Loans of Some Borrowers Who Attended Predatory Schools: What Borrowers Need To Know

NCLC Student Loan Borrower Assistance

Over the last few months, the Department of Education has made a number of groundbreaking announcements that will provide debt relief to millions of people with student loans. ITT : Students who attended in 2005 through its closure in 2016. Marinello : Students who attended between 2009 through its closure in 2016.

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First Set of Draft Rules to Provide Debt Relief Released

Diverse: Issues in Higher Education

The Biden-Harris Administration released its first set of draft rules that propose to provide student debt relief for tens of millions of borrowers across the country. Student loan forgiveness isn't only about relief for today's borrowers,” said U.S. Secretary of Education Dr. Miguel A.

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The Latest Student Debt Relief Announcements (Part 3): Share Your Thoughts on the New Debt Relief Plan

NCLC Student Loan Borrower Assistance

This includes borrowers who entered repayment on or before July 1, 2005 (or July 1, 2000 for those who borrowed for graduate school) and borrowers who are eligible for existing loan cancellation programs but who have been blocked by red tape. These borrowers would not have their full debt canceled, but their debt would be reduced.