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Biden Administration Cancels $4.5 Billion in Student Debt for Former Ashford University Students

Diverse: Issues in Higher Education

Department of Education announced Wednesday a massive student loan discharge affecting 261,000 borrowers who attended Ashford University, following evidence of widespread deceptive practices at the online institution. The discharge covers loans taken out between March 1, 2009, and April 30, 2020.

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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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Single Stop Announces New Features to Help Lift People Out of Poverty

Single Stop

Federal Pell Grants are usually awarded to college or post-secondary students who are in financial need and do not yet have an undergraduate degree, and meet certain family contribution and cost of attendance criteria. Unlike student loans, Federal Pell Grants do not have to be repaid in most cases.

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Partnership and Policy for Academic Advising

The University Innovation Alliance

He helped secure an additional $10 billion to avoid teacher layoffs; the elimination of student loan subsidies to banks; and a $500 million national competition for early learning programs. Secretary of Education. In support of the president's goal for the U.S.

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The Council for Opportunity in Education Names Diane Shust as Its Vice President for Public Policy

COE

From 2009 until 2017, Shust was chief of staff to Representative Jim McDermott (D-WA). She supervised the introduction of bills to reduce student debt, including one adopted by the U.S. Treasury Department as official guidance shielding 50,000 Corinthian College students from owing taxes on forgiven student loan debt.

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Education Department Announces Framework for Student Loan Servicer Accountability

Diverse: Issues in Higher Education

The Biden-Harris Administration has announced a new framework to better hold student loan servicers accountable and protect borrowers from servicer errors. The loan servicing environment has changed drastically since the Department began working with multiple servicers in 2009,” said Federal Student Aid (FSA) COO Richard Cordray.