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HBCU Advancement Teams: Don't Underestimate the Power of the Individual Donor

Diverse: Issues in Higher Education

Billionaire Robert Smith’s pledge to pay off $35 million in student loan debt for the Morehouse Graduating Class of 2019 was not only transformational and liberating for those directly impacted, but it would also go on to cause a catalytic movement that resulted in several individuals to follow his lead.

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Entrance Counseling for Federal Student Loans – Part 3

College Planners of America

This post is a continuation of the last two that summarized Modules 1 and 2 of the Student Loan Entrance Counseling (SLEC). Module 3, “Federal Student Loans”, is summarized in this post. SLEC ensures that a student understands their rights and responsibilities with Federal loans prior to entering into a loan agreement.

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The Public Service Loan Forgiveness Program

College Planners of America

One of the most popular student financial aid programs managed by the U.S. Education Department (ED) is the Public Service Loan Forgiveness (PSLF) program, and it’s easy to figure out why. The PSLF program was implemented to forgive student loan debt for employees of public service and nonprofit jobs.

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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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Borrowers Can Now See Their Progress Toward Being Student Debt-Free in Income-Driven Repayment Plans

NCLC Student Loan Borrower Assistance

Department of Education announced that federal student loan borrowers can now, for the first time, see how many months of progress they have toward having any remaining balance on their loans cancelled through the Income-Driven Repayment (IDR) plans. You should now see your student aid dashboard.

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Young, Brilliant, and Ready: Preparing Black Males for Postsecondary Opportunities and Transitions

Diverse: Issues in Higher Education

In schools across the nation, there has been a heightened awareness of the need for students to earn postsecondary degrees – as there is substantial evidence that it leads to better labor market outcomes and a higher quality of life. Hines, Fletcher, & Moore, in press, p. 2021; Reeves, 2022; Villavicencio, 2023).

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Good News: More Borrowers Will Soon Be Eligible for Debt Cancellation After 10 Years

NCLC Student Loan Borrower Assistance

Starting in February, borrowers who are enrolled in the Saving on a Valuable Education (SAVE) Plan and who originally took out $12,000 or less in federal student loans will have any remaining balance on their loans canceled after 10 years of qualifying time in repayment. Applying online should take about 10 minutes or less.