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In this post, we focus on Subtitle A, Student Eligibility , Subtitle B, Loan Limits , and Subtitle D, Pell Grants. Title III represents a significant overhaul of the studentloan system in a move to improve access, transparency, and accountability in loan programs. In 2025, enrollment rose by 3.2%
Department of Education announced Wednesday a massive studentloan 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.
For the first time in over five years, millions of studentloan borrowers are once again facing monthly payments—and many are unsure where to begin. Since the federal repayment pause began in 2020, the financialaid landscape has undergone a seismic transformation.
The nonpayment rates by institution report is now available on the FSA Data Center and shows the percentage of Direct Loan borrowers who entered repayment since January 2020 and whose federal studentloans were more than 90 days delinquent at the time of the data pull (mid-May 2025).
What are the COVID-19 studentloan relief deadlines for federal debt repayments? You may have heard some studentloan servicers are closing shop — when does that happen? Over next two years: Many federal studentloan servicer contracts due to expire. 30, 2020, but later extended several times until Dec.
This post is a continuation of the last two that summarized Modules 1 and 2 of the StudentLoan Entrance Counseling (SLEC). Module 3, “Federal StudentLoans”, 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.
What We Know About the New FAFSA and FinancialAid Offers As a result of the FAFSA Simplification Act in 2020, the FAFSA has been updated to help millions of students and families maximize their financialaid for college. Families must consent to be able to receive financialaid.
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 studentloans.
Roughly 20% of the 43 million Americans holding federal studentloans are in default. Department of Education announced its Fresh Start initiative, which provides a pathway out of default for borrowers who defaulted on their federal studentloans prior to the pandemic.
One of the most popular studentfinancialaid 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. As is the case with other financialaid programs — the devil’s in the details! Eligible StudentLoans and Payment Plans.
Scholarship awards and financialaid can help ease the financial burden of attending college. For students who identify as Hispanic or Latino, there are many scholarships worth exploring. Consider these 20 scholarships for Hispanic and Latino students as a starting point in finding ways to fund your higher education.
SLM Corporation (commonly known as Sallie Mae; originally the StudentLoan Marketing Association) is a publicly traded U.S. Initially, it was a Federal entity that serviced Federal studentloans. Later, it became a private corporation that made and serviced its own private studentloans.
The Department of Education just let us know they are about to issue a new rule that says “just kidding” on their previous “just kidding” For those of you who might need a refresher, here is where we are so far: The CARES Act is signed into law by the President on March 27, 2020.
About 65% of admissions officers view social media as “fair game” when evaluating potential enrollees, according to a survey performed by Kaplan Test Prep in 2020. And in 2019, Harvard retracted its admission offer to a noteworthy student who had made racist remarks in private chats and Google Docs two years earlier. Data: Kaplan.
2019; Monarrez & Washington, 2020). At a societal level, the United States’ economy depends on a skilled workforce, particularly given the rapidly changing technological landscape. Yet, there are still large disparities in postsecondary degree attainment for Black males (Espinosa et al., 2021; Reeves, 2022; Villavicencio, 2023).
While the Free Application for Federal StudentAid (FAFSA) typically opens for applications on October 1, the application for the 2024-25 school year has been delayed until sometime in December—a delay that could have ripple effects on students, families and scholarship programs. Why is the FAFSA late?
He helped secure an additional $10 billion to avoid teacher layoffs; the elimination of studentloan subsidies to banks; and a $500 million national competition for early learning programs. In support of the president's goal for the U.S.
Millions of Americans lost their jobs after the outbreak of COVID-19 in early 2020. For many, this disrupted their ability to repay their Federal studentloans, so repayments were suspended in March 2020. The end of the pause will affect the millions of Americans who have outstanding balances on Federal studentloans.
Studentloan forgiveness can wipe out part or all of your studentloan debt. The big news on the studentloan forgiveness front is that the federal government plans to forgive up to $10,000 in federally held student debt, or up to $20,000 if you previously received a Pell Grant. ( See more below ).
The Better FAFSA Release Date Pushed Back April 12, 2023 — by Woodrow Lewis COE is working with partner organizations to acquire knowledge to ensure that TRIO professionals receive the most up-to-date information and training on the new FAFSA experience to support our students.
This legislation allows the ED secretary to waive or change regulations related to studentloans during times of war or national emergency such as a pandemic. No borrower will be compelled to accept loan forgiveness and may decline it at their option.
Award Letters are usually sent out in late March or early April, giving students adequate time prior to college enrollment deadlines to choose which school to attend from among those that admitted them. A student’s choice of a college often depends heavily on the amount of financialaid that he or she will receive.
Award Letters are usually sent out in late March or early April, giving students adequate time prior to college enrollment deadlines to choose which school to attend from among those that admitted them. A student’s choice of a college often depends heavily on the amount of financialaid that he or she will receive.
The studentloan debt crisis has been out of control for a long time. So, if you are one of the 42 million Americans who have studentloan debt, you’re understandably watching what President Biden is doing to address this issue. . Should you keep making payments on your studentloans? .
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