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Department of Education announced this week that its Office of Federal Student Aid (FSA) will resume collections on defaulted federal studentloans beginning Monday, May 5, 2025, ending a pause that has been in effect since March 2020. The book is scheduled to be released in September 2025.
If a former student is past due on a Federal studentloan, there is an obvious way to bring the loan account current. Each type of Federal studentloan has a unique set of terms and conditions that determine the way interest is treated. This is due to their status as need-based student aid.
But, due to recent changes in the form, this year’s FAFSA for the 2025-2026 school year will be available starting December 1st. The name you use must exactly match the one on file with the Social Security Administration. Filing the FAFSA 101: In the past, the FAFSA was available in the fall. Miss one and you could miss out.
Title III of the legislation contains the Committee on Education and Workforce’s proposed changes to the Department of Education’s (ED) student aid programs, including Pell Grants, studentloans, and the aid eligibility formula. 1 was designed to rectify the government’s convoluted studentloan system and save $351 billion.
Department of Educations efforts to reduce studentloan burdens through the new SAVE repayment plan. In this post, we explain where things stand as of March 20, 2025 in the SAVE litigation. In Part 2, we break down exactly what the recent court orders mean for studentloan borrowers.
On January 16, 2025, the U.S. Department of Education announced that federal studentloan 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. Previously, only 50 (!)
Department of Educations efforts to reduce studentloan burdens through the new SAVE repayment plan. As a result, borrowers options to manage their loans have changed repeatedly and often quite suddenly. This has been frustrating and confusing for people trying to manage their loans.
Biden-Harris Administration Proposes 9% Increase for TRIO in FY24 March 10, 2023 — by Maureen Hoyler This proposal asks Congress to provide a $107 million (or 9%) funding increase for TRIO, for a total proposed appropriation of $1.3 billion in FY24. billion in FY24. million, respectively.
Due to the budget limits outlined in the Fiscal Responsibility Act (the debt limit deal), the Administration requested minimal increases across the government. The Administration also urges Congress to consider increasing the stipends offered in Upward Bound and McNair. (It Department of Education here.)
On April 8, President Biden released the details of his new studentloan debt forgiveness plan. Although the new regulations aren’t expected to fully take effect until July, 2025, the ED is considering taking action to expedite parts of the plan. Department of Education (ED).
On April 8, President Biden released the details of his new studentloan debt forgiveness plan. Although the new regulations aren’t expected to fully take effect until July, 2025, the ED is considering taking action to expedite parts of the plan. Department of Education (ED).
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 ).
When combined with mandatory funding, the agreement continues to support a total maximum Pell Grant award of $7,395 for the 2024-2025 award year. Similarly, GEAR UP received level funding at $388 million. Congress continued funding the Federal Work-Study program at $1.2
Congress Suspends Debt Ceiling and Sets Spending Caps June 7, 2023 — by Diane Shust We must demonstrate to them the successes of our students, the needs of our programs, and the worth of increasing funding for Federal TRIO Programs. Specifically, the law allows for an increase of 3.3%
The Senate Appropriations Committee passed its version of the Labor, Health and Human Services, and Education (LHHS) funding bill for Fiscal Year 2025 – which funds the Federal TRIO Programs – this morning. The LHHS bill includes a $20 million increase over the FY24 budget for TRIO.
She stated firmly, “We are asking for a $68 million increase for TRIO for FY25, which will fund our work in Program Year 2025-2026.” She stated firmly, “We are asking for a $68 million increase for TRIO for FY25, which will fund our work in Program Year 2025-2026.”
The Subcommittee released its legislative text for the Fiscal Year 2025 (FY25) markup on Wednesday, June 26. The House Appropriations Subcommittee on Labor, Health and Human Services, and Education (LHHS) , which writes the funding bill for the Federal TRIO Programs , will meet for its markup on Thursday, June 27.
The panelists also highlighted the impact of Project 2025 and the potential shift of federal loan programs to the Treasury Department, which could change loan processes, interest rates, and repayment structures. Lynn warned that the U.S.
Note that the government has paused all repayment on federally held studentloans through the end of 2022, with no interest to be charged during that period and no loans to be held delinquent or in default. * * *. Why real studentloan forgiveness can take a while.
The Biden-Harris administration is proposing new steps to crack down on “hidden junk fees” to lower costs saddled on college students and families and make higher education more affordable. The proposed fixes, announced March 15, target fees imposed during the college or graduate school experience — some are imposed multiple times.
This week, the Department of Education announced that it plans to begin forced collection on federal studentloans that are in default as soon as May 5, 2025. million people have federal studentloans in default, and another 4 million are at risk of defaulting later this year. As of now, 5.3
Derrick Johnson, President of NAACP A coalition of education advocacy organizations filed a lawsuit Monday challenging the Trump administration's actions to dismantle the U.S. Department of Education, calling the moves unconstitutional and harmful to millions of students nationwide.
More Than 10,000 TRIO Alumni Urge Congress to Protect Federal TRIO Programs June 3, 2025 by Terrance L. The Trump Administrations claim that access is no longer an obstacle for low-income students is flatly contradicted by data and by the lived experience of more than 6 million TRIO alumni.
As the year winds down, undergraduate and graduate students, faculty, staff and administration are left to wonder what comes next in higher education. He explained that many campus administrators are self-imposing various versions of DEI rollbacks even when not legislatively mandated. Enrollment will begin in fall 2025.
Building a Strong Foundation for TRIO in the 119th Congress January 17, 2025 by Owen Toomey The 119th Congress has begun, with TRIO advocates urged to engage new Members, build bipartisan support, and prioritize outreach to protect TRIO programs amidst upcoming fiscal challenges. The 119th Congress officially began at noon on January 3.
Council for Opportunity in Education Condemns President Trumps Proposal to Eliminate Federal TRIO Programs May 2, 2025 by Terrance L. This proposal is a direct attack on students who dare to dream of college in the face of adversity, said Kimberly Jones , President of the Council for Opportunity in Education.
Trump Administration Reverses Federal Grant Funding Freeze Amid Legal Challenges January 30, 2025 by Kimberly Jones The White House located at 1600 Pennsylvania Avenue in Washington, D.C. Increase for TRIO for FY 2023 Advocacy Update Congress Announces Bipartisan Funding Deal, Includes 4.7%
Immediate Action Steps in Response to Federal Funding Freeze January 28, 2025 by Kimberly Jones Contact your Representatives and Senators: Let them know how this decision is affecting your TRIO students and families. Use this tool to send a message.
Federal Cancellations of Upward Bound Grants Signal Broader Threat to College Access Programs May 30, 2025 by Kimberly Jones Earlier today, Upward Bound programs across the country began receiving their long-anticipated continuation award notifications from the U.S. Department of Education.
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