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Report Examines Massive Overhaul of Student Loan Servicing System

Diverse: Issues in Higher Education

A new National Consumer Law Center (NCLC) report analyzes a Unified Servicing and Data Solution (USDS) contract, set to go live in the spring, and its potential impact on student loan borrowers’ rights and experiences. Alpha Taylor The U.S.

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New Mexico' to Provide Student Loan Forgiveness for Students Enrolling in Health Programs

Diverse: Issues in Higher Education

New Mexico's Higher Education Department has announced that it is accepting applications for a program that will provide up to 100 percent student loan forgiveness for New Mexico residents who graduated from one of the 23 out-of-state professional and graduate programs.

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Direct Admissions Helps Raise Applications, But Not Enrollments

Diverse: Issues in Higher Education

For a prospective college student beleaguered by the complexities of the application process, direct admissions is like a dream come true. Odle said that students tend to figure, “Once I’m in there, and I’ve already been admitted, why don’t I just go ahead and submit another application?” points likelier.

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Cordray to Step Down from Federal Student Aid Post

Diverse: Issues in Higher Education

Cordray worked to fix student loan system programs, like Public Service Loan Forgiveness and Income Driven Repayment, and oversaw the development and implementation of the SAVE Plan. Cardona said the COO revitalized the FSA Enforcement Unit to hold schools accountable for cheating students and combated student loan scams.

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How to Refinance a Student Loan: Options for International Borrowers

IEFA

Refinancing your international student loans can be a game-changer in managing your student loan debt more efficiently and potentially reducing the amount of interest you pay by thousands of dollars. But, what are the steps to refinance, and what challenges do international students face in this process?

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Fixing FASFA: Black Students and HBCUs Will Lose the Most

Diverse: Issues in Higher Education

The introduction and rollout of the new Better FASFA (Free Application for Federal Student Aid) form has led to a multitude of challenges, setbacks, and concerns among students, caregivers, and educators. Another crucial issue pertains to delays in processing student FASFA applications.

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A Sneak Peek At New Student Loan Rules Coming in July 2023

NCLC Student Loan Borrower Assistance

In November 2022, the Department of Education published final rules that will change regulations governing a variety of federal student loan cancellation programs as well as how interest impacts student loan burdens. The new rules will go into effect on July 1, 2023. . Across the board, these rules are a huge improvement.