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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. Secretary of Education Linda McMahon in the announcement.
On March 26, 2025, the Department of Education reopened the online application for Income-Driven Repayment (IDR) plans for federal studentloan borrowers. This follows a very stressful period for studentloan borrowers. On February 21, the Department pulled down the IDR application.
The Department of Education is set to deny the applications of nearly half a million federal studentloan borrowers who had applied for income-driven repayment (IDR), according to recent reporting. The cohort of applications represents approximately one-third of the 1.5
Federal Direct Loans are government-backed financial aid options provided by the U.S. Education Department (ED) to help students afford the costs of higher education. While the loans are designed to ease educational expenses during college years, many graduates struggle to manage their debt after college.
On December 20, 2024, the Department of Education announced that it is temporarily pausing the processing of Total and Permanent Disability (TPD) discharge applications. To cancel loans under the TPD program, the borrower must be totally and permanently disabled and unable to engage in any substantial gainful employment activity.
But remember: early rejection doesnt mean the end of your educational journey. If theres another school that you were interested in with rolling admissions, now may be time to submit your application. Review Your Application & Goals Reflect on your personal strengths and goals.
Many MBA programs also involve exposure to corporate experts and business executives, providing MBA students with a higher level of experience and opportunity than many other masters level programs. MBA programs is that applicants hold an undergraduate degree, usually with a focus on business or commerce. In the U.S., However, non-U.S.
High school seniors who are ready to unlock financial aid and take the next step toward your education, it’s time to file your FAFSA. Completing the FAFSA (Free Application for Federal Student Aid) is one of the most important tasks you’ll need to tackle as you prepare for college.
For students preparing to apply for financial aid, the Free Application for Federal Student Aid (FAFSA) is a crucial part of the process. The SAI, which replaces the EFC, is a more accurate and fair way to calculate need-based financial aid, especially for students from low-income backgrounds.
So, if you find you can't afford college without some amount of loans, it’s important to consider how much you borrow because you’ll have to pay it back later, with interest. Think of studentloans as a double-edged sword. Federal StudentLoans Federal studentloans are usually the best place to start when borrowing for college.
Whether youre planning to attend college soon or just thinking about your future, understanding the different types of financial aid you might receive is key to making smart decisions about paying for your education. Heres a few key terms that you need to know when it comes to loans, grants, and work-study!
If you’re planning on attending college and need financial aid, then filling out your Free Application for Federal Student Aid (FAFSA ) is an essential step. Department of Education, and its the most straightforward deadline to remember. So, if you have to correct your application all, you want more time to do so.
However, it is so important to understand the various acronyms and terms you’ll see in applications, on paperwork, and in your financial aid offer letters. Work-Study Programs: Work-study is a federal program that provides part-time jobs for students with financial need.
If loans are necessary, financial experts believe you should not borrow more than your child’s expected starting salary post-graduation. Studentloan calculators can project monthly payments and loan payoff timelines, which vary by loan size, interest rates, and repayment terms. Talk about saving a ton of money!
It’s the next big step in your educational journey, but theres one big thing that might cause some stress for you and your family: how to afford it. Starting early means youll be prepared when the time comes to submit your applications. This will make filling out your FAFSA or scholarship applications a lot easier.
Department of Educations efforts to reduce studentloan burdens through the new SAVE repayment plan. But the lawsuits have already resulted in a series of changing court orders temporarily barring the Department of Education from offering key SAVE plan benefits.
So, we’ve grown our enrollment both by increasing applications but also by increasing our retention, and we’re much more in demand,” Thomas says. “We Smith announced during the 2019 commencement ceremony for Morehouse that he would pay off the studentloans for the graduating class.
A Parent PLUS Loan (PPL) is a Federal studentloan program that helps parents finance their dependent children’s college education, making it a vital resource for families facing rising college costs. However, the credit check for a PPL is less stringent than those for private studentloans.
Department of Education, escalating tensions over what the union describes as an illegal and abrupt shutdown of studentloan relief programs that has left millions of borrowers facing higher payments amid economic uncertainty. The union is represented by the Student Borrower Protection Center (SBPC) and Berger Montague PC.
Department of Education announced Monday that more than 5 million Americans have been approved for studentloan forgiveness under the Biden-Harris Administration, with total debt relief reaching $183.6 billion in borrower defense relief for nearly 85,000 students who were misled by their institutions. Cardona The U.S.
One of the biggest questions students and families face is how to pay for higher education. Loans : Money that must be repaid, typically with interest. Work-Study : A program that allows you to work part-time during college to earn money to help pay for your education. When Should You Start Planning?
Today, by a vote of 26-3, the Senate Appropriations Committee passed the FY 2026 Labor, Health and Human Services, and Education (“LHHS”) Appropriations bill. The legislation also provides level-funding for several other higher education programs, including GEAR UP (funded at $330 million), Federal Work-Study (funded at $1.2
Department of Education has restored online access to income-driven repayment (IDR) plan applications and loan consolidation forms following a temporary suspension, officials announced Wednesday. During the temporary online outage, paper loan consolidation applications remained available to borrowers.
As the year winds down, undergraduate and graduate students, faculty, staff and administration are left to wonder what comes next in higher education. Student debt issues loom, and problems due to the rollout of the 2024-25 FAFSA linger. These attacks on DEI have impacted higher education quite disastrously, Harper told Diverse.
It’s no wonder the student pursuing an international education is revered and admired wherever they go. Why students choose to study internationally Before we explore the benefits of being an international student, let’s first unpack the reasons students opt to study abroad.
Department of Education (ED) TRIO and GEAR UP staff, will be on furlough. Department of Education staff will be furloughed during a government shutdown. Representative Adriano Espaillat Addresses Diversity and Education at COE Annual Conference Blog U.S. Secretary of Education Dr. Miguel A.
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
The Student Aid Index (SAI) is an essential concept in the world of financial aid for college. It replaced the Expected Family Contribution (EFC) starting with the 2024-2025 Free Application for Federal Student Aid ( FAFSA ). What Is the Student Aid Index? StudentLoans : Both subsidized and unsubsidized loans.
Understanding the cost of attendance (COA) is crucial because it helps you plan financially for your child's college education. By comparing net prices, you can find the best value for your money and avoid taking on too much studentloan debt. Some students assume that you have to be an "A" student to win.
Private studentloans are financial products offered by private lenders to help students finance their college education. They are distinct from Federal studentloans provided by the government. These include competitive interest rates, flexible loan options, and the potential for savings.
The Council for Opportunity in Education Launches Inaugural Award for Institutional Effectiveness to Scale TRIO Student Support Services Practices Campus-Wide July 15, 2025 — by Terrance L. Community colleges interested in applying can download the guidelines and application form at coenet.org here. WASHINGTON, D.C.
Department of Educations efforts to reduce studentloan burdens through the new SAVE repayment plan. But the lawsuits have already resulted in a series of changing court orders temporarily barring the Department of Education from offering key SAVE plan benefits. The case now returns to the district court to continue.
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 studentloan borrowers’ rights and experiences. Alpha Taylor The U.S.
New Mexico's Higher Education Department has announced that it is accepting applications for a program that will provide up to 100 percent studentloan forgiveness for New Mexico residents who graduated from one of the 23 out-of-state professional and graduate programs. Michelle Lujan Grisham has approved $2.2
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. points likelier.
Department of Education (ED) is now discharging studentloans of borrowers alleging they were defrauded by their colleges after a federal judge recently ruled that a $6 billion settlement could proceed, The Washington Post reported. The judge of the case, U.S.
Department of Education (ED) Office of Federal Student Aid. Richard Cordray “We are grateful for Rich Cordray’s three years of service, in which he accomplished more transformational changes to the student aid system than any of his predecessors,” said U.S. Secretary of Education Dr. Miguel A.
A proposed federal financial aid policy could change the lives of postsecondary students, particularly Black and Latinx students, by allowing them to spend less out-of-pocket for their degrees and prevent the accumulation of student debt, which remains financially crippling for many graduates.
According to the report, first-time enrollment in this context refers to the number of students enrolled for the first time in graduate certificate, education specialist, master’s, or doctoral programs for the fall term. The proportion of domestic first-time enrollment had gone from 78.9% in Fall 2016 to 87.4% in Fall 2020.
Reformers have hailed the change as a critical step towards enabling people in prison to experience the myriad benefits of higher education. But a new report has revealed that an important segment of this population may be largely left out: those who already have studentloans. You’re more likely to find gainful employment. “I
The Education Department is in the process of processing hundreds of thousands of studentloan forgiveness applications for borrowers who have committed to careers serving their community or the public. And many more borrowers may qualify for relief in the coming months.
The deadline to apply to consolidate many older federal studentloans to be included in the one-time payment count adjustment is Tuesday, April 30th. Do I need to consolidate my loans to get additional credit toward debt relief? I have loans I need to consolidate – what do I do next?
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. 1: Free Application for Federal Student Aid (FAFSA) opens.
Facing a national shortage of early childhood educators , the Community College of Vermont (CCV) and the Southwestern Vermont Medical Center (SVMC) have teamed up for an innovative solution: paying students to reduce their hours at their jobs in favor of taking more classes. CCV and SVMC anticipate funding 8-10 applicants.
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