Educational News

California Eyes $632 Million Plan to Help Students Attend State Colleges Debt Free

Source: site California is on track to remove any reason for its public university students to take out student loans. Known as Middle Class Scholarship 2.0, the “debt-free” program is slated to receive its first infusion of money this summer: a…

Democrats face pressure from left, center on student loans

Source: site The question about what to do with an estimated $1.6 trillion in student loan debt is a growing headache for Democrats at a time when families are struggling with higher costs but centrist Democrats led by Sen. Joe Manchin…

$1.7 billion in student debt canceled for 66,000 borrowers in Navient settlement

Source-site In January, 39 state attorney general offices announced that one of the nation’s largest student loan servicers would resolve allegations of widespread unfair, deceptive and abusive practices. Lawsuits claimed that Navient improperly drove some federal student loan borrowers into forbearance instead of…

Department Of Education Moves To Make Owners, Investors, And Controlling Parties Responsible For College And University Liabilities

Source-site On March 23, 2022, the U.S. Department of Education (“Department”) announced a significant new policy that, in some cases, will require owners, investors, and controlling parties of private colleges and universities to guarantee the regulatory liabilities of the school.…

How U.S. Got $1.6 Trillion in Student Loans Debt

Source-site The student loan crisis is a hot topic of conversation in Washington because student debt is felt by a lot of us, 45 million of us to be exact, for a total debt of 1.6 trillion dollars. We often break…

After Massive NYC Student Data Breach, Here Are Steps You Can Take To Protect Your Family

Source-site New York City officials recently acknowledged that the personal information of about 820,000 current and former students was compromised in a cybersecurity lapse. Find out what’s happening in New York Citywith free, real-time updates from Patch. If you’re a caregiver…

Biden faces rising pressure on student loans with deadline looming

Source-site President Biden is in a difficult position on student loans ahead of the midterms, as pressure builds from borrowers and Democrats for widespread cancellation. Adding to the pressure is a key deadline: On May 1, millions of borrowers will…

8 Million Borrowers At Risk If Student Loan Payment Pause Ends

Source-site A new report claims that 8 million student loan borrowers will be at risk if the student loan payment pause ends. Here’s what you need to know — and what it means for your student loans. Student Loans The California…

SoFi CEO on Biden and student loan forgiveness: ‘This is classic leadership by indecision’

Source-site A major student loan refinancing company has joined the chorus of voices calling for broad-based student loan forgiveness as millions of borrowers brace for the end of the pandemic payment pause. “This is classic leadership by indecision — and it’s exactly…

Private lenders lobby to restart federal student loan payments

Source-site SoFi is one of the private student lenders lobbying to stop, or at least curtail, the pandemic-related moratorium on federal student loan payments that is now stretching into a third year. | Justin Sullivan/Getty Images Private student lenders are…