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Because of past administrative failures, the some 78,000 affected public service workers such as nurses and teachers never got the relief they were entitled to under the law, Biden said.
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"It's moral hazard if you're only doing debt relief, but I believe we're balancing it out with accountability on colleges," says Education Secretary Miguel Cardona.
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Lawmakers are considering another initiative to incentivize teachers to stay in Oklahoma classrooms that would allow teachers’ children to be eligible for the state’s tuition scholarship program.
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What to make of all the student loan news this year? We have three takeaways, and a literary analogy (it's NPR afterall).
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The Education Department said today that changes to a pair of previously troubled programs have recently led to $4.8 billion in loan relief for another 80,000 borrowers.
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This month, millions of Americans will have to make student loan payments after a three-year pandemic era pause. But since 2020, there have been some big changes made to the repayment system.
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When student loan bills begin coming due in October, new borrowers will take their first steps on the long road to paying off their debt. These tools and tips can help ease the journey.
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October's coming, and we're here to help you get ready.
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More than 20 million borrowers are eligible under the new repayment plan, and many will see lower payments.
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The loan forgiveness comes after past mishandling of income-driven repayment plans, which were designed for low-income borrowers. The move will erase $39 billion in federal student loan debt.