New Report Examines Massive Overhaul of the Department of Education’s Student Loan Servicing System
USDS will improve servicing environment for borrowers, Congress must approve additional funding for effective implementation
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USDS will improve servicing environment for borrowers, Congress must approve additional funding for effective implementation
Despite its name, the College Cost Reduction Act would actually further increase the cost of college or career training for many Americans.
Read More about House Committee Markup on Student Loan Bill is Misguided
Federal regulations intended to streamline the authorization process for distance education institutions may be weakening state-level accountability standards and leaving online students vulnerable to predatory behavior.
WASHINGTON – Today, the U.S. Department of Education published its final Gainful Employment rule — a rule that protects students from high-cost, low-value career training programs that leave students with unaffordable student debt or no increase in earnings above those with only a high school education. In response, Kyra Taylor, staff attorney at the National…
Read More about Advocates Applaud the Department of Education’s Common Sense Gainful Employment Rule
WASHINGTON – Advocates with the National Consumer Law Center’s Student Loan Borrower Assistance Project applaud action today by the Department of Education to begin automatically discharging $39 billion in Federal student loans–helping more than 804,000 borrowers get out from under crushing student debt. But advocates warn more must be done to assist borrowers who’ve fallen…
6-3 Opinion Blocks President Biden’s Student Loan Cancellation Plan [NOTE: Advocates to hold virtual press briefing on ruling at 12 pm ET. Register here.] WASHINGTON – Today, in a 6-3 opinion, the U.S. Supreme Court ruled that President Biden’s student debt relief program, which would have offered up to $20,000 in relief to working and…