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☆ Key student-debt relief programs are at risk if Congress doesn't boost Education Department funding, 25 Democratic lawmakers say
▼ + stars: | 2024-05-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Elizabeth Warren led a group of Democrats in pushing for increased Federal Student Aid funding. AdvertisementA group of Democratic lawmakers is pointing to one key thing that will help student-loan borrowers and families navigate financial aid: more funding. Advertisement"FSA's responsibilities have increased to protect students and borrowers, but its federal funding has remained stagnant," they wrote. AdvertisementWhen it comes to the FAFSA, both Republican and Democratic lawmakers have been highly critical of the way the Education Department has facilitated the rollout. The Education Department is also in the process of crafting its broader student-debt relief plan, which is currently in the public comment period.

Persons: Sen, Elizabeth Warren, —, Massachusetts Sen, Tammy Baldwin, Shelley Moore Capito, Joe Biden's, Biden, Secretary Miguel Cardona, Cardona Organizations: Federal Student Aid, Service, Democratic, Massachusetts, Sens, Republicans, Business, Education Department, Public, Republican, Secretary

☆ Biden to call for a fight against antisemitism at a precarious moment in Israel’s war in Gaza and amid protests on campus
▼ + stars: | 2024-05-07 | by ( Betsy Klein | Mj Lee | ) edition.cnn.com time to read: +11 min

Washington CNN —President Joe Biden on Tuesday aims to issue a clarion call to fight a swiftly rising tide of antisemitism amid a precarious moment in Israel’s war against Hamas and as protests have swept American college campuses, laying bare Biden’s trouble with some young voters. Biden’s longtime and stalwart support for Israel has come under intense pressure as the humanitarian crisis in Gaza grows. The president plans to address the long history of antisemitism and issue what one senior administration official familiar with the remarks described as a “call to action” on combatting antisemitism. The protests are not expected to be a major part of the speech, the official added. However, Biden does not intend to use his speech on Tuesday to delve into Middle East policy or the current situation in Israel or Gaza.

Persons: Joe Biden, Biden’s, Israel, Biden, White, “ recommit, ” Biden, Karine Jean, Pierre, ” Jonathan Greenblatt, John Kirby, Biden “, Benjamin Netanyahu, it’s, Jean, ”, “, Miguel Cardona, Doug Emhoff, Yom HaShoah, Donald Trump’s, Trump, Adolf Hitler “, CNN’s Dana Bash Organizations: Washington CNN, US, White, CNN, Defamation League, ADL, Hamas, National Security, Qatari, White House, Education’s, Civil, Department of Homeland Security, DHS, Department’s Office, Institute of Politics, Harvard University’s Kennedy Locations: Israel, Gaza, Cairo, Doha, Qatar, Gazan, Rafah, America, Poland

☆ Biden administration forgives $6.1 billion in student debt for 317,000 former Art Institute students
▼ + stars: | 2024-05-01 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

A general view of the atmosphere during The Art Institute of Atlanta commencement ceremony at Riverside EpiCenter on June 17, 2022 in Austell, Georgia. The Biden administration on Wednesday announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes, the once giant chain of for-profit schools. The relief will go to borrowers who enrolled at any of the dozens of Art Institute campuses across the country between Jan. 1, 2004 and Oct. 16, 2017. "We must continue to protect borrowers from predatory institutions — and work toward a higher education system that is affordable to students and taxpayers," Cardona added. said The Art Institutes falsified average salaries among graduates, among other abuses.

Persons: Biden, Education Miguel Cardona, Cardona, Serena Williams Organizations: Art Institute, Atlanta, Wednesday, The Art Institutes, U.S . Department of Education, Education Management Corporation, Art Institutes, Education, Finance, Treasury Department, Art Locations: Riverside, Austell , Georgia, Iowa , Massachusetts, Pennsylvania

☆ Federal Student Aid head Richard Cordray, tasked with FAFSA rollout, to step down
▼ + stars: | 2024-04-26 | by ( Katie Lobosco | ) edition.cnn.com time to read: +7 min

Washington CNN —The head of the Federal Student Aid office, which has faced criticism for the botched rollout of this year’s college financial aid form, will be stepping down. The announcement of Cordray’s departure comes as his office has been under fire for problems with a new version of the Free Application for Federal Student Aid, or FAFSA, released late last year. “If there was a financial aid director, or even a college president, that delayed financial aid on their campus for up to six months, the professional price that would be paid for that would be pretty steep,” Justin Draeger, president of the National Association of Student Financial Aid Administrators, told lawmakers. Cordray’s tenureAs the head of FSA, Cordray oversaw not only the FAFSA but also the entire $1.6 trillion federal student loan system. It also sued Navient, one of the biggest federal student loan servicers, for allegedly processing payments incorrectly.

Persons: Richard Cordray, Cordray, Justin Draeger, Virginia Foxx, Miguel Cardona, Cordray’s, Rich Cordray’s, ” Cardona, “, Rich, Obama, ” Cordray, Pell, Biden, Trump, Massachusetts Sen, Elizabeth Warren —, Navient, “ I’m, ” Warren Organizations: Washington CNN, Federal, Aid, CNN, Department of Education, Federal Student Aid, Education, Workforce, National Association of Student Financial, Republican Rep, Consumer Financial Protection Bureau, Democratic, National College, of Education, Public, Consumer Financial, Massachusetts, Corinthian Colleges Locations: North Carolina, Ohio

☆ Leader of Federal Student Aid Office Steps Down After College Admissions Crisis
▼ + stars: | 2024-04-26 | by ( Zach Montague | ) www.nytimes.com time to read: +1 min

The nation’s top student aid official is stepping down, the Education Department said Friday, after the disastrous rollout of a new financial aid form that upended the college admissions process for millions of students this year. Richard Cordray, who took over as the leader of the Federal Student Aid office in 2021, will hand over his duties in June, Education Secretary Miguel A. Cardona said in a statement. Mr. Cordray’s departure coincides with a fraught admissions season. College administrators, students and members of Congress across the political spectrum have rebuked the Education Department for mismanaging a redesign of the Free Application for Federal Student Aid form, throwing the usual college admissions process into disarray. In his role, Mr. Cordray also oversaw a variety of other programs, including many parts of the Biden administration’s sweeping vision of student debt relief for millions of borrowers through loan forgiveness and income-driven repayment plans.

Persons: Richard Cordray, Miguel A, Cardona, Cordray Organizations: Education Department, Federal, Aid, College, mismanaging, Biden

☆ Biden Administration Releases Revised Title IX Rules
▼ + stars: | 2024-04-19 | by ( Zach Montague | Erica L. Green | ) www.nytimes.com time to read: +1 min

The Biden administration issued new rules on Friday cementing protections for L.G.B.T.Q. students under federal law and updating the procedure schools must follow when investigating and adjudicating cases of alleged sexual misconduct on campus. The new rules, which take effect on Aug. 1, effectively broadened the scope of Title IX, the 1972 law prohibiting sex discrimination in educational programs that receive federal funding. They extend the law’s reach to prohibit discrimination and harassment based on sexual orientation and gender identity. And the administration took steps to roll back some of the more rigid campus sexual assault policies issued during the Trump administration, which drew condemnation from Democrats, including Mr. Biden, for being overly deferential to students accused of sexual violence.

Persons: IX, ” Miguel A . Cardona, Bostock, Trump, Biden Organizations: Biden, Civil Locations: Clayton County

☆ Biden administration releases draft text of student loan forgiveness plan. Here's what borrowers need to know
▼ + stars: | 2024-04-16 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. The Biden administration on Tuesday released the draft text of its new student loan forgiveness proposal, which could reduce or eliminate the balances of millions of borrowers. The proposed rules should be formally published in the Federal Register on Wednesday and will be followed by a 30-day comment period. The regulatory text comes about a week after President Joe Biden revealed the details of his Plan B for student loan forgiveness. The Department of Education reviews comments from the public, it hopes to finalize the new rules and start canceling borrowers' debts in the fall, it said.

Persons: Joe Biden, Biden, Harris, Education Miguel Cardona, FAFSA, Biden's Organizations: Madison Area Technical, Truax, Tuesday, Federal, Biden, Harris Administration, Education, Finance, Harvard, Supreme, U.S, The Locations: Madison , Wisconsin, U.S

☆ Biden administration to forgive $7.4 billion in student debt for another 277,000 borrowers
▼ + stars: | 2024-04-12 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House in Washington, D.C., on Aug. 24, 2022. Evan Vucci | APThe Biden administration announced Friday that it will forgive $7.4 billion in student debt for 277,000 borrowers. The latest round of loan cancellations is a result of the U.S. Department of Education's recent changes and improved oversight of income-driven repayment plans and the popular Public Service Loan Forgiveness program. More than 65,000 borrowers will have their loans canceled through fixes to the Department of Education's income-driven repayment plans, and 4,600 borrowers are benefiting from the improvements to the government's loan forgiveness program for public servants. Aid for these groups in this round of forgiveness amounts to $3.5 billion and $300 million, respectively.

Persons: Joe Biden, Evan Vucci, Education Miguel Cardona Organizations: White, Washington , D.C, AP, Biden, U.S . Department, Public, Education, Finance, Cash, Valuable Education, Department Locations: Washington ,

☆ Student Aid Woes Stalk Cardona During Appearance on Capitol Hill
▼ + stars: | 2024-04-10 | by ( Zach Montague | ) www.nytimes.com time to read: +1 min

As Miguel A. Cardona, the education secretary, appeared before lawmakers on Wednesday to make his agency’s case for funding next year, members of both parties had something else on their minds: this year’s chaotic college admissions process. Republicans peppered him with questions about the botched rollout of the new Free Application for Federal Student Aid form, which has derailed college admissions this year. Several of them asked whether the agency had diverted resources away from the project in its pursuit of canceling student debt. “There’s nothing more important right now at the Department of Education,” Mr. Cardona told the House Appropriations Committee of the aid form, saying that the agency was successfully juggling multiple priorities with the resources available. “We’re working on this around the clock.”While Mr. Cardona was testifying, the House Subcommittee on Higher Education and Workforce Development held a separate hearing where lawmakers from both parties said the problems with the aid form had harmed aspiring college students.

Persons: Miguel A . Cardona, ” Mr, Cardona Organizations: Federal, Department of Education, Higher Education, Workforce Development

☆ A dad explains why the college financial aid process has him worried he'll be 'scrambling to try to find money at the last minute' for his 2 daughters
▼ + stars: | 2024-03-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Antonio Scordo, 50, is struggling to navigate the college financial aid process for his two daughters. Having already sent his son through college, Scordo was familiar with the Free Application for Federal Student Aid, or FAFSA, process — but this year has brought a host of new challenges. "We also don't want to apply for not enough because then you're scrambling to try to find money at the last minute. According to Federal Student Aid, the ability to make corrections and updates will not become available until "the first half of April." To help pay for his son and one of his daughter's schools, he took out nearly $50,000 in parent PLUS loans, per documents reviewed by BI.

Persons: Antonio Scordo, —, Scordo, Joe Biden's, she's, she'll, Miguel Cardona, Cardona, they're Organizations: Service, Federal Student Aid, Joe Biden's Education Department, Business, BI, The Education Department, Politico, Microsoft, Education Department Locations: Scordo

☆ Thousands of student-loan borrowers got their debt wiped through a new repayment reform. 11 GOP states just filed a lawsuit to block that relief.
▼ + stars: | 2024-03-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Eleven GOP state attorneys general filed a lawsuit to block the SAVE income-driven repayment plan. They argued that the shortened timeline for debt relief through the plan is unconstitutional. An Education Department official said Congress allows the authority to set terms for income-driven repayment. While the lawsuit makes several comparisons to the debt relief plan the Supreme Court struck down, the legal basis for the two plans differ. The Education Department is currently undergoing the negotiated rulemaking process for its second attempt at a broader form of debt relief.

Persons: —, Joe Biden's, Kris Kobach —, Miguel Cardona, Biden's, Biden, Kobach, Harris Organizations: GOP, An Education Department, Service, Biden, Education, Republican, Education Department, Business, US Department of Education, Harris Administration, Higher Locations: Kansas

☆ Tyler Stanaland and Brittany Snow's relationship timeline, from meeting on Instagram to their sudden split after 'Selling the OC'
▼ + stars: | 2024-03-27 | by ( Palmer Haasch | Caralynn Matassa | ) www.businessinsider.com time to read: +18 min

Tyler Stanaland of "Selling the OC" and Brittany Snow of "Pitch Perfect" were married for two years. Advertisement2018: Snow and Stanaland start dating after meeting on InstagramTyler Stanaland and Brittany Snow at the 25th Annual Palm Springs International Shortfest in June 2019. AdvertisementThe pair, who already had mutual friends, went on their first date to get tacos, Stanaland told People in 2020. Snow told the publication that Stanaland proposed to her in their kitchen, which was also the location of their first kiss. "I love love.

Persons: Tyler Stanaland, Brittany Snow, —, Snow, Stanaland, Alex Hall, they've, Instagram Tyler Stanaland, David Crotty, nothing's, they're, Luis Zepeda, Anna Kendrick, Kelley Jakle, Anna Camp, Chrissie Fit, Insider's Erin McDowell, Billie Jean September Snow, Billie, Kayla Cardona, it's, I'm, Cardona, Tyler, Charlie, she's, Jaspre, she'd, I've, me, Alex Hall —, that's, he's, Hall, Alex Cooper's, Cooper Organizations: Service, Oppenheim, Netflix, Stanaland, Weekly, Us Weekly, BI, People Locations: Instagram, Orange County, Greenwich, New York City, Palm Springs, Malibu, Cielo, Los Angeles, Stanaland

PARKLAND, Fla. (AP) — Vice President Kamala Harris on Saturday is expected to tour the blood-stained classroom building where the 2018 Parkland high school massacre happened, accompanied by some victims' family members who are pushing for stricter gun laws and improved school safety. When Harris goes inside, she will see bullet-pocked walls and floors still covered in dried blood and broken glass. Schachter said while there is disagreement over gun laws, school safety brings the sides together. During Harris' visit, the White House says, she will announce a program to provide technical assistance and training to Florida and the other 20 states that have similar “red flag laws." Even officials who don't support stronger gun laws learn from the tours, leading to better discussions, Moskowitz said.

Persons: Kamala Harris, Harris, Marjory Stoneman, Miguel Cardona, wilted, Nikolas Cruz, ”, Jared Moskowitz, Stoneman Douglas, Joe Biden, Linda Beigel Schulman, Scott Beigel, Beigel Schulman, ” Max Schachter, Alex, Schachter, ” Schachter, Cruz, Scot Peterson, Moskowitz Organizations: —, Marjory Stoneman Douglas High School, Democratic U.S . Rep Locations: Fla, Parkland, Utah, Florida, Broward County

☆ Biden administration to forgive $5.8 billion in student debt for nearly 78,000 borrowers
▼ + stars: | 2024-03-21 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

US President Joe Biden speaks during an event to announce that his Administration has approved $1.2 billion in student debt cancellation for almost 153,000 borrowers at the Julian Dixon Library in Culver City, California, on February 21, 2024. The Biden administration announced Thursday it would forgive $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness program. The Biden administration has so far cleared the education debts of nearly 4 million people, totaling $143.6 billion in relief. The Biden administration has worked to fix those issues. Before Biden's fixes to PSLF, just around 7,000 borrowers had received debt relief through the over 15-year-old program, according to the administration.

Persons: Joe Biden, Julian Dixon, Biden, Education Miguel Cardona, George W, Bush Organizations: Julian Dixon Library, Public, U.S . Department of Education, Education, Finance, Social, Security, Consumer Financial, Bureau Locations: Culver City , California

In an AP-NORC poll conducted in February, 38% of U.S. adults approved of how Biden was handling his job. Black adults are more likely than white and Hispanic adults to approve of Biden, but that approval has dropped in the three years since Biden took office. This is stuff that requires work,” Quentin Fulks, principal deputy campaign manager for the Biden campaign, said in an interview. Still, the Biden campaign and the broader Democratic Party are confronting their own struggles, despite their cash and organizational advantages. And in Nevada, Biden will continue promoting a new housing proposal that would offer a mortgage relief credit for first-time homebuyers and a seller's tax credit to encourage homeowners to offload their starter homes.

Persons: Joe Biden, Harris, Biden, Donald Trump, They're, Trump, Jill Biden, ” Quentin Fulks, “, ”, Maria Cardona, White, Lael Brainard, Sen, Catherine Cortez Masto, —, ” Cortez Masto, Linley Sanders, biden Organizations: WASHINGTON, Democratic, Biden, Asian American, Bilingual, GOP, Republican National, Trump, RNC, Trump's, Democratic Party, AP VoteCast, ”, White, National Economic Council, Republican, Associated Press Locations: Nevada , Arizona, Texas, Reno , Nevada, Washoe County, Las Vegas, Phoenix, U.S, Arizona, Maryvale, Nevada and Arizona, Biden's State, Biden’s, Nevada , Pennsylvania, North Carolina, Wisconsin, In Arizona, Nevada, Dallas, Houston

☆ Biden proposes expanding free community college across the U.S.
▼ + stars: | 2024-03-11 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

President Joe Biden has proposed expanding free community college across the U.S., and other initiatives to lower higher education costs. Still, the budget reflects the president's policy priorities as he seeks reelection in November. The president's budget builds on those efforts by further addressing the student loan crisis and offering more ways for people to get through their schooling without going into debt. Biden's presumptive Republican opponent, former President Donald Trump, called for slashing the U.S. Department of Education's budget during his term in the White House. In contrast, Biden is requesting additional funding for the agency — $82.4 billion for 2025, a $3.1 billion increase from 2024 — to subsidize educational costs for many Americans.

Persons: Joe Biden, Education Miguel Cardona, Biden's, Donald Trump, Biden Organizations: Education, Finance, Republican, U.S . Department Locations: U.S

☆ Biden reportedly worried during the pandemic about how young people could 'make love'
▼ + stars: | 2024-03-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Joe Biden was reportedly concerned about young Americans' sex lives during the pandemic. According to The Washington Post, Biden asked aides about how young people could "make love" amid COVID restrictions. According to The Washington Post, during his first year in office he asked multiple aides how young people could "make love" amid the COVID-19 pandemic. "President Biden often delivered a favorite monologue to aides: He was worried about young people's mental health, he said," the Post reported. The White House did not immediately respond to Business Insider's request for comment.

Persons: Joe Biden, Biden, —, Vivek Murthy, Murthy, Jeff Zients, Education Secretary Miguel Cardona Organizations: The Washington Post, Service, The Post, White, Democratic, Education Secretary

☆ Why thousands of defrauded student-loan borrowers are still waiting for the debt cancellation they were promised over a year ago
▼ + stars: | 2024-02-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Thousands of student-loan borrowers are still waiting for relief under the Sweet v. Cardona settlement. The Justice Department said the delays could be a result of complex loan histories that take time for servicers to process. President Joe Biden's Justice Department has some reasons why the process has been so delayed. "Receiving settlement relief in a timely and predictable manner is a matter of urgency for Class Members," the letter said. It also said in a recent report that it "will continue to work on improving that process and on verifying the status of Class Members' relief."

Persons: —, Joe Biden's, Cardona, Donald Trump, hasn't Organizations: Justice Department, Service, Department, Trump, Lending, Education Department, The Education Department, guaranty Locations: Cardona

☆ How the GOP’s rightward shift on immigration helps explain Trump’s primary success
▼ + stars: | 2024-02-27 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +17 min

Amid widespread discontent over President Joe Biden’s management of the border, the overall electorate is moving rightward on immigration too, polls show. For now, there’s no question that hardening GOP attitudes on immigration have been critical to Trump’s strong performance through the early primaries. Then, 56% of GOP primary voters said undocumented immigrants should be offered legal status; in last month’s primary, 55% said they should be deported. Immigration ranked as the most important issue for most GOP primary voters in South Carolina, and finished close behind the economy in both Iowa and New Hampshire. McLaughlin said Trump’s dominance among the GOP primary voters most concerned about immigration encapsulates a broader reason for his early success: widespread satisfaction among Republicans about his record in office.

Persons: Donald Trump’s, Joe Biden’s, Trump, What’s, “, Donald Trump, ”, Jim McLaughlin, Joe Biden, ’, Nikki Haley, Trump’s, Haley, Leah Askarinam, McLaughlin, Robert P, Jones, Charles Franklin, Adolf Hitler, ” Biden, Biden, Stephen Miller, Charlie Kirk, Miller, Dwight D, Eisenhower, Matt Barreto, Barreto, Democratic pollster, ” Barreto, Maria Cardona, Tom Suozzi, George Santos, Suozzi, Bill Clinton Organizations: CNN, GOP, Republican, Trump, Biden, Edison Research, Immigration, Former South Carolina Gov, Quinnipiac University, Survey, Religion Research Institute, Marquette Law School, Marquette, Gallup, Republicans, CBS, National Guard, Democratic, UCLA, New, Republican Rep, White, House Republicans Locations: Alabama, Mississippi, New Hampshire, South Carolina, Iowa, New York, Wisconsin, Mexico, United States, American, Trump, Marquette, America, Texas, Celinda, Arizona, Nevada, Mexico ”, week’s State, Brownsville

☆ How America’s once great department stores became a dying breed
▼ + stars: | 2024-02-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

But department stores, focused on America’s middle class, are fading. The victims of shifting consumer tastes were not the department stores that anchored the local mall, it was the small, locally owned stores along downtown shopping districts that were closing their doors. And possibly even more than the big box competitors, department stores have suffered from consumers shifting to buying items online rather than in person. The steady closing of the department stores that once served as “anchors” of malls across suburban America has been another nail in the coffin of many malls, hurting the department stores that remained in hollowed-out malls with a fraction of their earlier traffic. Saunders said one of the primary problem for Macy’s is that its holding company, formerly known as Federated Department Stores, spent much of its resources on buying other department store brands, such May’s Department Stores, and Filene’s, rather than investing in the stores its held.

Persons: New York CNN —, Neil Sauders, ”, JC Penney, It’s, “, Neil Saunders, Shannon Stapleton, Saunders, ” Saunders, Al Bello, Sunny Zheng, Macy’s, Tony Spring, Taylor, Brian Snyder, Eddie Lambert, Michael Brown, Kearney, ” Brown, Mike Segar, Richard W, Sears, Alvah Roebuck, Sears Roebuck, Bettmann, PhotoQuest, Jack Manning, Frank Scherschel, Owen, Lucille Jagusch, Arlene Hardt, Martin Luther King Jr, Michael Ochs, Ron Frehm, Ralf, Finn Hestoft, Mark Peterson, Seth Meyers, Hugh Jackman, NBCUniversal, Kaylin Wilson, Jim Cole, Rene Johnston, Maria Alejandra Cardona, Scott Olson, Cesar Villasenor, Mel Melcon, Sarah Blesener, Paul Hennessy, Patti Naleck, Naleck, Stacey Wescott, Brown Organizations: New, New York CNN, American, Walmart, Company, Department, Sears, Target, GlobalData, JCPenney, Research, RadioShack, Reuters Sears, Federated Department Stores, May’s, Reuters, Chicago History, Sears Roebuck, Roebuck, Hulton, AP, AP Soldiers, Michael Ochs Archives, Getty, Bettmann, Kmart, Bloomberg, Toronto Star, Reuters Residents, Los Angeles Times, New York Times, Chicago Tribune, Tribune, Service Locations: New York, GlobalData, America, Nanuet , New York, North Redwood , Minnesota, Chicago, El Paso , Texas, Jackson , Mississippi, Tucson , Arizona, Caracas, Venezuela, Niles , Illinois, Morton Grove , Illinois, Baltimore, White Plains , New York, Woodfield , Illinois, Hicksville , New York, Nashua , New Hampshire, Mentor , Ohio, Mississauga , Ontario, Hialeah , Florida, Janesville , Wisconsin, Santa Monica , California, Rockaway , New Jersey, Leesburg , Florida, Schaumburg , Illinois

☆ 153,000 student-loan borrowers are getting $1.2 billion in debt wiped out — the first group to see relief under a new repayment reform
▼ + stars: | 2024-02-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Thousands of student-loan borrowers just became the first group to see relief under President Joe Biden's new repayment reform. On Wednesday, Biden — along with the Education Department — announced that 153,000 borrowers are getting $1.2 billion in debt cancellation as a result of a new provision in the SAVE income-driven repayment plan. "If you've been paying for a decade, you've done your part, and you deserve relief," Education Secretary Miguel Cardona said in a statement. The Education Department first implemented the SAVE plan over the summer, intended to make borrowers' monthly payments cheaper. Of course, the relief comes as many borrowers are encountering challenges with the return to repayment that began in October.

Persons: Joe Biden's, Biden, —, you've, Miguel Cardona, Biden's, Education James Kvaal Organizations: Wednesday, Education Department —, Education Department, Business, Administration, SAVE, The Education Department, Public, Department, Education

☆ Biden administration to forgive $1.2 billion in student debt for over 150,000 borrowers
▼ + stars: | 2024-02-21 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The Biden administration said Wednesday it would forgive $1.2 billion in student debt for nearly 153,000 borrowers enrolled its new repayment program, called the Saving on a Valuable Education, or SAVE, plan. Borrowers usually get debt forgiveness under income-driven repayment plans, including SAVE, after 20 or 25 years of payments. But under the SAVE plan, those who borrowed less can get their debt canceled after just a decade. In January, the Biden administration said it would soon start to forgive the debt of these borrowers who had signed up for its new plan. It has now canceled debt for almost 3.9 million borrowers, totaling $138 billion in relief.

Persons: Joe Biden, Biden, you've, Education Miguel Cardona Organizations: White House, Valuable Education, SAVE, Education, Finance, IRS, U.S . Department of Education, CNBC PRO Locations: Washington ,

Photos You Should See View All 33 ImagesSchools won't get the information they need to award financial aid until next month, forcing them to adapt. Just this past week, Virginia Tech, for example, said it had moved its admissions deposit deadline for first-year college students to May 15. More than 17 million students use the FAFSA every year to receive financial aid for their college education. Rachel Reniva of Dothan, Alabama, said the financial aid decision will affect not only her son’s future but also her entire family’s. Although Jaramillo lives in Toronto, he is a U.S. citizen and thus eligible for financial aid.

Persons: they’ll, ”, Jenny Nicholas of Keene, “, ” Juan Espinoza, Agata James, ” James ’, James, Miguel Cardona, Rachel Reniva, Jesus Noyola, hasn’t, It’s, Noyola, Travis Hill, Lorenzo Jaramillo, Jaramillo, Helen Faith, —, Charles Schwab Organizations: Federal Student Aid, The Education Department, Virginia Tech, New, Queens, Education Department, Rensselaer Polytechnic Institute, Social Security, Dallas, Social, Financial, University of Wisconsin, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Jenny Nicholas of Keene , New Hampshire, New York, Dothan , Alabama, Troy , New York, Texas, Toronto, U.S, Madison

☆ Parents who took on student debt for their kids have 'extremely limited' options for loan forgiveness and cheaper monthly payments — but Biden can change that, 9 Democratic lawmakers say
▼ + stars: | 2024-02-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

A group of Democrats urged the Education Department to expand relief for parent PLUS borrowers. They also requested PLUS borrowers be included in Biden's second attempt at broader loan forgiveness. Elizabeth Warren and Bernie Sanders — in sending a letter to Education Secretary Miguel Cardona regarding parent PLUS borrowers. The burden increases on parents because, as the lawmakers wrote, options for federal relief on PLUS loans "remain extremely limited." "We write to you out of deep concern that Parent PLUS borrowers have been left out of key student loan actions the Administration has taken," the Democrats said.

Persons: —, Sen, Chris Van Hollen, Elizabeth Warren, Bernie Sanders —, Secretary Miguel Cardona, Biden, Derrick Johnson, Wisdom Cole, Cardona Organizations: Education Department, Service, Democratic, Secretary, Parent, Education, Higher, The Education Department, National, Parent PLUS Locations: Sens

☆ Joe Biden is looking for ways to get his message to break through. He’s hoping his Cabinet can play a key role.
▼ + stars: | 2024-02-10 | by ( Betsy Klein | Camila Dechalus | ) edition.cnn.com time to read: +12 min

Nevertheless, the Biden White House and legal team has taken pains to ensure compliance – an effort to highlight its commitment to ethics and draw a sharp contrast with Trump, who skirted the rule with abandon. And the Biden White House has issued “extensive guidance to and conducts trainings for agencies” on the Hatch Act and how to avoid potential missteps, the official said. Secretary of State Mike Pompeo, for instance, delivered a speech to the Republican National Convention while on official travel in Jerusalem. “Voters of color can see themselves in leaders like Secretary Cardona, Secretary Fudge, and (EPA) Administrator (Michael) Regan. President Biden was intentional about assembling a Cabinet that reflects the diversity of America, and we continue to see how that diversity translates into real political strength,” he told CNN.

Persons: Washington CNN — Janet Yellen isn’t, Joe Biden’s, Biden, SSRS –, Donald Trump, Trump, ”, Yellen, Robert Hur’s, Pete Buttigieg, Gina Raimondo, Jennifer Granholm, Miguel Cardona, they’ve, “, Biden’s, they’re, Jeff Zients, “ Biden, ” Caitlin Legacki, Granholm, Buttigieg, Raimondo, “ We’re, ” Buttigieg, That’s, Mike Pompeo, Biden White, – you’ve, ” Legacki, Julie Su, Isabel Casillas Guzman, Marcia Fudge –, –, Marjory Stoneman, Gevin Reynolds, Kamala Harris, Secretary Cardona, Fudge, Michael, Regan, Young, Tom Vilsack Organizations: Washington CNN, CNN, Economic, of Chicago, Midwest, Treasury, White, Transportation, Democratic, GOP, Cabinet, Biden White, Republican National Convention, Coalition, SSRS, Biden, Trump, Labor, Democrats, Small, Urban, Alpha Kappa Alpha, Palmetto State’s, Education, Marjory Stoneman Douglas High School, “ Locations: Yellen, Wisconsin, New Hampshire, Michigan, Georgia, Florida, Tennessee , Louisiana , California, Delaware, New York, Jerusalem, American, Pacific Islander, Nevada, South Carolina, Iowa

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