Headline News

Ed Department: Mass Loan Cancellation Is Off the Table

Ever since President Biden said that his administration would try again to offer broad student debt relief after the Supreme Court struck down his first plan, experts and advocates have wondered what shape that relief would take. On Tuesday, the department offered its clearest answer yet—at least about what it is not planning to do. The department is not looking at broad-based debt cancellation, instead, it is exploring ways to provide relief to distinct groups of borrowers, such as those who have seen their balances balloon because of unpaid interest. 
Read Full Article

More news from NAICU

  • Opinion: We must not accept government coercing colleges over content
  • Colleges Push Back Against Trump’s Effort to Collect More Admissions Data
  • Trump Officials Reportedly Discussing Selling Off Student Loans
  • Higher Ed Sounds Off on Proposed Compact
  • What does the end of Grad PLUS loans mean for higher ed?
  • ED Clamps Down on Student Voting Work
  • Back to Article Overview