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The interest rate alone isn’t what is causing the troubling growth of borrowers’ student loan balances over the last decade.
The Biden administration plans to help student loan borrowers in default return their loans to good standing.
Today, President Biden signed the Consolidated Appropriations Act of 2022 into law.
The Department of Education’s Institutional and Programmatic Eligibility Committee continues work on accountability regulations.
The Department of Education seeks to strengthen oversight of institutions of higher and protections for students and taxpayers.
Negotiators on the Affordability and Student Loans Committee convened for the final time for ED’s negotiated rulemaking process.