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Report: Education Dept. Illegally Took Wages From Student Loan Borrowers

BestColleges

Wage garnishments are withheld wages from loan borrowers who have defaulted. Garnishment became illegal after the CARES Act of 2020. Department of Education (ED) had collected wages from student loan borrowers after it was illegal to do so. Wage garnishments are pay withholdings from a borrower's employer to pay back a loan.

Loans 98
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$100,000 per Year! Rising College Costs and Student Loans

Discovery College Consulting

In 2020, when child number two started school, Columbia topped the list at $81,000. For the 2020-2021 school year, the University of Miami’s total cost of attendance for an undergraduate living on campus was $75,230. When my son decided to go to Miami in 2020, we had no idea the cost would rise so high, so fast.

Loans 52
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Biden Cancels Another $9 Billion In Student Loan Debt

BestColleges

The Biden administration revealed Wednesday that fixes to existing loan forgiveness options resulted in $9.2 billion in loan discharges. The Department of Education has made a concerted effort to address shortcomings in student loan repayment plans. The Biden administration on Wednesday announced another $9.2

Loans 52
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Social Worker Loan Forgiveness Legislation Reintroduced in Congress

BestColleges

Senate would offer up to $250,000 in loan forgiveness for certain behavioral health providers, including some social workers. The legislation would repay a sixth of a qualifying individual's eligible loans each year. A bipartisan bill in the U.S. Tina Smith (D-Minn.), Lisa Murkowski (R-Alaska), and Maggie Hassan (D-N.H.)

Loans 52
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Unequal Distribution

Admitted

1] This preliminary analysis is part of a forthcoming study using the recently released 2019-2020 National Postsecondary Student Aid Study (NPSAS:20). Oftentimes low-income students rely on loans they are stuck paying back over many years, even decades. Source: U.S.

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Liberal Arts College Acceptance Rates: Increase Your Odds

Top Tier Admissions

(Colgate saw a remarkable 102% increase in applications from the 2019-20 to 2020-21 admissions cycles and seems to still be riding that wave.) increase in applications between the 2020-21 and 2021-22 cycles and a decrease in acceptance rate from 8.74% to 6.93%; Pomona saw a 4.9%

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For-Profit College Grads Divided on Value of Their Degrees

BestColleges

Nearly two-thirds of for-profit grads and 78% of noncompleting students report having difficulty paying off student loans to pay for college. A large percentage of for-profit students rely on student loans to pay for college: 60%. And 63% of grads and 78% of noncompleting students say it's difficult to pay their student loans.

Loans 72