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Biden Admin Approves $1.2B in Student Loan Forgiveness

BestColleges

The Public Service Loan Forgiveness program erases debt for public servants after 10 years of work. billion in federal student loan forgiveness for government workers and other public servants. billion in federal student loan forgiveness for government workers and other public servants. billion in student loans for 4.76

Loans 52
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Minnesota Creates Nurse Loan Forgiveness Program

BestColleges

The commissioner of health will annually pay eligible nurses 15% of the average loan debt in their fields. To enroll in the plan, nurses can select a two-year contract between practicing or teaching in higher education. To apply for loan forgiveness, a nurse must provide proof of nursing employment. Minnesota Gov.

Loans 52
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Student Loan Servicers Were Late on Billing Statements, Miscalculated Payments: Report

BestColleges

The Department of Education will withhold payment to this loan servicer. The Department of Education will withhold payment to one federal student loan servicer due to errors committed by the servicer in recent months. Approximately 28 million borrowers reentered repayment of their federal student loans in October.

Loans 52
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Students From 3 Pacific Island Countries Now Eligible for U.S. Financial Aid

BestColleges

Students from the Marshall Islands, Micronesia, and Palau are guaranteed in-state tuition at all U.S. public higher education institutions. These students also qualify for Pell Grant, Federal Work-Study, and Federal Supplemental Education Opportunity Grant programs. The law goes into effect this July.

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Biden Admin Forgives $6B in Debt for Former Art Institute Students

BestColleges

Many former Art Institute students will soon see their remaining federal student loan debt balance cleared. The Biden administration announced May 1 that the Department of Education (ED) would automatically forgive all remaining federal student debt for people who attended any Art Institute campus between Jan. 1, 2004, and Oct.

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Fundamentals of Financial Aid for 2024

Admissions.Blog

If one sentence could sum up the state of financing an American college education in 2024 it would be, “The more things change the more things stay the same.” Students with significant financial need may receive need-based aid in the form of grants, scholarships, work-study programs, and subsidized loans.

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More Families Borrowing for College but Frustrated by FAFSA

BestColleges

A new survey reveals families are paying more for college and taking more loans. Families of HBCU students are more likely to take loans and have higher balances. A new study says more students and their families are taking out loans to pay for college, yet confusion reigns over the financial aid process.