While a bill to repeal the president’s SAVE plan passes in the House of Representatives. President Biden’s administration approved the cancellation of $4.8 billion in federal student loan…
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Education Department Fines Grand Canyon University
Office of Federal Student Aid finds the university deceived students regarding the cost of doctoral programs. The Department of Education has fined Grand Canyon University (GCU) $37.7 million…
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Education Department Releases Accountability Rules for Colleges
Administration works to protect prospective students from college debt. The U.S. Department of Education recently announced final regulations to enhance oversight and accountability for colleges and universities to…
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Education Department Penalizes Missouri Loan Service
The servicer gave inadequate notice for payment reinstatement and put borrowers into delinquency. The Department of Education has announced steps it will take to hold student loan servicer…
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Federal Student Loan Payments Resume
Student borrowers experienced a three-year hiatus on repayment. The official return of payments on federal student loans began October 1, after borrowers had experienced three years without payment…
Read MoreEducation Department Settles Title IV Fraud Claims with Five Law Schools
The institutions were not accredited to disburse federal funding. The U.S. Department of Education settled with five law schools that improperly distributed Title IV federal aid funding to…
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FTC Freezes Assets of Impersonators of U.S. Education Department
California-based companies allegedly scammed student borrowers seeking debt relief. The Federal Trade Commission (FTC) has taken action against those who offered student borrowers fraudulent debt relief. According to…
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Education Department Beta Tests Loan Repayment Program
The income-based program is intended to streamline loan repayment and mitigate the burden of student debt. The U.S. Department of Education launched a beta test of an application…
Read MoreFifth Circuit Temporarily Halts Federal Student Loan Relief
An injunction stops the program while litigation plays out. Judges in the Fifth Circuit U.S. Court of Appeals granted an injunction against the most recent loan relief plan…
Read MoreSupreme Court Rules Against President’s Student Loan Forgiveness
The opinion affirms the “power of the purse” belongs to Congress. The Supreme Court declared that President Biden’s administration does not have the authority to take unilateral action…
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