Tag: education debt

Education, Industries

Ed Dept puts private college owners on the hook for student aid losses

March 23, 2022

Via: Education Dive

In order to unlock federal aid, colleges sign a program participation agreement with the government pledging to follow the Higher Education Act and maintain their financial health. Typically, a chief executive or other designated college official gives their signature on […]

Education, Industries

4 House Republicans oppose mass student-debt cancellation, saying it’s unfair. They want a promise it won’t happen.

September 9, 2021

Via: Markets Insider

Canceling $50,000 in student debt for every borrower. That’s what Massachusetts Sen. Elizabeth Warren and Senate Majority Leader Chuck Schumer have been advocating, and they want President Joe Biden to do it via executive action. Four House Republicans argue that […]

Education, Industries

Biden unleashes state regulators on student-loan abuses, reversing Trump-era policy

August 9, 2021

Via: Markets Insider

Under President Donald Trump, there was only one watchdog on the student-loan beat, and it was the federal government. President Joe Biden just changed that to give the states a stake in the matter. On Monday, the Education Department announced […]

Education, Industries

Elizabeth Warren’s plan to forgive student loan debt is costly, but it could actually pour money into the US economy

April 26, 2019

Via: Business Insider

Sen. Elizabeth Warren, a Democrat from Massachusetts and 2020 presidential candidate, released her proposal to erase a good portion of student loan debt and provide free public college. The plan, released earlier this week, was met with mixed reviews, with […]