Financial aid

Biden unveils big plan for $10,000 in debt relief and more

The president announced a plan expected to impact 95 percent of the 43 million federal student loan borrowers. Democrats call the announcement a win for low- and middle-income Americans. Republicans question its legality.

President Biden stands behind a podium in the Roosevelt Room in the White House, speaking. Secretary of Education Miguel Cardona stands to his left.

Education Department proposes rule changes on student loans

Education Department proposes changes to loan programs to make it easier for public service employees and those who attended fraudulent colleges to get their student loans forgiven.

Education under secretary James Kvaal, a white man in a business suit with gray hair.

Scrutiny grows of withholding transcripts to collect student debt

Federal scrutiny grows of a practice colleges use widely. Two experts discuss what policy makers and institutions can do to avoid impeding students from jobs or further education.

Melanie Gottlieb and Martin Kurzweil, both white people with dark hair who are wearing glasses.

All former Corinthian students to have loans forgiven

Education Department will make the largest group discharge of federal student loans in U.S. history.

Vice President Kamala Harris, a Black woman wearing a suit and pearls.

Parent PLUS loans deepen racial wealth gap, study finds

Black parents are disproportionately burdened by Parent PLUS borrowing, a new study finds, leading to deeper racial inequities in student loan borrowing and higher education at large.

Illustration of a green figure in a graduation cap holding a circular load on its back labeled "Student loan."

Young Americans and those with debt see less value in college

Younger Americans and those with student debt are far less likely than their peers to believe the benefits of getting a higher education outweigh the costs.

Cover of Economic Well-Being of U.S. Households in 2021, showing a row of houses.

Student loan forgiveness: Biden's next move

President Biden suggests he will move to forgive some student debt. When a final decision will occur and whether his plan will be successful is still unknown.

Graphic featuring "student debt" in red letters surrounded by paper money and coins.

Education Department changes two student loan programs

Education Department plans to forgive 40,000 student loans immediately and place 3.6 million borrowers three years closer to debt forgiveness. Reaction is mixed.


Study: High schoolers' perceptions of affordability matter

High school juniors who believe they can’t afford higher education are about 20 percentage points less likely to attend college within the first three years after high school than peers who don’t think affordability is a barrier.


Higher ed staff shortages hit financial aid offices

The shortage of financial aid employees is especially worrisome given that the Department of Education is now planning to beef up its enforcement of federal student aid program rules.



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