Aug 21, 2023 | Gainful Employment, General
The U.S. Department of Education’s proposed rules for gainful employment rules and other accountability initiatives are currently awaiting final approval. The OMB’s Office of Information and Regulatory Affairs is expected to approve the request on or before November...
Jul 10, 2023 | News, News Inserts, Student Loan Repayment Assistance
The Saving on a Valuable Education (SAVE) Plan replaces the existing Revised Pay As You Earn (REPAYE) Plan. The SAVE plan is an income-driven repayment option. Borrowers earning less than $15 an hour may have loan payments as low as $0 per month. Borrowers...
Jun 30, 2023 | News, News Inserts, Student Loan Repayment Assistance
SCOTUS Blocks Biden’s One-Time Student Loan Cancellation Program The U.S. Supreme Court has rejected the Biden administration’s proposal to cancel student loan debt. The court ruled today on two cases: Biden v. Nebraska and The Department of Education v. Brown. In a...
Jun 2, 2023 | News, News Inserts, Student Loan Repayment Assistance
The Senate passed legislation late Thursday to raise the debt ceiling, avoiding a government shutdown. A provision in the bill officially terminates the student loan repayment suspension period. Student loan repayment will resume sixty (60) days after June 30, 2023....
May 25, 2023 | News, News Inserts
Secretary James Kvaal and Federal Student Aid COO Richard Cordray represented the Department of Education (ED) during the second House Higher Education and Workforce Development Subcommittee hearing on Wednesday. The hearing covered the Biden administration’s...