In a major shift, the federal government will also be able to force colleges to cover the cost when their students are granted loan cancellation because of fraud. Those costs have typically been passed to taxpayers, prompting complaints from conservative critics who say the program too freely cancels debt at the public’s expense.
“The department has cut corners in a rush to ram through a punitive borrower defense rule with serious legal and regulatory flaws that could undermine the American education system,” said Jason Altmire, a former Democratic congressman and president and CEO of Career Education Colleges and Universities.
The new rule erases the 15-day rule, allowing payments to count even if they are made late or in multiple installments. It also allows borrowers to make up to a year of payments in advance in a single sum, rather than making monthly payments.
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Biden Admin Relaxes Rules for Student Debt ForgivenessThe Biden administration is moving forward with an overhaul of several student debt forgiveness programs, aiming to make it easier for borrowers to get relief if they are duped by their colleges or if they put in a decade of work as public servants.
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Biden admin relaxes rules for student debt forgivenessWASHINGTON (AP) — The Biden administration is moving forward with an overhaul of several student debt forgiveness programs, aiming to make it easier for borrowers to get relief if they are duped by their colleges or if they put in a decade of work as public servants. It’s race based. i thought that the conservatards appealed this in one of their safe spaces and it’s not available any more. seriously can’t keep up with this bullshit That’s right Americans, you Pay for the losers that made shitty career/ degree choices lol. It’s your fault not theirs 🤡
Source: AP - 🏆 728. / 51 Read more »
Biden admin relaxes rules for student debt forgivenessThe Biden administration is moving forward with an overhaul of several student debt forgiveness programs, aiming to make it easier for borrowers to get relief if they are duped by their colleges or if they put in a decade of work as public servants. The Education Department on Monday finalized a package of rules that it proposed earlier this year. The new rules take hold in July and are separate from President Joe Biden’s sweeping student debt forgiveness plan, which has been held up in court amid a legal challenge from Republican-led states. I hope the students out realize this isn't going through.
Source: YahooNews - 🏆 380. / 59 Read more »
Biden admin relaxes rules for student debt forgivenessThe Biden administration is moving forward with an overhaul of several student debt forgiveness programs, aiming to make it easier for borrowers to get cancellation if they are duped by their colleges or if they put in a decade of work as public servants.
Source: ksatnews - 🏆 442. / 53 Read more »
Biden admin relaxes rules for student debt forgivenessEducation Secretary Miguel Cardona said his agency is “fixing a broken system and putting borrowers first.”
Source: AKNewsNow - 🏆 460. / 53 Read more »
Biden administration relaxes rules for student debt forgiveness programsThe new rules aiming to make it easier for borrowers to get relief if they are duped by their colleges or if they put in a decade of work as public servants take hold in July, and are separate from President Joe Biden’s sweeping student debt forgiveness plan. Duped? Walkaway FJB Attention Trump University students! This is meant for you!
Source: adndotcom - 🏆 293. / 63 Read more »