Biden has another plan for mass student loan forgiveness. It could be excruciatingly long

. Other federal agencies use a similar process to write regulations.

The Education Department's James Kvaal will be among the first speakers, and he's expected to note how quickly the administration went from"Today – less than three weeks since President Biden announced actions to open a new path to provide debt relief to as many borrowers as possible – we are taking an important step forward: to improve our regulations on the secretary’s authority under the Higher Education Act to compromise, waive, or release federal student loans," he will...

These negotiators will represent different groups who have a stake in student loans, such as borrowers, student loan servicers – the agencies that manage borrowers’ accounts − colleges and universities, and so on. Not everyone will be sympathetic to the cause.The big hitch: This group of people has to agree – all of them – on what the regulation should say. If they don’t, Education Department officials can essentially take over and write the regulation themselves.

That’s because rulemaking generally adheres to a rigid schedule. Usually it takes weeks or even months to figure out who will be on the committee, along with a set of backup negotiators. Then they have to meet a few times, and those meetings are several weeks apart.

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Great Correction, between choosing a trade or higher education, is in motionCINCINNATI, Ohio — It is just days before Kayla Hill is graduating from one of the four sprawling facilities that make up the Great Oaks Career Campuses — and the Pendleton neighborhood native has a broad smile on her face as she puts the finishing touches on the pitch of a roof which she is…
Source: dcexaminer - 🏆 6. / 94 Read more »

Rep. Taylor Greene warns Biden wants to 'address' issues like education, medical careWhile speaking at the conservative Turning Point Action conference, Rep. Marjorie Taylor Greene, R-Ga., warned that President Biden wants to address issues like education, medical care and rural poverty.
Source: MSNBC - 🏆 469. / 51 Read more »

Biden has another plan for mass student loan forgiveness. It could be excruciatingly longThe Biden admin has turned to 'negotiated rulemaking.' It’s been used over the years to draft rules related to higher education on how well colleges produce graduates whose jobs can cover student debt. Biden has another plan for student loan forgiveness:
Source: YahooNews - 🏆 380. / 59 Read more »

Virginia underfunds K-12 education with flawed formula, report findsThe report found that school districts in Virginia receive about 14 percent less funding than the national average or about $1,900 less per student.
Source: postlocal - 🏆 327. / 59 Read more »