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By Joey Solitro Published 27 October 2023 The Biden Administration issued final regulations aimed at bolstering oversight and accountability for higher education institutions and improving protections for student borrowers. The new rules, effective July 1, 2024, significantly strengthen the Department of Education’s (DOE) ability to protect students and taxpayers. This comes in response to issues…
By Ben Demers More than 40 million student loan borrowers received a rude awakening when the Supreme Court struck down President Biden’s student loan forgiveness plan back in June. Those borrowers are now grappling with the reality of resuming their student loan payments as of October 1. WalletHub’s new national student loan debt study reveals…
Understanding the FAFSA Simplification The notoriously complicated and frustrating federal student loan application, also known as FAFSA (Free Application for Federal Student Aid), has recently undergone a significant simplification transformation. The form, which historically involved around 100 questions, has been streamlined to just about 20. Furthermore, it will now automatically retrieve tax data from the…