May 14, 2024
Loans

Biden Administration forgives $7.5B in student loans, criticism ensues | News

For the second time this week, the Biden Administration announced it’s wiping out more student loans. More than a quarter million borrowers will get an email from the White House Friday telling them their debt is canceled, totaling $7.5 billion. But critics say the handout is unfair to those who paid off their loans and

Read More
Finance

Thousands of financial aid applications need to be fixed after latest error

WASHINGTON (AP) — The U.S. Education Department said it has discovered a calculation error in hundreds of thousands of student financial aid applications sent to colleges this month and will need to reprocess them — a blunder that follows a series of others and threatens further delays to this year’s college applications. A vendor working

Read More
Funds

School districts have nine months to spend billions in unused COVID relief funds

The last batch of COVID-19 relief funding for public schools allocated by the American Rescue Plan Act of 2021 is set to expire at the end of September 2024 — and states and school districts still have billions in unspent funds. According to data from the Department of Education, not a single state has managed

Read More