The top Biden official overseeing federal college financial aid has resigned, the Education Department said Friday, capping off a year of turmoil for students and universities. Richard Cordray, the chief operating officer for Federal Student Aid, will step down at the end of June, officials said. The former head of the Consumer Financial Protection Bureau,
Superintendents, financial officers and other school leaders packed a State Board of Education meeting to address multiple concerns about how the Arizona Department of Education is managing federal poverty funds. School leaders said earlier this week they don’t trust the department’s calculations for Title I funds, which are federal dollars that support schools with high
Federal pandemic relief measures brought in $178 million to Knox County Schools. The money paid for technology upgrades, tutors and career empowerment. But the Elementary and Secondary School Emergency Relief Fund expires this year, and school districts around the country have to make decisions about what programs to continue when only local and state taxpayers
Student loan season, also known as when students file for financial aid, looks a little different this year. Some changes to application forms and deadlines for the 2024-2025 academic year can bring confusion, and scammers can take advantage of those who are clouded with it. The Biden administration announced a student loan forgiveness program near
This week, the Biden Administration announced a plan to cancel $7.4 billion in student loans for 277,000 borrowers. The U.S. Department of Education reports that Texans have the second-highest amount of student debt, behind Californians. 3.8 million students owe $33,400 on average. Fewer than 20% of Texas borrowers are on an income-driven repayment plan. Here’s
Alaska is asking the U.S. Department of Education to waive a federal requirement placed on federal COVID relief funds after the feds alleged the state failed to pay $29 million to four urban school districts. At the center of the dispute: a hold—harmless provision designed to protect school districts with students from low-income families and
It’s last call to consolidate your student loans and have a shot at getting your debt canceled. The U.S. Education Department set April 30 as the deadline for borrowers to consolidate federal student loans and get a one-time payment adjustment this summer. Consolidating debt could help anyone hurt by loan servicing failures receive credit for