News

Report: Income-Driven Repayment Changes Estimated to Cost $333B

Report: Income-Driven Repayment Changes Estimated to Cost $333B

Inside Higher Ed Katherine Knott January 31, 2023 The Biden administration’s proposed changes to income-driven repayment would cost $333 to $361 billion over the next 10 years, economists at the Penn Wharton Budget Model found. The estimate is more than double what the Education Department said the plan would cost. The department said the […]

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Independent Audit Flags ‘Material Weakness’ in ED’s Most Recent Budget Estimates for Student Loan Cancellation

Independent Audit Flags ‘Material Weakness’ in ED’s Most Recent Budget Estimates for Student Loan Cancellation

NASFAA Hugh T. Ferguson January 27, 2023 President Joe Biden’s student loan debt relief plan has come under increased scrutiny from an annual audit of the Department of Education’s (ED) finances. The audit, conducted by KPMG, an independent certified public accounting firm contracted by ED’s Office of Inspector General, reviewed the department’s financial […]

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Feds announce massive takedown of fraudulent nursing diploma scheme

Feds announce massive takedown of fraudulent nursing diploma scheme

ABC News Sasha Pezenik January 25, 2023 A massive, coordinated scheme to sell false and fraudulent nursing degree credentials has been brought down by a joint federal law enforcement operation, Justice Department officials said Wednesday. As first reported by ABC News, officials said the scheme involved peddling more than $100 […]

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