Higher Ed Dive Natalie Schwartz June 23, 2022 Dive Brief: The U.S. Department of Education agreed Wednesday to automatically forgive the federal student loans of roughly 200,000 borrowers to settle a class-action lawsuit alleging that the agency delayed granting relief to students who were defrauded by their colleges. Under the terms of the Sweet v. Cardona settlement, the […]
Read MoreHigher Ed Dive Natalie Schwartz June 22, 2022 Dive Brief: The U.S. Department of Education pushed back the timeline for publishing its proposal for a revised gainful employment rule to next year, meaning the earliest it could go into effect is mid-2024. The gainful employment rule is intended to ensure students who complete career education […]
Read More
Politico Michael Stratford June 22, 2022 The Biden administration has agreed to fully discharge the federal student loan debts of approximately 200,000 borrowers who claimed they were defrauded by their college but whose applications for relief have languished at the Education Department for years. The agreement, which could wipe out more than $6 billion of […]
Read More
Inside Higher Ed Meghan Brink June 23, 2022 Key regulatory agenda items will not be completed until July 2024 at the earliest. The Biden administration is putting off a final proposal on gainful employment and several other regulatory matters until next spring. The Office of Information and Regulatory Affairs released an update on several negotiated rule-making agenda items […]
Read More