Department of Education

Biden Looks to Halve Student Loan Payments for Some Borrowers
Biden Looks to Halve Student Loan Payments for Some Borrowers
January 10, 2023  |  Loans

The Biden Administration has proposed an income-driven repayment plan designed to ease student loan debt. The proposed regulations, announced Tuesday (Jan. 10) would amend the...

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The Struggles Of Crafting Digital Disbursements For University Students
The Struggles Of Crafting Digital Disbursements For University Students
February 13, 2020  |  Disbursements

Checks may be cumbersome and flawed, but they persist as one of the top methods by which businesses, legal firms and universities pass refunds to...

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Government Piloting Debit Card To Rein In Student Loan Refund Spend
Government Piloting Debit Card To Rein In Student Loan Refund Spend
February 01, 2018  |  Payments Innovation

The Department of Education is gearing up to roll out a pilot program in which college students’ federal financial aid surpluses will be distributed via...

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Government Pays $1B A Year On Student Loan Debt Collectors
Government Pays $1B A Year On Student Loan Debt Collectors
May 22, 2017  |  Loans

Over the last few years, the federal government has spent $1 billion a year to pay debt collectors to help struggling borrowers out of their student...

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Financial Aid Tool Breach Yields 100K Taxpayers Worth Of Stolen Data
Financial Aid Tool Breach Yields 100K Taxpayers Worth Of Stolen Data
April 07, 2017  |  Security & Fraud

The breach of a tool that parents and students can use to streamline the student lending process has allowed information for 100,000 taxpayers to get out...

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Education Department Warns Student Loan Forgiveness Program May Not Be Valid
Education Department Warns Student Loan Forgiveness Program May Not Be Valid
April 03, 2017  |  Debt

The Department of Education warned in a legal filing last week that more than 550,000 people who signed up for a student loan forgiveness program in which...

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The IRS And Department Of Ed Turn Off Financial Aid Tool Citing Security Concerns
The IRS And Department Of Ed Turn Off Financial Aid Tool Citing Security Concerns
March 10, 2017  |  Security & Fraud

Applying for financial aid just got a little bit harder for families looking to get a bit of help sending someone to college next fall....

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