NASFAA Mention: Is Help Coming From Washington?

"Executive orders President Donald Trump signed this weekend may bring a little help to Americans, including continuing to excuse many student loan borrowers from making payments through the rest of the year," Inside Higher Ed reports.

"But the unilateral move to deal with a handful of the problems the nation is facing during the coronavirus pandemic does not include help for the nation's colleges and universities, which are seeking more than $110 billion in federal help the industry says it needs to stabilize difficult financial situations, reopen campuses safely or to protect them from coronavirus-related lawsuits.

... Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators, lamented that Trump's executive order continues to leave out those with federal Perkins and Federal Family Education Loan Program debt, who were left out of the current moratorium.

And advocates who have been pushing for broader debt relief, like Natalia Abrams, executive director of Student Debt Crisis, said Trump's order does not go far enough."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

 

Publication Date: 8/10/2020

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