"Buried within the Education Department’s fiscal 2021 budget request is a proposal that would transform student loan financing," Roll Call reports.
"Originally raised by Education Secretary Betsy DeVos at the end of 2019, it aims to spin Federal Student Aid — the branch of the Education Department responsible for overseeing student loan financing — into a separate agency.
But the National Association of Student Financial Aid Administrators is hopeful about the idea, and believes it could earn the support of Republicans and Democrats alike.
'I hope what it means is that at the end of whatever this process looks like, we have an agency that is more responsible to students and schools and other stakeholders,' says Justin Draeger, the group’s CEO."
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: 2/26/2020