"Education Secretary Betsy DeVos’s announcement Friday evening excusing student loan borrowers from making payments for another month, until Feb. 1, granted a reprieve to millions who’d faced the prospect of having to resume paying back their debts in less than a month, in the midst of the pandemic-induced recession," Inside Higher Ed reports. 

..."Justin Draeger, president of the National Association of Student Financial Aid Administrators, also foresees problems: “We’re relieved to finally have an extension of relief that’s clearly been needed for weeks, but extending it only to Jan. 31 is logistically problematic, given the ramp-up time needed to give borrowers accurate and timely information,” he said."

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: 12/7/2020