SEARCH TODAY'S NEWS ARCHIVES

White House Issues Executive Order Seeking to Improve Higher Education Financing

By Hugh T. Ferguson, NASFAA Staff Reporter

In an executive order announced on Monday, the White House is taking steps to improve government interactions with student loan borrowers and the financing of their higher education goals.

In total, the administration is directing 17 federal agencies to implement 36 customer experience changes, including modernizing programs, reducing administrative burdens, and piloting new online tools and technologies to streamline processes for recipients of government services.

“The President is taking decisive action to promote fiscal stewardship by improving the Government’s service delivery to its customers, the American people,” the executive order read. 

Among those changes are several impacting the nearly 45 million borrowers managing their student loans.

“We are attuned to the needs of those we serve — including students, educators, parents and families, and communities,” said Education Secretary Miguel Cardona. “Today’s actions build on the President's Management Agenda, which outlines a bold vision for ensuring an effective, equitable, accountable Government that delivers results for all Americans.”

The improvements will seek to assist Direct Loan borrowers by creating a single repayment portal on StudentAid.gov — an end goal of the agency’s Next Gen initiative — and Public Service Loan Forgiveness (PSLF) candidates by reducing paperwork burdens for civil servants and active-duty service members. The executive order also seeks to ensure all students and borrowers receive relevant recommendations for benefits — including health care access, broadband support and nutritional assistance — to help reduce economic barriers to postsecondary education completion.

“We are encouraged to see the White House lend its support to these improvements to reduce the burden on student loan borrowers,” said Karen McCarthy, NASFAA vice president of public policy and federal relations. “We look forward to a timely implementation and robust outreach to borrowers to make them aware of the changes.”

Stay tuned to Today’s News for more coverage of this order and how it will impact higher education. Be sure to share your thoughts in the comments below.

 

Publication Date: 12/14/2021


You must be logged in to comment on this page.

Comments Disclaimer: NASFAA welcomes and encourages readers to comment and engage in respectful conversation about the content posted here. We value thoughtful, polite, and concise comments that reflect a variety of views. Comments are not moderated by NASFAA but are reviewed periodically by staff. Users should not expect real-time responses from NASFAA. To learn more, please view NASFAA’s complete Comments Policy.

Related Content

Fundamentals of Student Financial Aid - July 2022: Fundamentals of Student Financial Aid

MORE | ADD TO FAVORITES

Today's News for May 19, 2022

MORE | ADD TO FAVORITES

VIEW ALL
View Desktop Version