"The Biden administration is abandoning a Trump-era policy that would have required federal student loan borrowers to sign an online acknowledgment about their total student debt each year before taking out new loans," Politico reports.
..."In December, the National Association of Student Financial Aid Administrators urged the Biden administration to scrap the requirement and make the tool a voluntary option.
The annual loan acknowledgment tool is separate from the mandatory entrance and exit counseling that federal student loan borrowers must receive."
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: 1/21/2022