Education Department Drops Trump-era Student Loan Requirement

"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."

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Publication Date: 1/21/2022

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