"President Biden is expected to make an announcement that his administration will be cancelling up to $10,000 in college student loan debt for each borrower. A lot of people are going to be unhappy about that," CommonWealth Magazine writes.

..."So, while $10,000 in debt forgiveness may well be a one-trick pony that will leave a lot of people wanting more (or less), there are some more moderate, practical solutions that could help reduce overall student loan debt while increasing college attendance and completion, particularly for low-income, first-generation, students of color.

For example, a group of the most knowledgeable experts on the front lines of this dilemma, the National Association of Student Financial Aid Administrators, just released a report, Protecting Borrowers & Advancing Equity: Systemic Solutions to Improve Federal Student Loan Servicing & Repayment, with nearly 50 very specific recommendations."

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: 6/3/2022