Colleges Struggle to Provide Clarity Amid Disruption in Student-Debt Cancellation

"Three months ago the Biden administration, with much fanfare, rolled out a plan for canceling some student debt. But in the past week, after 26-million borrowers had submitted applications for relief, two court rulings brought it to a halt," The Chronicle of Higher Education reports.

... “We’re in a pretty complicated place, and even if we sort of expected this stop-go nature, being in the middle of it creates a lot of confusion and anxiety for borrowers,” said Justin Draeger, president and chief executive of the National Association of Student Financial Aid Administrators, or Nasfaa. “Trying to keep track of multiple lawsuits and the technicalities just adds to the confusion.”

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: 11/16/2022

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