More Student Loan Changes Are on the Way. Here’s What to Expect
"In 2023, President Joe Biden's signature student loan debt cancellation plan died, a new repayment plan was born, millions of longtime borrowers got forgiveness and others saw their monthly student loan bills come due again," NerdWallet reports.
... "The Education Department won’t start sending students’ FAFSA information to colleges until late January. And that’s just the starting line — then, schools must build financial aid packages and get those out the door with enough time for families to make an informed decision, says Karen McCarthy, vice president of public policy and federal relations at the National Association of Student Financial Aid Administrators."
"'That May 1 [college decision] deadline day is on everybody's mind,' McCarthy says. 'Once we have an exact commitment from the department on when schools will actually get those processed FAFSAs, I feel like those conversations can then become a lot more real.'"
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Publication Date: 1/10/2024
