Brought to you by:
Sparrow. Sparrow is the easiest way to search and compare real, personalized private student loan offers from over 15+ lenders through a simple, three-minute application. Sparrow's suite of analytical tools make loan comparison easy, digestible, and visual. Best of all -- Sparrow is entirely free and does not impact your credit score.
Low-income student parents on average would need to work 52 hours per week, on top of their full-time classes, to cover child care and tuition costs at a four-year public institution in the U.S., a new report by the Education Trust (Ed Trust) and Generation Hope found.
Recent reports have indicated that American attitudes toward higher education have wavered in recent years, with the country’s positive outlook of the sector dropping significantly since the onset of the pandemic and the economic uncertainty that has impacted the general workforce.
NASFAA signed onto a letter urging Education Secretary Miguel Cardona to extend the Public Service Loan Forgiveness (PSLF) waiver, which expires Oct. 31. "If such a step is not taken, borrowers will face repeated changes in the criteria used to evaluate PSLF eligibility, causing confusion and a further erosion of public trust in the program," the groups write.
Under the Fresh Start initiative, as early as Aug. 17, 2022 (and possibly earlier), defaulted borrowers regain eligibility for all forms of Title IV aid (grants, work-study, and loans) if they hold Fresh Start-eligible loans. This initiative is detailed in the Fresh Start fact sheet and Dear Colleague Letter GEN-22-13. This guidance is based on those and additional information NASFAA has received from the Department of Education (ED). View the full answer to this question to learn more.
Please join us in congratulating Dr. Rob Kniss, formerly the executive director of student financial aid and scholarships at University of Memphis, who is now the executive director of student financial aid and scholarships at Texas Tech University. Celebrate your own career developments by completing the "Movers and Shakers" form to share the news with your colleagues.