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The Department of Education (ED) on Friday announced that it will forgive $39 billion in federal student loan debt to 804,000 eligible borrowers enrolled in income-driven repayment plans.
The House Labor, Health and Human Services, Education, and Related Agencies (Labor-H) Appropriations Subcommittee on Thursday forwarded its fiscal year 2024 spending plan to the full appropriations committee. The bill contains an overall request of $67.4 billion to the Department of Education (ED), a reduction of $12.1 billion from the fiscal year 2023 enacted level and $22.6 billion less than the president’s budget request.
Last week, NASFAA President Justin Draeger joined the American Council on Education’s (ACE) dotEDU podcast to discuss the impact of the Supreme Court’s recent decisions to strike down the practice of race-conscious admissions practices and the Biden administration’s student loan forgiveness plan. Looking for more podcast episodes this summer? Be sure to check out the “Off the Cuff” featured episode page. Send us your questions, comments, and feedback.
No. Effective with the 2023-24 award year, Section 479A of the Higher Education Act of 1965 (HEA), as amended, [20 USC 1087TT] states that schools may not have a policy that denies all professional judgment (PJ) requests. According to guidance NASFAA has received from the U.S. Department of Education (ED), this extends to implementing deadlines after which an institution will not consider a PJ request. View the full answer to this question to learn more.