Yasmine Arrington knows firsthand the challenges that come with having a parent in prison. Today, she and her nonprofit, ScholarCHIPS, have empowered more than 80 young people like her as they earn their college degrees.
Many of the borrowers received bills with charges higher than they should be. The Department of Education identified the errors and directed student loan servicing companies to place the impacted borrowers in an administrative forbearance during which they are not required to make payments.
Jon Donenberg – a key architect of Sen. Elizabeth Warren’s signature policy initiatives including her plan to cancel student loan debt – will join President Joe Biden’s National Economic Council as a deputy director, sources told CNN.
Although the Supreme Court struck down President Joe Biden’s signature student loan forgiveness program in late June, his administration has found ways to cancel more than $48 billion in debt since then.
A college admissions program popular among the country’s most selective universities may actually be skewed against lower-income applicants, college consultants and experts say.