U.S. Department of Education data show those borrowers carry $20,000 or less in federal student loan debt – which the Biden administration wants to eliminate.
The U.S. Department of Education will have a new leader. Late Monday, in a 64 to 33 vote, the U.S. Senate confirmed Miguel Cardona to be the next Secretary of Education.
The memos show this unit reviewed thousands of borrower complaints against now-defunct, for-profit colleges, including Corinthian Colleges and ITT Technical Institute.
Lawmakers are calling for an investigation into a troubled student loan discharge program one day after an NPR report revealed that the program wasn’t helping the vast majority of those who are eligible.