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  • U.S. Department of Education says Federal Student Aid Delivers on Secretary DeVos' Promise to Modernize, Personalize Customer Experience

    U.S. Department of Education says Federal Student Aid Delivers on Secretary DeVos' Promise to Modernize, Personalize Customer Experience| site |



    New Online Features Include Aid Summary and Loan Simulator


    (February 24, 2020) - - Today, the U.S. Department of Education published the following information:

    WASHINGTON — Delivering on U.S. Secretary of Education Betsy DeVos' promise to modernize and personalize customer experience with federal student aid, the Education Department announced today transformative upgrades to StudentAid.gov . The updated website now features new tools, which provide students with detailed information about the grants and loans they have received and guide them to a personalized recommendation for a loan repayment plan. Federal Student Aid (FSA) also launched a pilot that allows a subset of the office's 42 million borrowers, for the first time ever, to make student loan payments directly on StudentAid.gov. T...
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  • U.S. Department of Education, Consumer Financial Protection Bureau Sign Memorandum of Understanding to Better Serve Student Loan Borrowers

    U.S. Department of Education, Consumer Financial Protection Bureau Sign Memorandum of Understanding to Better Serve Student Loan Borrowers | site |



    (February 3, 2020) - - Today (February 3, 2020), the U.S. Department of Education published the following information: WASHINGTON — The U.S. Department of Education and the Consumer Financial Protection Bureau (CFPB) announced a new coordination agreement in order to better serve student loan borrowers. Under the newly signed Memorandum of Understanding (MOU) the agencies will share complaint information from borrowers and meet quarterly to discuss observations about the nature of complaints received, characteristics of borrowers, and available information about resolution of complaints. The MOU also provides for the sharing of complaint data analysis, recommendations, and analytical tools. "All student loan borrowers, whether they have a Federally-held or private student loan, deserve world-class service and...
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  • IRS and Treasury issue Guidance for Students with Discharged Student Loans and their Creditors

    IRS and Treasury issue Guidance for Students with Discharged Student Loans and their Creditors| site |




    (January 15, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The Internal Revenue Service and Department of the Treasury issued Revenue Procedure 2020-11 that establishes a safe harbor extending relief to additional taxpayers who took out federal or private student loans to finance attendance at a nonprofit or for-profit school.

    Relief is also extended to any creditor that would otherwise be required to file information returns and furnish payee statements for the discharge of any indebtedness within the scope of this revenue procedure.

    The Treasury Department and the IRS have determined that it is appropriate to extend the relief provided in Rev. Proc. 2015-57, Rev. Proc. 2017-24 and Rev. Proc. 2018-39 to taxpayers who took out federal and private student
    ...
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  • U.S. Department of Education says Secretary DeVos Delivers on Promise to Launch Centralized Federal Student Aid Information Hub for Students, Borrowers

    U.S. Department of Education says Secretary DeVos Delivers on Promise to Launch Centralized Federal Student Aid Information Hub for Students, Borrowers| site |


    (December 23, 2019) - - Today (December 23, 2019), the U.S. Department of Education published the following information:

    WASHINGTON— Delivering on U.S. Secretary of Education Betsy DeVos' promise to improve customer experience with the federal student aid process, the Department debuted today a new, centralized hub for customers to access student aid information. The new StudentAid.gov is now the singular place where students, parents, and borrowers can learn about available types of student aid, find the right repayment plan, complete loan counseling, and fill out the Free Application for Federal Student Aid (FAFSA®) form. The new StudentAid.gov consolidates into one singular location the student-facing portions of StudentLoans.gov, fsaid.ed.gov, and nslds.ed.gov. In addition to the revamped we
    ...
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  • U.S. Education Secretary DeVos Approves New Methodology for Providing Student Loan Relief to Borrower Defense Applicants

    U.S. Education Secretary DeVos Approves New Methodology for Providing Student Loan Relief to Borrower Defense Applicants| site |



    Education Department says, "While courts continue to deliberate, DeVos moves forward with ensuring harmed students receive relief"


    (December 10, 2019) - - The U.S. Department of Education published (today, December 10, 2019) the following information: WASHINGTON –Today, U.S. Secretary of Education Betsy DeVos announced the Department has implemented a new methodology for assessing borrower defense to repayment (BDR) claims, many of which were left behind by the previous administration. The new methodology relies on publicly available earnings data and a scientifically robust statistical methodology to determine harm. “Despite the mess we inherited from the previous administration, we committed from day one to getting this right for students and taxpayers,” said Secretary DeVos. “We cannot tolerate fraud i...
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  • U.S. Education Secretary DeVos Shares Vision for a Better, Stronger Federal Student Aid at Annual Training Conference

    U.S. Education Secretary DeVos Shares Vision for a Better, Stronger Federal Student Aid at Annual Training Conference | site |



    Unveils groundbreaking new NextGen customer service tools, discusses need for new structure and governance to meet growing demands


    (December 3, 2019) - - Today, the U.S. Department of Education published the following information: RENO, Nevada—Today, during a major speech at the annual Federal Student Aid (FSA) Conference, U.S. Secretary of Education Betsy DeVos unveiled a vision for a stronger, student-centered FSA. She detailed both what FSA can and is doing now, including continued enhancements to customer service through the transformative myStudentAid app, and what requires the action of others, including improving how FSA is structured and governed. "From submitting the FAFSA® to submitting payments; from seeing what a loan will cost over time to participating in exit counseling—we are updating everything
    ...
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  • Secretary DeVos Cancels Student Loans, Resets Pell Eligibility, and Extends Closed School Discharge Period for Students Impacted by Dream Center School Closures

    Secretary DeVos Cancels Student Loans, Resets Pell Eligibility, and Extends Closed School Discharge Period for Students Impacted by Dream Center School Closures| site |


    (November 8, 2019) - - Today (November 8, 2019) the U.S. Department of Education published the following information: WASHINGTON – U.S. Secretary of Education Betsy DeVos announced today that students who attended Art Institute of Colorado or the Illinois Institute of Art between January 20, 2018, and December 31, 2018, will have their student loans cancelled and their Federal Pell Grant eligibility restored. The Secretary also announced the Department will extend the lookback period of eligibility for closed school discharges for students who attended another 24 Dream Center schools that closed in December 2018. "The Department is committed to holding institutions and accreditors accountable to the students they serve," said U.S. Secretary of Education Betsy DeVos. "In this instance, students were...
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  • U.S. Department of Education Finalizes Regulations to Protect Student Borrowers, Hold Higher Education Institutions Accountable and Save Taxpayers 11.1 Billion Dollars Over 10 Years

    U.S. Department of Education Finalizes Regulations to Protect Student Borrowers, Hold Higher Education Institutions Accountable and Save Taxpayers $11.1 Billion Over 10 Years| site |


    (August 30, 2019) - - The U.S. Department of Education published (today) the following information: : WASHINGTON—Today, the U.S. Department of Education finalized regulations that will protect student borrowers, hold higher education institutions accountable and provide financial protections to taxpayers. The Institutional Accountability regulations, posted on the Department's website today, come after more than two years of deliberations, public hearings, negotiated rulemaking with a wide variety of higher education stakeholders and careful consideration of tens of thousands of public comments. "If a school defrauds students, it must be held accountable," said U.S. Secretary of Education Betsy DeVos. "There is no place for fraud in higher education, and it will not be tolerated by thi...
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  • U.S. Department of Education says Trump Administration to Automatically Forgive Federal Student Loan Debt for Totally and Permanently Disabled Veterans

    U.S. Department of Education says Trump Administration to Automatically Forgive Federal Student Loan Debt for Totally and Permanently Disabled Veterans| site |

    Presidential Memorandum builds on Secretary DeVos’ efforts to provide relief for eligible borrowers


    (August 21, 2019) - - Today (August 21, 2019), the U.S. Department of Education published the following information: LOUISVILLE, KY— Today, President Donald J. Trump signed a Presidential Memorandum that will significantly streamline the process to erase federal student loan debt for totally and permanently disabled veterans. Through a process called Total and Permanent Disability (TPD) Discharge, veterans will now have their student loan debt discharged unless they decide to opt-out of the process. The Department anticipates notifying more than 25,000 eligible veterans and continuing the discharge process on a quarterly basis. The memorandum issued today builds on improvements to the TPD discharge pr...
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  • U.S. Department of Education Announces Opportunity for Federal Student Loan Borrowers to be Reconsidered for Public Service Loan Forgiveness

    U.S. Department of Education Announces Opportunity for Federal Student Loan Borrowers to be Reconsidered for Public Service Loan Forgiveness



    Washington, DC - - (May 23, 2018) - - The U.S. Department of Education (Department) has launched a process for federal student loan borrowers to be reconsidered for loan forgiveness under a temporary expansion of the Public Service Loan Forgiveness (PSLF) Program. This limited opportunity—which the Department is referring to as Temporary Expanded PSLF (TEPSLF)—was made possible by a $350-million appropriation through the Consolidated Appropriations Act, 2018. The law provides additional conditions under which borrowers may become eligible for loan forgiveness if some or all of their payments made on William D. Ford Federal Direct Loan (Direct Loan) Program loans were made on a nonqualifying repayment plan for the PSLF Program. This opportunity is only ava...
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  • U.S. Department of Education and U.S. Department of Veterans Affairs Team Up to Simplify Student Loan Discharge Process for Disabled Veterans

    U.S. Department of Education and U.S. Department of Veterans Affairs Team Up to Simplify Student Loan Discharge Process for Disabled Veterans



    Washington, DC - - (April 16, 2018) - - The U.S. Department of Education (Department) has partnered with the U.S. Department of Veterans Affairs (VA) to make it easier for America’s disabled veterans to have their federal student loans discharged. “Our nation’s veterans have sacrificed much for our country. It is important that, in return, we do all we can to give them the support and care they deserve,” U.S. Education Secretary Betsy DeVos said. “Simplifying the loan forgiveness process and proactively identifying veterans with federal student loans who may be eligible for a discharge is a small but critical way we can show our gratitude for veterans’ service.” Acting VA Secretary Robert Wilkie said, “The hard work put into this impo...
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  • U.S. Secretary of Education Betsy DeVos Announces Release of Updated Every Student Succeeds Act Consolidated State Plan Template

    U.S. Secretary of Education Betsy DeVos Announces Release of Updated Every Student Succeeds Act Consolidated State Plan Template





    Washington, DC - - (March 13, 2017) - - In a letter delivered today to chief state school officers, U.S. Secretary of Education Betsy DeVos provided clarity on the Every Student Succeeds Act (ESSA) implementation and released the updated template for the consolidated state plans.

    Secretary DeVos issued the following statement:

    "The updated state template will ensure states are able to better serve students with the freedom and flexibility they deserve, and which Congress requires. My philosophy is simple: I trust parents, I trust teachers, and I trust local school leaders to do what's right for the children they serve. ESSA was passed with broad bipartisan support to move power away from Washington, D.C., and into the hands of those who are closest to serving our nation's students. "States, along with
    ...
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  • Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida

    Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida






    January 26, 2017


    Washington, DC - - (January 24, 2017) - - Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business.

    The stipulated final order announced today resolves charges the FTC and the State of Florida brought in April 2016, against Chastity Valdes and her companies, Consumer Assistance LLC, Consumer Assistance Project Corp., and Palermo Global LLC. The defendants allegedly lured borrowers with false promises of “eliminating” their student loan debts and repairing their credit and then charged illegal up-front fees, and posted positive online reviews of their services to appear as if customers wrote them.

    The order also bars the defendants from misrepresenting
    ...
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  • Staff Reporter 1
    U.S. Department of Education says Federal Student Aid Delivers on Secretary DeVos' Promise to Modernize, Personalize Customer Experience
    by Staff Reporter 1
    U.S. Department of Education says Federal Student Aid Delivers on Secretary DeVos' Promise to Modernize, Personalize Customer Experience| site |



    New Online Features Include Aid Summary and Loan Simulator


    (February 24, 2020) - - Today, the U.S. Department of Education published the following information:

    WASHINGTON — Delivering on U.S. Secretary of Education Betsy DeVos' promise to modernize and personalize customer experience with federal student aid, the Education Department announced today transformative upgrades to StudentAid.gov . The updated website now features new tools, which provide students with detailed information about the grants and loans they have received and guide them to a personalized recommendation for a loan repayment plan. Federal Student Aid (FSA) also launched a pilot that allows a subset of the office's 42 million borrowers, for the first time ever, to make student loan payments directly on StudentAid.gov. T...
    02-25-2020, 05:56 AM
  • Staff Reporter 1
    U.S. Department of Education, Consumer Financial Protection Bureau Sign Memorandum of Understanding to Better Serve Student Loan Borrowers
    by Staff Reporter 1
    U.S. Department of Education, Consumer Financial Protection Bureau Sign Memorandum of Understanding to Better Serve Student Loan Borrowers | site |



    (February 3, 2020) - - Today (February 3, 2020), the U.S. Department of Education published the following information: WASHINGTON — The U.S. Department of Education and the Consumer Financial Protection Bureau (CFPB) announced a new coordination agreement in order to better serve student loan borrowers. Under the newly signed Memorandum of Understanding (MOU) the agencies will share complaint information from borrowers and meet quarterly to discuss observations about the nature of complaints received, characteristics of borrowers, and available information about resolution of complaints. The MOU also provides for the sharing of complaint data analysis, recommendations, and analytical tools. "All student loan borrowers, whether they have a Federally-held or private student loan, deserve world-class service and...
    02-11-2020, 05:41 AM
  • Staff Reporter 1
    IRS and Treasury issue Guidance for Students with Discharged Student Loans and their Creditors
    by Staff Reporter 1
    IRS and Treasury issue Guidance for Students with Discharged Student Loans and their Creditors| site |




    (January 15, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The Internal Revenue Service and Department of the Treasury issued Revenue Procedure 2020-11 that establishes a safe harbor extending relief to additional taxpayers who took out federal or private student loans to finance attendance at a nonprofit or for-profit school.

    Relief is also extended to any creditor that would otherwise be required to file information returns and furnish payee statements for the discharge of any indebtedness within the scope of this revenue procedure.

    The Treasury Department and the IRS have determined that it is appropriate to extend the relief provided in Rev. Proc. 2015-57, Rev. Proc. 2017-24 and Rev. Proc. 2018-39 to taxpayers who took out federal and private student
    ...
    01-16-2020, 09:17 AM
  • Staff Reporter 1
    U.S. Department of Education says Secretary DeVos Delivers on Promise to Launch Centralized Federal Student Aid Information Hub for Students, Borrowers
    by Staff Reporter 1
    U.S. Department of Education says Secretary DeVos Delivers on Promise to Launch Centralized Federal Student Aid Information Hub for Students, Borrowers| site |


    (December 23, 2019) - - Today (December 23, 2019), the U.S. Department of Education published the following information:

    WASHINGTON— Delivering on U.S. Secretary of Education Betsy DeVos' promise to improve customer experience with the federal student aid process, the Department debuted today a new, centralized hub for customers to access student aid information. The new StudentAid.gov is now the singular place where students, parents, and borrowers can learn about available types of student aid, find the right repayment plan, complete loan counseling, and fill out the Free Application for Federal Student Aid (FAFSA®) form. The new StudentAid.gov consolidates into one singular location the student-facing portions of StudentLoans.gov, fsaid.ed.gov, and nslds.ed.gov. In addition to the revamped we
    ...
    01-09-2020, 06:33 AM
  • Staff Reporter 1
    U.S. Education Secretary DeVos Approves New Methodology for Providing Student Loan Relief to Borrower Defense Applicants
    by Staff Reporter 1
    U.S. Education Secretary DeVos Approves New Methodology for Providing Student Loan Relief to Borrower Defense Applicants| site |



    Education Department says, "While courts continue to deliberate, DeVos moves forward with ensuring harmed students receive relief"


    (December 10, 2019) - - The U.S. Department of Education published (today, December 10, 2019) the following information: WASHINGTON –Today, U.S. Secretary of Education Betsy DeVos announced the Department has implemented a new methodology for assessing borrower defense to repayment (BDR) claims, many of which were left behind by the previous administration. The new methodology relies on publicly available earnings data and a scientifically robust statistical methodology to determine harm. “Despite the mess we inherited from the previous administration, we committed from day one to getting this right for students and taxpayers,” said Secretary DeVos. “We cannot tolerate fraud i...
    12-13-2019, 09:01 AM

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