Student

Biden's Education Dept. just announced a new office to 'vigorously investigate' schools' student-loan and federal aid abuses

18 days ago   |   By Business Insider

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Federal Student Aid unveiled an enforcement office to crack down on student-loan abuses.
The office will focus on investigating and penalizing schools who have engaged in misconduct.
Kristen Donoghue, an Elizabeth Warren ally, will lead the office.
In President Joe Biden's latest action cracking down on the student-loan industry, his Education Department established an Office of Enforcement to investigate and prevent abuses against students and student-loan borrowers. The department announced in a press release on Friday the establishment of the enforcement...
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AOC, Ilhan Omar, and 12 other Democrats put Biden's Education Dept. on deadline: In 2 weeks they want to know if it's legal to cancel $50,000 in student debt - or more - per borrower

18 days ago   |   By Business Insider

Reps. Ayanna Pressley, D-Mass., Ilhan Omar, D-Minn., Alexandria Ocasio-Cortez, D-N.Y., and Rashida Tlaib, D-Mich., on July 15, 2019.
Tom Williams/CQ Roll Call via Getty Images
Biden asked the Education Dept. to review his authority to broadly cancel student debt six months ago.
On Friday, 15 Democrats demanded the results of that review be released by October 22.
Biden's administration has been quiet on broad cancellation, but has enacted targeted loan forgiveness.
A group of House Democrats has given President Biden's Education Department a deadline. They want to know by October 22 if the...
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