Latest Student financial aid News

Borrowers denied student loan relief will get a second look

Oct. 13, 2021 15:10 PM EDT

Thousands of public servants who were rejected from a student loan forgiveness program will get their cases reviewed by the Education Department as part of a settlement in a lawsuit brought by one of the nation's largest teachers unions. The settlement announced Wednesday...

The end of student loan forbearance will be tougher on women

Oct. 13, 2021 07:13 AM EDT

Before the pandemic, wage disparities already made it tougher for working women to pay off student loans than men. Now, after a second year of juggling increased caregiving duties, over a million women have had to drop out of the workforce as a new/old problem looms: the restart of federal...

EXPLAINER: What's behind changes in student loan forgiveness

Oct. 08, 2021 00:40 AM EDT

A student debt forgiveness program with notoriously complex eligibility rules is getting an overhaul from the Biden administration, with the intent of extending debt relief to thousands of public workers. The Education Department announced Wednesday that it will lift some...

Troubled student loan forgiveness program gets an overhaul

Oct. 06, 2021 07:53 AM EDT

The Biden administration is temporarily relaxing the rules for a student loan forgiveness program that has been criticized for its notoriously complex requirements — a change that could offer debt relief to thousands of teachers, social workers, military members and other public servants. ...

Nick Cannon to pay off HBCU students' debt upon graduation

Sep. 29, 2021 17:12 PM EDT

RALEIGH, N.C. (AP) — Entertainer Nick Cannon is promising to pay off the loan debt of seven students at historically black colleges, including three in North Carolina, when they graduate. Cannon hosted students from Saint Augustine’s University, North Carolina A&T...

California woman accused in $6M student loan debt scam

Sep. 21, 2021 16:50 PM EDT

OAKLAND, Calif. (AP) — A California woman has been arrested on suspicion of masterminding a student loan debt relief scam that bilked thousands of borrowers out of more than $6 million, the state's top prosecutor announced Tuesday. Angela Kathryn Mirabella, 47, ran a...

Early data shows shifts in makeup of university enrollment

Sep. 11, 2021 15:38 PM EDT

TUCSON, Ariz. (AP) — The uncertainty of the COVID-19 pandemic has caused a national dip in college enrollment. Pima Community College, for instance, has seen a near 20% drop in enrollment since fall 2019. But drive across Tucson, and that’s not...

California community colleges flag broad attempted aid scam

Sep. 02, 2021 11:58 AM EDT

LOS ANGELES (AP) — Officials have detected more than 65,000 fake financial aid applications to California community colleges in what is believed to be a massive attempted financial aid scam. The Los Angeles Times reports Thursday that the fraudulent applications were...

Where to turn when a natural disaster upends your finances

Sep. 01, 2021 07:53 AM EDT

Natural disasters can upend lives in an instant, but unwinding the financial damage can take many months. Still, those affected have many sources of help. Here’s how you can get help and be strategic with your resources as you begin to rebuild after a disaster. ...

Albuquerque schools budget for teacher loans, fewer students

Aug. 31, 2021 15:49 PM EDT

ALBUQUERQUE, N.M. (AP) — New Mexico's largest school district wants to use federal pandemic funding to prevent staff layoffs. A proposal from Albuquerque Public Schools released Monday would direct $50 million in pandemic relief to offset a loss of state money tied to...