President Joe Biden delivers remarks at the the White House on April 1, 2022.Demetrius Freeman/The Washington Post via Getty Images Biden is pushing off implementing the "gainful employment" rule in his regulatory agenda. The rule would prevent student-loan borrowers from taking on too much unaffordable debt post-grad. Biden has opposed advocates' efforts to reinstate the rule that was repealed under Trump. President Joe Biden's to-do list for the upcoming year has a lot of things on it, and a rule preventing for-profit student debt from growing isn't one of them.In 2014, then-President Barack Obama established what was known as the "gainful employment" rule, which cut off federal aid for schools that offer career and certificate programs that left their students with a large of amount of student debt compared to their likely post-graduation earnings.
Biden's Education Department Just Punted On A Policy That Could Keep Student-loan Borrowers' Debt From Piling Up After They Grad
asheffey@businessinsider.com (Ayelet Sheffey), Business Insider
Sat, 06/25/2022 - 4:30am
Topics: it one thing to say we white house april freeman/the washington post getty images barack obama education secretary betsy devos the gainful employment spring jason altmire ceo career education colleges universities james kvaal president donald institute college access success american federation california federation obama-era randi weingarten aft but biden october dan zibel business biden president joe biden the biden trump education education devos july education department insider department kvaal student defense teachers debt grad student-loan borrowers rule students advocates programs schools regulatory agenda process repealed prevent defrauded court year ensure undersecretary efforts federal amount pay spokesperson proposed pushed dollars told leave statement attended
BING NEWS:
- Student-loan borrowers in public service will now have to wait until July for their debt relief forms to be processed
The Public Service Loan Forgiveness program is transferring away from student-loan company MOHELA, and any applications for relief are now paused.
05/2/2024 - 7:59 am | View Link - The Education Department will transfer some student loan borrowers to a different servicer. Here's what you need to know
The U.S. Department of Education recently said that it will soon transfer some student loan borrowers to different servicers. Here's what you need to know.
05/2/2024 - 5:28 am | View Link - Education Department announces $6.1B in debt relief for Art Institutes students
The Education Department on Wednesday announced student loan debt forgiveness for borrowers who attended The Art Institutes.
05/1/2024 - 2:04 am | View Link - Do You Qualify for the New Student Loan Forgiveness Plan?
The Department of Education ... student debt relief plan rules on April 16. The administration’s latest student loan forgiveness plan could wipe out balances for 25 million borrowers.
04/29/2024 - 1:00 pm | View Link - Student Loan Borrowers Are Running Out of Time to Get Debt Canceled
Under the Biden administration, student loan borrowers can apply for a "loan consolidation," which combines all their federal student loans into one. Borrowers who consolidate their student loans ...
04/29/2024 - 5:59 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more