Student Financial Aid
February 27, 2015
Following a review of 22 private collection agencies, the U.S. Department of Education announced today that it will wind down contracts with five private collection agencies that were providing inaccurate information to borrowers. The five companies are: Coast Professional, Enterprise Recovery Systems, National Recoveries, Pioneer Credit Recovery, and West Asset Management.
December 1, 2014Prepared remarks of U.S. Under Secretary of Education Ted Mitchell at the Federal Student Aid (FSA) Servicing Summit in Atlanta, GA
Good Morning! I want to welcome you all to Atlanta, and to thank you for participating in today’s event. This morning’s forum is something we’ve never done before, but Jim and I thought it was important to do given the increasing prominence that student loans have in the lives of both individuals and the nation.
August 29, 2014
As a result of President Obama’s executive actions to help make student loans more affordable, the U.S. Department of Education has announced several new steps to help federal student loan borrowers better manage their student debt.
February 5, 2014
Thank you for that kind introduction, Principal Maxey. Today, is a great day here at T.C. Williams High School for two reasons.
First, we’re here to fill out the Free Application for Federal Student Aid or FAFSA form. Note that word “free.”
December 13, 2013Education Department Releases Updated Financial Aid Shopping Sheet to Provide Students with Additional Transparency in College Costs
Today, the U.S. Department of Education released an updated version of the administration's financial aid model award letter, known as the Shopping Sheet, and announced that nearly 2,000 institutions of higher education have voluntarily committed to using this important consumer tool.
December 13, 2013Education Department Announces that All Legal Same-Sex Marriages Will Be Recognized for Federal Financial Aid Purposes
As part of the U.S. Department of Education's ongoing efforts to implement inclusive policies that reflect the diversity of American families, and consistent with the U.S. Supreme Court's ruling on Section 3 of the Defense of Marriage Act (DOMA) in United States v.
December 6, 2013
I'm pleased to be back at the FSA conference. And I'm excited to speak to you today for two reasons.
First, I want to celebrate the critically important but too often unrecognized work that financial aid officers do every day throughout our country.
April 29, 2013Education Department Announces Changes to FAFSA Form to More Accurately and Fairly Assess Students' Need for Aid
Today the U.S. Department of Education announced that beginning with the 2014-2015 federal student aid form, the Department willfor the first timecollect income and other information from a dependent student's legal parents regardless of the parents' marital status or gender, if those parents live together.
April 26, 2013Webinar for College Seniors and Young Workers to Address Managing Student Loan Debt and Saving for a Secure Financial Future
An April 30 webinar will provide tips and tools to help college seniors and young workers learn to budget for today's needs and tomorrow's goals. "Start Early to Take Charge of Your Financial Future" will be held from 3-4 p.m. EDT on Tuesday, April 30.
September 28, 2012
The U.S. Department of Education today released official FY 2010 two-year and official FY 2009 three-year federal student loan cohort default rates. This is the first time the Department has issued an official three-year rate, which was 13.4 percent nationally for the FY 2009 cohort, a slight decrease from the trial three-year rate of 13.8 percent for the FY 2008 cohort.