Student Financial Aid
November 8, 2019Secretary DeVos Cancels Student Loans, Resets Pell Eligibility, and Extends Closed School Discharge Period for Students Impacted by Dream Center School Closures
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.
August 10, 2018
WASHINGTON—The U.S. Department of Education today announced a Notice of Proposed Rulemaking (NPRM) that proposes to rescind Gainful Employment (GE) regulations in order to provide useful, transparent higher education data to students and treat all institutions of higher education fairly.
January 25, 2018
As work continues to improve customer service and overall operations of the Office of Federal Student Aid (FSA), Secretary of Education Betsy DeVos announced the formation of a Strategy and Transformation unit to improve the delivery of financial aid to millions of students and their families. Secretary DeVos asked A. Wayne Johnson to lead the Office of Strategy and Transformation.
December 20, 2017
WASHINGTON – After careful review to ensure a fair and efficient process, the U.S. Department of Education (the Department) today unveiled an improved discharge process for borrower defense to repayment (BDR) claims.
September 27, 2017
The U.S. Department of Education today released the FY 2014 three-year federal student loan cohort default rate. The rate increased slightly from 11.3 percent to 11.5 percent for students who entered repayment between fiscal years 2013 and 2014.
August 31, 2017U.S. Department of Education Expands Focus on Enforcement and Consumer Protections for Students, Parents and Borrowers
Today, U.S. Secretary of Education Betsy DeVos announced a stronger approach to how Federal Student Aid (FSA) enforces compliance by institutions participating in the Federal student aid programs by creating stronger consumer protections for students, parents and borrowers against "bad actors." FSA is an office within the U.S. Department of Education.
August 1, 2017Secretary DeVos Announces Intent to Enhance FSA’s Next Generation Processing and Servicing Environment
WASHINGTON—Today, U.S. Secretary of Education Betsy DeVos announced her intent to transform how Federal Student Aid (FSA) provides customer service to more than 42 million student loan borrowers.
June 30, 2017
Continuing to deliver on her promise of a regulatory reset at the Department of Education, U.S. Secretary of Education Betsy DeVos announced today the Department will allow additional time for institutions to comply with overly burdensome Gainful Employment regulations.
June 19, 2017Secretary of Education Betsy DeVos Delivers on Promise of Year Round Pell and Increased Flexibility for Students
WASHINGTON—Today, U.S. Secretary of Education Betsy DeVos announced Year Round Pell grants will be available to students beginning July 1, 2017. This policy change will ensure hundreds of thousands of college students have the resources needed to finish their coursework in a timeframe that meets their individual needs.
March 30, 2017Update: Internal Revenue Service (IRS) and Federal Student Aid (FSA) Statement on IRS Data Retrieval Tool (DRT)