Student Financial Aid
June 1, 2022Education Department Approves $5.8 Billion Group Discharge to Cancel all Remaining Loans for 560,000 Borrowers who Attended Corinthian
Today, the U.S. Department of Education (Department) announced it will discharge all remaining federal student loans borrowed to attend any campus owned or operated by Corinthian Colleges Inc. (Corinthian) from its founding in 1995 through its closure in April 2015. This will result in 560,000 borrowers receiving $5.8 billion in full loan discharges.
August 6, 2021
WASHINGTON – Today, the U.S. Department of Education (Department) announced a final extension of the pause on student loan repayment, interest, and collections until January 31, 2022. The Department believes this additional time and a definitive end date will allow borrowers to plan for the resumption of payments and reduce the risk of delinquency and defaults after restart.
July 29, 2021U.S. Department of Education Announces It Will Expand the Second Chance Pell Experiment for the 2022-2023 Award Year
Today, the U.S. Department of Education (Department) announced it will expand the Second Chance Pell experiment for the 2022-2023 award year. The Second Chance Pell experiment has provided education opportunities for thousands of justice-involved individuals who have previously been unable to access federal need-based financial aid.
July 13, 2021U.S. Department of Education Announces Temporary Changes to the Federal Aid Verification Process for the 2021-22 Award Year
Today, the U.S. Department of Education (Department) announced temporary changes to the federal student aid verification process for the 2021–22 award year. The temporary changes will provide relief to millions of students and colleges facing challenges as a result of the COVID-19 pandemic.
May 3, 2021U.S. Department of Education Announces Richard Cordray as Chief Operating Officer of Federal Student Aid
The U.S. Department of Education (ED) announced today that it has selected Richard Cordray as the Chief Operating Officer of Federal Student Aid. Cordray is the former Director of the Consumer Financial Protection Bureau and the former Attorney General of Ohio.
December 9, 2016
On March 23, 2018, the U.S. District Court for the District of Columbia remanded to the Secretary the December 12, 2016 decision of then-Secretary John King withdrawing the recognition of ACICS. On April 3, 2018, Secretary DeVos ordered further review of the agency's petition. Below are updated resources related to this ongoing review: