Student Financial Aid
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)
March 9, 2017Internal Revenue Service (IRS) and U.S. Department of Education Office of Federal Student Aid (FSA) Statement about the IRS Data Retrieval Tool (DRT)
December 12, 2016Education Department Establishes Enhanced Federal Aid Participation Requirements for ACICS-accredited Colleges
Beginning today, the U.S. Department of Education will inform colleges accredited by the Accrediting Council on Independent Colleges and Schools (ACICS) of additional operating conditions required for continued participation in the federal student aid programs.
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:
September 28, 2016
The U.S. Department of Education today announced that the three-year federal student loan cohort default rate dropped from 11.8 percent to 11.3 percent for students who entered repayment between fiscal years 2012 and 2013. The trend has moved downward since FY 2010, when the cohort default rate stood at 14.7 percent.
September 16, 2016U.S. Secretary of Education John B. King Jr., spoke at a college fair at Craigmont High School in Memphis, Tennessee, on Wednesday, Sept. 14, to highlight ways that students and parents can access and pay for college, as part of this year's "Opportunity Across America" back-to-school bus tour. The Secretary shared information about the new, early Oct. 1 availability of the Free Application for Federal Student Aid (FAFSA) and the College Scorecard—both resources that help students prepare to apply for college.
September 6, 2016Statement by U.S. Under Secretary of Education Ted Mitchell Regarding Announced ITT Educational Services Inc. Closure, Education Department Plan to Support Students
Following is the opening statement delivered today by Under Secretary Ted Mitchell in a press call with reporters to discuss the announced ITT Educational Services Inc. closure and the U.S. Department of Education's plan to support students.
Under Secretary Mitchell:
Thanks everyone for joining us today.
August 25, 2016Department of Education Bans ITT from Enrolling New Title IV Students, Adds Tough New Financial Oversight
The U.S. Department of Education today took a series of actions to protect students and taxpayers by banning ITT Educational Services, Inc. (ITT) from enrolling new students using federal financial aid funds, and stepping up financial oversight of the for-profit educational provider.