• Education

    Education Dept. to Start Reviewing Student Loan Forgiveness Programs

    The Education Dept. announced plans to issue new regulations for student loan forgiveness programs. These programs include forgiveness for borrowers with disabilities and defrauded borrowers. Hearings are scheduled for next month, but it could take some time for changes to be implemented. See more stories on Insider’s business page. The Biden administration is tackling the flaws in the federal student-debt forgiveness programs, but it could take a while to see results. On Monday, the Education Department announced it is beginning the process of issuing new higher education regulations, mainly concerning student debt-forgiveness programs. The first step of the process will be through holding hearings in June to receive feedback on…

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  • Education

    Outgoing Secretary of Education Betsy DeVos urged against student loan forgiveness in letter to Congress

    Outgoing Secretary of Education Betsy DeVos advised Congress to vote against student loan forgiveness, according to a letter obtained by CBS News and Politico. “Across-the-board forgiveness of college debts is not only unfair to most Americans, it is also the most regressive of policy proposals – rewarding the wealthiest sector of our labor force at the expense of the poorest,” she wrote. In the apparent farewell letter addressed to Senate Majority Leader Mitch McConnell, DeVos outlined a number of education policies, including allocating direct federal funding to students Visit Business Insider’s homepage for more stories. Outgoing Secretary of Education Betsy DeVos advised against student loan forgiveness in a letter sent…

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  • Education

    Outgoing education secretary advised against student loan forgiveness

    Outgoing Secretary of Education Betsy DeVos advised Congress to vote against student loan forgiveness, according to a letter obtained by CBS News and Politico. “Across-the-board forgiveness of college debts is not only unfair to most Americans, it is also the most regressive of policy proposals – rewarding the wealthiest sector of our labor force at the expense of the poorest,” she wrote. In the apparent farewell letter addressed to Senate Majority Leader Mitch McConnell, DeVos outlined a number of education policies, including allocating direct federal funding to students Visit Business Insider’s homepage for more stories. Outgoing Secretary of Education Betsy DeVos advised against student loan forgiveness in a letter sent to…

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  • Education

    Education Secretary Betsy Devos calls student debt forgiveness ‘a truly insidious notion’ and free college ‘a socialist takeover’

    Outgoing Education Secretary Betsy DeVos presented a spirited defense of her record after four years and skewered proposals from progressive politicians related to student debt cancellation and free college at the virtual 2020 Federal Student Aid (FSA) Training Conference on Tuesday. “After nearly four years on the job, I want to take a few moments to reflect on the remarkable transformations that we led at FSA in recent years,” DeVos said at the beginning of the keynote speech, “and then discuss what still needs to be done for students.” Read more: How to repay student loans: The full breakdown ‘A socialist takeover of higher education’ DeVos took aim at proposals…

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