More than 900,000 borrowers have had roughly $44 billion in federal student loan debts approved to be erased in the last year because of a little-understood effort to address past mistakes with federal income-driven (IDR) repayment plans, the U.S. Department of Education announced today.
In addition, the Department said almost 750,000 borrowers have now received up to $53.5 billion in relief through changes to the once-troubled Public Service Loan Forgiveness plan.
Combined, the Biden administration says it has approved the cancellation of nearly $132 billion in federal student loan debts for more than 3.6 million Americans.
“The data released today once again make clear that the Biden-Harris Administration’s relentless efforts to fix the broken student loan system are paying off in a big way … ” U.S. Secretary of Education Miguel Cardona said in a statement. “This level of debt relief is unparalleled and we have no intention of slowing down.”
The announcement is the latest result ..
Day: December 7, 2023
Government efforts to erase student loan debt have now reached 3.6 million borrowers
The College Board releases a new framework for its AP African American Studies course
The College Board has released the updated framework for its AP African American Studies course, which was embroiled in controversy earlier this year following criticism from Florida Gov. Ron DeSantis and state officials.
The College Board — which offers Advanced Placement courses that can help high school students earn college credit — said Wednesday that it arrived at the newest version of the course framework after “intense public debate.”
The new framework is intended to be used when the course officially launches in the 2024-2025 school year.
“This course is a vibrant introduction to a dynamic field that offers a broader perspective,” Brandi Waters, senior director and program manager of African American Studies in the Advanced Placement Program, said in a statement.
“This is the course I wish I had in high school,” Waters added. “I hope every interested student has the opportunity to take it.”
Months back, Florida’s Department of Education rejected the course, with state off..