Higher Ed Policy Roundup: Vol. 6 - Issue 21

Late last week, the Education Department published a webpage answering some frequently asked questions (FAQs) regarding the Biden-Harris Administration's plan for federal student loan forgiveness. Recall that the Administration announced a plan for student loan borrowers who earn less than $125,000 a year and households that earn less than $250,000 a year. The plan allows for $20,000 in forgiveness for Pell recipients and $10,000 in forgiveness for all other borrowers. The FAQs outline eligibility requirements, how to determine if you are a Pell Grant recipient and the types of loans that qualify for forgiveness. An online form will be available by early October to apply for forgiveness, and borrowers will have until December 31, 2023 to complete the application.

The potential legal dilemma on student debt relief.

Student loan servicers inundated with refund requests after forgiveness news.

How the Biden administration’s student debt cancellation rollout could get messy for borrowers.  

There were no relevant student aid-related bills recently introduced for consideration by the 117th Congress (2021-2022).