"After decades of what it calls “historical failures in administering student loans,” the U.S. Department of Education is providing relief to college graduates navigating the volatile economy," Word In Black reports.

"Borrowers with multiple federal student loans, such as Perkins Loans, Parent Plus Loans, and Federal Family Education Loans, have until April 30 to apply for consolidation. The process requires applicants to select an income-driven repayment plan, which could, in some situations, lead to total loan cancelation.

'Many people went to school, borrowed to get higher degrees to enter those fields, and don’t make a lot of money,' says Jill DesJean, Senior Policy Analyst at the National Association of Student Financial Aid Administrators."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 4/19/2024