By Hugh T. Ferguson, NASFAA Managing Editor
The Department of Education (ED) has drafted plans to implement broadscale student loan debt cancellation should President Joe Biden decide to approve such a policy, which has been teased since the 2020 presidential campaign, according to an internal memo.
The document, first reported by POLITICO, provides details being considered by top ED officials over how the agency would go about implementing cancellation, how it would be automated, and what preparations the department is taking to communicate with borrowers before a potential announcement.
According to the report, no final decision has been made on how the relief would be structured or if the president is prepared to make such a decision. The internal communications also express concerns over a number of implementation issues, as well as “efforts to minimize legal risk” that could seek to challenge this use of executive authority.
Publication Date: 7/29/2022
New Bill Would Double Maximum Pell Grant, Introduce SAP Reset
Today's News for June 28, 2024
Today's News for June 27, 2024
Courts Block Portions of Biden's SAVE Repayment Plan
Today's News for June 25, 2024
Today's News for June 24, 2024
Court Blocks Maximum Program Length Rule for GE Programs
Today's News for June 21, 2024
NASFAA 2024 Closing Session: Special Tributes and Policy Updates
Today's News for June 20, 2024
ED Acknowledges ‘Tremendously Difficult Year’ and Provides a Federal Policy Update at NASFAA 2024
Today's News for June 18, 2024
ED Announces College Board President to Oversee Launch of 2025-26 FAFSA
NASFAA Submits Comments on GE/FVT Reporting Requirements
Today's News for June 17, 2024
ED Releases Guidance on Resolving Conflicting Information
ED: Batch Institutional Corrections Will Become Available in 'First Half' of August
NASFAA Calls on ED to Commit to October 1 FAFSA Launch for 2025-26 Cycle
Today's News for June 12, 2024
FAFSA Coalition Letter 25-26 Launch
NASFAA Urges ED to Commit to October 1 FAFSA Launch Date
Member Preview of NASFAA’s Comments on GE/FVT Reporting Requirements
NASFAA Endorses Student Loan Servicers Accountability Act
Federal Student Aid Program Summary for 2024-25
2024-25 FAFSA Key Dates Timeline
Cardona Outlines 'Full-Scale Review' Underway to Improve and Modernize FSA
NASFAA Submits Comments on ED’s Student Loan Debt Relief Proposal
Biden Administration Extends Loan Consolidation Deadline to Get Credit for Loan Forgiveness
Panel Highlights Concerns and Impacts of Delays in the FAFSA Timeline
NASFAA Comments on Proposed Changes to IPEDS Reporting
Off the Cuff - Episode 297 Transcript
Off the Cuff - Episode 298 Transcript
New Survey Paints Hopeful Picture on Higher Ed Value, But Costs and Completion Barriers Remain
Foxx on Cardona’s Tenure: ‘On All the Broad Strokes, You Have a Failing Grade’
NASFAA Shares Preview of Comments on ED’s Student Loan Debt Relief Proposal
Is Your Campus Ready for New Regulations Effective July 1, 2024?
ED Closes In on Reprocessed FAFSAs, Provides Temporary Filing Fix for Mixed-Status Families
Statement on FAFSA Reprocessing Update, Fix for Mixed-Status Families
You must be logged in to comment on this page.