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What’s at risk if Congress doesn’t fund the government by Friday night
The federal government could shut down in a matter of hours if Congress does not cobble together a temporary funding plan on Friday.
What’s at risk if Congress doesn’t fund the government by Friday night
Facing intense pressure of the federal government potentially shutting down within days and disaster aid coffers that need replenishment, lawmakers are racing to cobble together a temporary government funding plan after President-elect Donald Trump torpedoed their last package on Wednesday.
Fewer low-income students applied for college financial aid after botched FAFSA rollout
Fewer low-income students applied for college financial aid for the current school year after the rollout of an updated version of the Free Application for Federal Student Aid, known as the FAFSA, was plagued with problems.
US bans Navient from servicing federal student loans
A federal regulator said Thursday that it is banning Navient from servicing federal student loans and ordering the company to pay $120 million.
What borrowers need to know after the Supreme Court kept Biden’s student loan repayment plan on hold
Millions of student loan borrowers are in limbo after the Supreme Court kept in place a block on President Joe Biden’s student loan repayment plan.
Appeals court halts fresh Biden administration efforts to cancel some student debt
The Biden administration’s efforts to cancel federal student loan debt for borrowers who enrolled in its new repayment plan took another Republican-led legal hit Thursday.
Biden announces additional $1.2 billion in student debt relief for 35,000 public-sector workers
President Joe Biden announced another round of student loan debt forgiveness Thursday, totaling $1.2 billion for 35,000 public-sector workers including teachers, nurses and firefighters.
IRS plans to increase audit rates of wealthy taxpayers by 50%
The Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation Reduction Act that passed in 2022.
Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group
The Biden administration said Wednesday that it has approved the cancellation of more than $6.1 billion in student loan debt held by 317,000 borrowers who previously attended The Art Institutes, a now-defunct network of for-profit colleges.
Biden to forgive $7.4 billion more in student loan debt for 277,000 borrowers
The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers.