Washington — Cornell University has reached an agreement with the Trump administration to restore federal funding, with the university to pay $30 million directly to the federal government to put an end to claims by the Justice Department. Cornell will also invest $30 million in U.S. agriculture research. Cornell is one of the many universities the…
The Trump administration is proposing a new rule that would bar people with outstanding college loans from relief on that debt if their employers were found to be “undermining national security and American values through illegal means.” The proposed rule, announced Monday by the Department of Education, would restrict people from participating in the federal Public Student…
Millions of people with student loans who are enrolled in a popular repayment plan are now in limbo, with the Department of Education saying it has temporarily paused forgiveness for borrowers in its income-based repayment plan, or IBR. Such plans offer a double benefit for borrowers by lowering a person’s monthly loan repayment to reflect…
Millions of student loan borrowers could face a wake-up call Monday as the Department of Education resumes collecting on school loans. The restart of collections comes as data from a recent analysis shows delinquency rates among people with student debt are at an all-time high. After nearly five-years since the U.S. government first paused federal…