News Articles About College In Congress

Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation that would allow students with no income to forgo federal student loan repayments. His recommendations, which he developed with bipartisan support, would also simplify the FAFSA and reduce the number of federal loan repayment options from nine to two.

Senator Outlines Student Loan Relief in New Proposal

July 30, 2020 11:49 AM
by Izzy Hall
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation
If you're worried about how you will pay for college during the COVID-19 pandemic, you're not alone. Students and families are concerned about the college financial ramifications as a result of the coronavirus pandemic, and higher education institutions are anticipating an increase in students' financial aid need, as well as a large number of college financial aid appeals. Fortunately, there are ample options and resources to help you pay for college these coming semesters. Explore the various options to find out which works best for your situation - from scholarship deadline extensions to relief provided through the CARES Act and more.

Paying for College during Coronavirus

June 26, 2020 3:48 PM
by Susan Dutca-Lovell
If you're worried about how you will pay for college during the COVID-19 pandemic, you're not alone. Students and families are concerned about the college financial ramifications as a result of the
Scholarships are free money to go to college… right? The majority of the time, that holds true. But there are times where students may have to pay taxes on scholarship funds. While normally tax-free, the IRS states that if scholarship funds are used for “incidental expenses” like housing, transportation or meal plans, those funds must be included in a student’s gross income statement. Even scholarships intended to be used for room and board or for meal plans at school must be reported.

Will You Pay Tax on Your Scholarships?

June 5, 2020 1:53 PM
by Izzy Hall
Scholarships are free money to go to college… right? The majority of the time, that holds true. But there are times where students may have to pay taxes on scholarship funds. While normally tax-free,
A month ago, it may have felt that the only thing in deficit at the store were toilet paper rolls. Now, as people's routine grooming schedules have been put on hold, many are taking matters into their own hands by becoming at-home stylists. With clippers being one of the newer hot items, it brings a newfound appreciation and begs the question: How has the coronavirus impacted beauty schools and its cosmetology students? Fortunately, they're all in for a financial makeover.

Stimulus Aid for Beauty Schools, Cosmetology Students

April 23, 2020 11:21 AM
by Susan Dutca-Lovell
A month ago, it may have felt that the only thing in deficit at the store were toilet paper rolls. Now, as people's routine grooming schedules have been put on hold, many are taking matters into
The U.S. Department of Education plans to forgive $1.3 billion in outstanding student loan debt for roughly 25,000 disabled U.S. military veterans, beginning in July. Until now, the Department of Education had required veterans to formally apply for student loan forgiveness - having them complete unnecessary paperwork to secure relief from their student loans, even after the Department of Veterans Affairs had found that a veteran met the legal requirements for disability-related loan forgiveness. In 2018, over 30,000 totally and permanently disabled veterans eligible for student loan forgiveness had not completed the necessary paperwork; a majority of which had defaulted on their student loans.

Student Loan Debt Forgiveness for U.S. Military Veterans

February 4, 2020 3:29 PM
by Susan Dutca-Lovell
The U.S. Department of Education plans to forgive $1.3 billion in outstanding student loan debt for roughly 25,000 disabled U.S. military veterans, beginning in July. Until now, the Department of
If there is one thing upon which 2020 Presidential candidates and government officials agree, it is that something must be done to resolve the issue of college student debt, which has now outpaced credit card and auto debt. More than fifty percent of Americans believe that college student debt is a major problem, with the average college student currently graduating with $30,000 in student loan debt. Some of the proposed college debt plans - such as student loan forgiveness plans - would leave students debt-free, while others would offer new repayment and refinancing options. Here are some of the major changes that could take place in the near future:

Plans to Tackle Student Loan Debt in 2020

December 30, 2019 2:44 PM
by Susan Dutca-Lovell
If there is one thing upon which 2020 Presidential candidates and government officials agree, it is that something must be done to resolve the issue of college student debt, which has now outpaced
The federal government discharged more than $43 million in student loan debt for former students of recently closed for-profit colleges. Students who attended programs operated by Education Corporation of America, Dream Center Education Holdings, Vatterott College and Charlotte School of Law will be able to qualify for a full discharge of their federal loans if they were enrolled when their college closed or withdrew within 120 days of the official closure date and didn’t transfer to another institution, according to Inside Higher Education.

$43M in Loans Forgiven for Students of Closed Colleges

September 6, 2019 9:18 AM
by Susan Dutca-Lovell
The federal government discharged more than $43 million in student loan debt for former students of recently closed for-profit colleges. Students who attended programs operated by Education
The Education Department will rewrite its overhaul of a 2016 Obama Loan Rule - most likely by dropping the most restrictive provisions of an earlier attempt to replace the borrower-defense rule. The loan rule outlines how borrowers who were defrauded or misled by their college can seek loan forgiveness.

Education Dept. to Rewrite the 2016 Loan Rule Overhaul

January 22, 2019 3:55 PM
by Susan Dutca-Lovell
The Education Department will rewrite its overhaul of a 2016 Obama Loan Rule - most likely by dropping the "most restrictive provisions" of an earlier attempt to replace the borrower-defense rule.
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