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Cardona: 'Student loans were never meant to be a life sentence, but it’s certainly felt that way.'
With many Americans struggling from inflation and the pandemic, the President and his team grant another pause to those with education debt.
The Administration also wants to give more help to HBCUs and MSIs, as well as improve career pathways.
Nearly 1,800 former students will receive more than $70 million in federal student loan relief from the Department of Education.
The money comes from the Higher Education Emergency Relief Fund, part of a federal coronavirus aid package.
The transformational package that includes relief for HBCUs, MSIs and low-income students has one last obstacle to clear.
Pell Grant money for students, billions for HBCUs are tied to the key vote from House representatives.
The students said they will not leave until their demands are met by presidents of the schools and addressed by federal officials.
Four new divisions, including an investigations group, will perform oversight of colleges and universities to ensure compliance.
The U.S. Department of Education is improving the Public Service Loan Forgiveness Program and giving credit due to borrowers.
