IDR Applications Back Online After Court-Mandated Revision
Good news for student loan borrowers! The U.S. Department of Education’s Office of Federal Student Aid (FSA) has reopened the online income-driven repayment (IDR) plan and loan consolidation applications. This comes after a temporary pause necessitated by a recent...
What Closing the Department of Education Means for Student Loans
The White House issued an executive order to begin the shutdown of the Department of Education. While the full implications remain, colleges can prepare for changes to how federal education programs are administered. With the potential chaos on student loans after the...
Why Colleges Should Stay Optimistic
This week’s leading story in higher education was about the significant reductions in the Department of Education. These cuts understandably caused concern for college leaders. Change is never easy, but colleges should focus on opportunities for growth and...
College Financial Sustainability: Budget Mindfulness, Default Aversion, and Strategic Enrollment
Challenges keep coming at college financial sustainability: enrollment instability, student retention issues, growing student loan delinquency rates, and recent changing federal policies and the attempt to dismantle the Department of Education. Institutions must...