The plan aims to fix “historical failures” and will provide debt cancellation to thousands of borrowers, according to the Education Department.
Category: Federal Aid (US)
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A New Federal Student Loan Program Will Move Millions Toward Forgiveness
The New York Times – Business: -
What is in the CHIPS Act, Aimed at Childcare Expansion and National Security
The New York Times – Business:A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well
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The CHIPS Act Is About More Than Chips: Here’s What’s in It
The New York Times – Business:A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well
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Pay and Plug: Federal Funds Spur Cleanup of Lost Oil Wells
The New York Times – Business:The National Park Service has started closing orphaned wells using money provided under legislation signed by President Biden.
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Two Fintech Companies Fueled Extensive PPP Loan Fraud, House Report Finds
The New York Times – Business:Executives at Womply and Blueacorn, which facilitated millions of Paycheck Protection Program loans, flouted rules and themselves collected improper loans, investigators said.
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US Approves Aid to Extend Life of California Nuclear Plant
The New York Times – Business:The Energy Department’s grant of $1.1 billion is the latest step that could keep the reactor in operation beyond its scheduled shutdown in 2025.
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Education Department Expands Student Loan Relief Programs
The New York Times – Business:A lengthy set of rule changes will reduce the total cost for many federal student loan borrowers and ease rules for debt elimination.
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The Student Loan Borrowers Who Keep Missing Out on Relief
The New York Times – Business:In a startling change, many in the Federal Family Education Loan (FFEL) program may no longer be eligible for up to $20,000 in debt cancellation.