#Education Department withholding payment to student loan servicer after billing statement errors

#Education Department withholding payment to student loan servicer after billing statement errors

The Department of Education announced Monday that it is withholding millions of dollars in payment to the student loan servicer Missouri Higher Education Loan Authority (MOHELA) over billing statement errors it made.  The department said MOHELA “failed to meet its basic obligation” of getting the statements out in a reasonable timeframe, resulting in 2.5 million…

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#Student loan payments are coming back: 5 things to know

#Student loan payments are coming back: 5 things to know

Student loan payments return on Oct. 1 with hope, confusion and fear clouding the restart after a three-year pause.  The Biden administration is hoping to provide some relief to borrowers with a new income-driven repayment plan and an “on-ramp” repayment program, but the on-switch also comes as Congress is struggling to keep the government funded. …

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#Oh, SNAP: Is Biden’s food stamp expansion inflating grocery prices?

#Oh, SNAP: Is Biden’s food stamp expansion inflating grocery prices?

Since President Biden entered the Oval Office in January 2021, spending for the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps, has increased by 27 percent. This giant increase in SNAP funding has unsurprisingly coincided with a steep rise in food prices. According to the U.S. Department of Agriculture, “Average annual food-at-home prices were 11.4 percent…

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#The back-to-school debt blues hit hard on college campuses

#The back-to-school debt blues hit hard on college campuses

Congress, the Supreme Court and the president are still wrangling about student debt relief, continuing with their hyper-partisan and high-profile contest over debt forgiveness for student borrowers. With the fall semester starting back up this week and some 17 million U.S. college students gearing up for a new term, these high-level policy debates seem painfully distant and removed from…

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