Attorney General Kwame Raoul announced an agreement requiring the Trump administration to release the full balance of around $219 million in education funds owed to Illinois, which supports critical programs such as after-school enrichment, workforce development, and instruction for students learning English.
U.S. Department of Education
Posted inRegional
Student borrowers in default urged to consider Fresh Start program before deadline
Illinois Attorney General Kwame Raoul is encouraging Illinois residents whose eligible federal student loans have gone into default to enroll in the U.S. Department of Education’s Fresh Start program before the Sept. 30, 2024 deadline to apply.
Posted inLocal, News, Romeoville
Incarcerated students begin coursework at Sheridan Correctional Center
The Illinois Department of Corrections and Lewis University are partnering to give these students the chance to earn a bachelor’s degree in Professional Studies. The flexible degree program has been tailored to help students develop their professional skills. Faculty travel from the Romeoville campus to instruct students with the same coursework as students on the outside.
Posted inCommentary
OP-ED: Relieving the burden of student loan debt
Over 50% of Black borrowers report their net worth is less than they owe in student loan debt. Also, Black students are more likely to borrow, and borrow larger amounts, relative to other racial or ethnic subgroups. Black college graduates owe an average $25,000 more in student loan debt than white college graduates. Four years after graduation, 48% of Black borrowers owe an average of 12.5% more than they borrowed.
Posted in#NNPA BlackPress, Atlanta Daily World, Business, Community, Economy, Education, Featured, Financial Management, Law, National, News, NNPA, NNPA Newswire, Politics
Federal Student Debt Forgiveness Program Receives Massive Makeover
ATLANTA DAILY WORLD — The newly revamped Public Service Loan Forgiveness program will eliminate federal loans for all applicants after borrowers make 10 years of payments. An estimated 22,000 borrowers are eligible to get their loans canceled and an additional 27,000 borrowers could be deemed eligible if they get their past payments certified. Overall, a total of 550,000 borrowers are expected to be positively impacted by these changes.
Posted in#NNPA BlackPress, Business, Community, Education, Featured, Financial Management, National, News, NNPA, NNPA Newswire, Politics, Stacy Brown
Major Changes Announced to U.S. Department of Education’s Loan Forgiveness Plan
NNPA NEWSWIRE — In total, the Department estimates that over 550,000 borrowers who have previously consolidated will see an increase in qualifying payments with the average borrower receiving another two years of progress toward forgiveness.
Posted inTimes Weekly News
AG Raoul urges Department of Education to fix public service loan forgiveness program
Attorney General Kwame Raoul, as part of a coalition of 22 attorneys general, late last week urged the U.S. Department of Education to take robust action to fix the broken Public Service Loan Forgiveness (PSLF) program.
