'It's moral hazard if you're only doing debt relief, but I believe we're balancing it out with accountability on colleges,' says Education Secretary Miguel Cardona.
Secretary of Education Miguel Cardona answers questions during the daily briefing at the White House Aug. 5, 2021, in Washington, D.C.On Wednesday, the federal Education Department zeroed out loan balances for nearly 153,000 borrowers. They are people who borrowed $12,000 or less, have been paying their student loans for at least 10 years, and enrolled in the Biden administration's
Would you explain how your authority is different when relying on this 1965 law than it had been under the law the Supreme Court rejected for you? We're using the regulatory process, which we believe includes public comment and negotiations with folks that don't agree with us. So we do believe through this process it can continue, but we recognize that no matter what turn we make, we're going to have folks challenging it. There are some that benefit from the system the way it was and I expect to hear from them. And, if I don't hear from them, that means I'm not pushing hard enough.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
'Unconscionable': Utah governor, others call out Board of Education member's social media post about studentChris joins FOX 13 after spending seven-and-a-half years at KSNW, the NBC affiliate in Wichita, Kansas, where he served as a bureau reporter, multimedia journalist and eventually Sports Director.
Les mer »
Biden to cancel $1.2 billion in first wave of early student-loan forgivenessAnnouncement comes as the White House is in the midst of revamping its broad debt relief plan
Les mer »
Biden cancels $1.2 billion in student debt six months ahead of schedulePresident Biden has unilaterally canceled an additional $1.2 billion in student debt for nearly 153,000 borrowers, the White House announced on Feb. 21, 2024.
Les mer »
Biden administration to forgive $1.2 billion in student debt for over 150,000 borrowersThe Biden administration said on Wednesday that it would forgive $1.2 billion in student debt for 150,000 borrowers enrolled its new repayment plan.
Les mer »
Biden administration announces $1.2 billion in new student debt reliefRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Les mer »
Houston ISD's New Education System Shows Promising ResultsHouston Independent School District's new education system, implemented by superintendent Mike Miles, has shown positive results in recent exams. However, Miles emphasizes that this is just one data set and more work needs to be done.
Les mer »