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About year ago, the U.S. Department of Education started accepting applications from public servants to have their student loan balances wiped away. Twenty-eight thousand borrowers applied for forgiveness in the Public Service Loan Forgiveness program; 96 were approved. To qualify, applicants must spend at least 10 years working for government agencies or certain kinds of nonprofits […]
The Department of Education isn’t your typical go-to for high drama in Washington, D.C. But this week hasn’t been typical. First, President Trump’s budget proposal called for drastic cuts to the department’s budget. Then, James Runcie, who oversaw the office that manages the federal government’s $1.3 trillion student loan portfolio, walked. In a rather critical […]
Education Secretary Betsy DeVos was on the Hill today defending the president’s 2018 budget request before a House appropriations subcommittee. The White House has proposed cutting or shrinking more than 30 federal education programs, shaving more than 13 percent off the overall budget. That’s the biggest proposed cut to the department’s discretionary funding since the […]