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Collin Binkley

Collin Binkley

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Biden administration is cancelling $7.7bn more in federal student loans for 160,000 borrowers

The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation.

22.05.2024 30

Fortune

Collin Binkley

Biden’s Education Dept. starts clock on regulation that would cancel student debt for over 25 million Americans

The paperwork for the regulation still has to go through a 30-day public comment period and another review before it can be finalized.

17.04.2024 20

Fortune

Collin Binkley

Biden White House cancels debt for another 206,000 borrowers in SAVE plan, bringing total to $4.8 billion

“I will never stop working to cancel student debt," President Joe Biden said in a statement, "no matter how many times Republican elected officials...

12.04.2024 40

Fortune

Collin Binkley

Oops. Education Dept. discovers calculation error in over 200,000 students’ financial aid applications

The Education Department says the problem won't affect 1.3 million applications processed correctly, but others have to be redone.

25.03.2024 20

Fortune

Collin Binkley

Biden accelerates new student loan cancelation plan that will benefit some Americans starting in February

Borrowers will be eligible for cancellation if they are enrolled in the new SAVE plan, if they originally borrowed $12,000 or less to attend college,...

12.01.2024 8

Fortune

Collin Binkley

The Biden administration is docking $2 million from 3 student loan servicers for botching the return to repayment

The Education Department said it will withhold payments from Aidvantage, EdFinancial, and Nelnet for failing to send timely statements to borrowers.

05.01.2024 20

Fortune

Collin Binkley

School children around the world saw an 'unprecedented drop in performance' during the pandemic, global study finds

“The whole world is struggling with math, and we are not immune from that,” said Peggy Carr, head of the U.S. National Center for Education...

05.12.2023 6

Fortune

Collin Binkley

Feds investigate 7 schools over allegations of antisemitism, Islamophobia—including 3 Ivy League colleges

"We at the Department of Education, like the nation, see the fear students and school communities experience as hate proliferates in schools."

17.11.2023 3

Fortune

Collin Binkley

Largest Christian university in U.S. hit with record $38m fine from Education Department for allegedly misleading students about program costs

The university dismissed the allegations as “lies and deceptive statements.”

01.11.2023 30

Fortune

Collin Binkley

Biden administration's second try at student loan relief will target those with 'unreasonable' debt loads, 25-year-old loans and other vulnerable groups

The proposal targets groups that are seen as especially vulnerable, focusing on those who owe so much, or make so little income, that they otherwise...

31.10.2023 6

Fortune

Collin Binkley

Biden’s second attempt at student loan cancellation is moving forward

Biden directed the Education Department to find another path to loan relief after the conservative court ruled that he couldn’t cancel loans using...

10.10.2023 30

Fortune

Collin Binkley

Congress gave schools $190bn in pandemic aid for tech firm software and services but there’s little evidence the programs helped students

The pandemic sparked a boom for tech companies as schools went online. Revenue skyrocketed and investors poured billions into startups.

09.10.2023 5

Fortune

Collin Binkley

Biden’s education chief is looking to use ‘whatever levers’ he can to discourage colleges from giving admissions preference to alumni and donor children

Secretary Miguel Cardona said legacy admissions must be revisited for the sake of diversity on campuses.

22.09.2023 5

Fortune

Collin Binkley

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