Tag: student

Howard High School Student Elected To Education Board

COLUMBIA, MD — Zach Koung, a Howard High School rising senior, was recently elected the 2020-2021 student member of the board of education. The Howard County Association of Student Councils (HCASC) held the election online earlier this month, since the originally scheduled April election date was postponed due to the coronavirus pandemic-related school closure.

As the new student member of the board of education, Koung will be eligible to vote on all issues except those pertaining to budget, personnel or other restricted matters.

“My desire to help bring change in Howard County is what inspired me to run for SMOB,”

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Student loan giant Navient and borrowers settle lawsuit over troubled forgiveness program

Student loan giant Navient (NAVI) promised to revamp a loan forgiveness program designed for public servants after settling a 2018 class action lawsuit from student loan borrowers.

The preliminary settlement — still subject to final approval by the court — requires Navient to “enhance its internal resources, maintain regular training and monitoring for call center representatives, update forms that are sent to borrowers and update its website.”

Read more: How to repay student loans: The full breakdown

Part of the settlement involves Navient providing $1.75 million to a nonprofit organization that will provide education and student loan counseling to public

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Two public servants describe the government’s troubled student loan forgiveness program

Congress created the Public Service Loan Forgiveness Program (PSLF) in 2007 to help various kinds of public service workers erase their student debt after ten years of loan payments.

But management of the program is widely considered to be a failure as more than 98% of applications from teachers, firefighters, police, and other public servants are rejected.

Education Secretary Betsy DeVos has been sued multiple times over her department’s high denial rate, while Education Department (ED) officials contend that Congress designed the rules to be too restrictive.

To better understand the PSLF process, Yahoo Finance spoke with two public servants

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Assessing the latest big idea for fixing the U.S. student loan crisis

One of the solutions being floated involves income-share agreements (ISAs), a type of financing where a student pays for education by paying a percentage of their income after graduation.

“Over the last several years we’ve certainly seen a resurgence and the interest in using income-share agreements to finance higher education, and potentially for other uses as well,” Joanna Darcus, a staff attorney at the National Consumer Law Center, told Yahoo Finance. “And that the interest is primarily driven by financial companies, FinTech platforms, venture capitalists, and some institutions who are interested in exploring the model.” 

While not a new idea, … Read more

President Trump overturns an Obama-era student loan rule

Both chambers of Congress had passed a resolution to reverse a proposed policy by U.S. Education Secretary Betsy DeVos that would have changed how defrauded victims of for-profit colleges could seek debt relief.

But on Friday night, two months after the GOP-controlled Senate rejected the proposed policy, Trump vetoed it.

The president had two choices: Either sign the new resolution and affirm that his education secretary made a mistake by attempting to overturn the Obama-era rule or veto the bill and risk a political fight over debt relief in the middle of a pandemic.

The president chose the latter option.

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