The Department of Education Will Provide Up to 20 Thousand Dollars in Debt Claims

The pause on federal student loan repayment will be extended one final time, through december 31. Two thousand 22 borrowers should expect to resume payment in january 20 23. The president championed the largest increase to pell grants in over a decade and one of the largest one time influxes to colleges and universities. This administration has already taken key steps to strengthen accountability,. including in areas where the previous administration weakened rules. To further reduce the cost of college. The president will continue to fight to double the maximum pell grant and make community college free. Meanwhile, colleges have an obligation to keep prices reasonable and insure borrowers get value for their investments, not debt they cannot afford.