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In October 2017, Great Lakes Higher Education Corporation reached an agreement to sell off 100% of the stock of its subsidiary, the Great Lakes Educational Loan Services, Inc. to Nelnet. [8] The company was to be sold for $150 million, initially keeping CEO Jeff Crosby in charge, but with a plan of consolidating the companies together. [9]
The program permits Direct Loan borrowers who make 120 qualifying monthly payments under a qualifying repayment plan, while working full-time for a qualifying employer, to have the remainder of their balance forgiven. [2] The earliest time in which borrowers could receive forgiveness under the program was after October 1, 2017.
American student loan debt is sky-high, with some estimates putting the total number over $2.19 trillion—that’s higher than all U.S. credit card and auto loan debt combined.
On January 11, 2013, Minister Diane Finley announced that a hard drive containing information of 583,000 student loan borrowers had been lost from a Canada Student Loans Program (CSLP)/HRSDC office in Gatineau, Quebec. [4] Borrowers who registered a loan between 2000 and 2006 were potentially affected.
To date, the Biden administration has forgiven $143.6 billion in student loan debt for 3.96 million borrowers. In addition to relief given to PSLF borrowers, 959,700 borrowers have received $47.3 ...
To be eligible, borrowers must make less than $125,000 a year or $250,000 if they’re a married couple. Pell Grant-recipients will receive up to $20,000 in student debt forgiveness from loans ...
In January 2021, ECMC Foundation launched the Catalyzing Transfer Initiative, a grant program said to be focused on student transfer. [ 33 ] In February 2021, New Mexico State University (NMSU) launched a financial literacy platform for its students as part of ECMC's Project Success, which is a three-year project to retain and graduate students ...
The U.S. Department of Education will discharge $415 million in student loans for nearly 16,000 borrowers who ... ITT Technical Institute’s nursing program and Minnesota School of Business/Globe ...