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On 6 September 2024, the loan agency announced that it has disbursed the sum of N2,416,183,516.80 to additional 40 institutions [23] to bring the total disbursements to institutions to 59. On 17 February 2025, the agency disclosed that it paid N22,736,960,971 as institutional loan for 215,514 students at the end of 2023/2024 academic session. [24]
On January 27, 2025, memo M-25-13 was released by Matthew Vaeth, acting director for the Office of Management and Budget (OMB). [1] [2] The memo said that the federal government of the United States in fiscal year 2024 spent over $3 trillion in federal "financial assistance, such as grants and loans", criticized the usage of "resources to advance Marxist equity, transgenderism, and [Green New ...
Among other activities, MARA offers loans to Bumiputra entrepreneurs. [5] Such loans may be repaid either in the conventional Western manner or via Islamic banking, better known as the Sharia system. [6] MARA also offers business starter courses, vocational training, consultancy services, and marketing help for Bumiputra entrepreneurs. [7]
However, FedLoan stopped servicing federal student loans after December 2022 and the Department of Education then transferred the loans it was servicing to Nelnet, Edfinancial, Aidvantage or MOHELA.
Conduent Education Services, formerly ACS Education Services, was a company that serviced private, campus-based and federal student loans. It closed on Sept. 1, 2019, and transferred its loans to ...
President Joe Biden has been fighting for student loan debt forgiveness over the past few years of his term. In 2023, the Supreme Court rejected his initial plan to wipe student loan debt totaling...