How the Education Department will suspend student loan payments

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The Education Department is planning to implement a six-month pause on federal student loan payments by April 10. But the benefits will apply retroactively to March 13, and borrowers can obtain a refund of any payments since that if they want.

COLLEGES PRESS DEVOS FOR QUICK ACTION TO DOLE OUT STIMULUS CASH:, as campus leaders scramble to address the widespread disruptions from the coronavirus and face growing financial woes., half of which must go to emergency financial aid to students. But colleges caught in the pandemic crisis want some answers soon as to how the Education Department is going to ship billions of dollars to their campuses.to discuss the coronavirus response.

— Among the major policy issues that the Education Department will have to decide is how colleges will be allowed to use the money that needs to be set aside for emergency financial aid grants to students. The department could issue guidance, or even develop regulations, governing how colleges are to spend that money.said Wednesday that it expected the stimulus funding to provide only a “modest” boost for higher education. The credit rating agency said in an analysis that the money is “equal to a very small portion of expenditures borne by colleges and universities.

that he could help admit them into a USC graduate degree program through his now-defunct academic consulting company, So Cal International Group, Inc.and being paid a total of $38,000 from students and people he thought were working with international students, including an undercover law enforcement official. He faces a maximum penalty of 20 years in federal prison.

 

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