June 23, 2024

Political Commentary

News Politics Business Sports

Weaponizing Student Loan Forgiveness – WSJ

1 min read

No act of public service goes unpunished. The Missouri Higher Education Loan Authority (Mohela) mounted a successful legal challenge to the Biden Administration’s $400 billion student loan forgiveness. Now the Administration is dunning the student loan servicer for problems the government caused.

Education Secretary Miguel Cardona and Federal Student Aid Chief Operating Officer Richard Cordray said Monday they are withholding $7.2 million in payment to Mohela for allegedly failing to send timely billing statements to 2.5 million borrowers before their loan payments restarted in October after the three-and-a-half year pandemic pause.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

2023-10-30 18:22:00

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator

Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.