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Education

Modernizing Federal Student Loan Servicing

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By: Richard Cordray, Chief Operating Office, Federal Student Aid, U.S. Department of Education This spring, Federal Student Aid (FSA) will begin improving how individual...
Education

Federal Student Aid Reaches Settlement Agreement with International Education Corporation for Student Aid Eligibility Violations

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The U.S. Department of Education today announced a settlement agreement with for-profit school owner International Education Corporation (IEC) and its subsidiaries –...
Education

U.S. Department of Education Deploys Federal Personnel, Funding, and Resources to Support Colleges, Students, and Families with Better FAFSA®

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The U.S. Department of Education (Department) today released a FAFSA College Support Strategy to provide additional personnel, funding, resources, and technology...
Education

U.S. Department of Education Office of Federal Student Aid Fines Grand Canyon University $37.7 Million for Deceiving Thousands of Students

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The U.S. Department of Education (Department) office of Federal Student Aid (FSA) today announced a $37.7 million fine against Grand Canyon University...
Education

U.S. Department of Education Takes Action Against Five Schools for Disbursing Federal Student Aid to Students Enrolled in Unaccredited Programs

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Today, the U.S. Department of Education (Department) announced settlement agreements with five law schools after a Federal Student Aid (FSA) investigation...
Education

U.S. Department of Education to Launch Application Process to Expand Federal Pell Grant Access for Individuals Who Are Confined or Incarcerated

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The U.S. Department of Education (Department) tomorrow will launch a new process through which institutions of higher education can apply to...
Education

U.S. Department of Education’s Office of Federal Student Aid Awards New Contracts to Five Companies to Serve Borrowers, Reduce Delinquency, and Improve Accountability

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Today, the U.S. Department of Education’s (Department’s) office of Federal Student Aid (FSA) announced it has signed contracts with five companies to...
Education

Federal Student Aid Denies Florida Career College Application to Continue Offering Federal Grants, Loans, and Work-Study Funds

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Following a thorough investigation, the U.S. Department of Education’s office of Federal Student Aid (FSA) informed Florida Career College (FCC) today...
Business

Federal Bank declines 5% on profit booking post strong Q3FY23

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Business

Next US Federal Reserve rate hike will amplify recession: Elon Musk

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