Friday’s announcement is just the latest round of student debt cancellation enacted by the Biden administration, which has approved relief for more than 4.3 million people so far, including 96,610 people in Michigan.
The president’s plan builds on existing debt cancellation efforts and would extend loan relief to more than 30 million borrowers.
Through improvements to the public service Loan Forgiveness Program, the Biden administration has canceled loans for more than 871,000 public service workers.
In a late night meeting Sunday, Michigan State University trustees formally removed Rema Vassar as the board’s chair after she had resigned the post hours earlier following an outside report released last week.
Some of the accusations flung between members of Michigan State University’s governing board are true, an investigation from an independent firm found this week. It’s recommended that Gov. Gretchen Whitmer review MSU Trustee Chair Rema Vassar and Trustee Dennis Denno’s actions, which it says violated bylaws and codes of ethics at the university.
The new proposal will focus on providing debt relief to those with older loans or loans with large sums of interest; those with high-cost, unavoidable child care or health care expenses; borrowers who are highly likely to default; and others who face “financial hardship.”
The new FAFSA form has been released. The Free Application for Federal Student Aid (FAFSA) determines eligibility for federal financial aid.
Michigan State University named the chancellor of the University of North Carolina at Chapel Hill as it's next president Friday morning, ending a search that began last October after the previous president quit amid tension with the school’s governing board.
More than 56,000 Michiganders have had their student debt discharged or have been identified for debt relief due to the Biden administration's reforms of the student loan debt system.
A new scholarship program is translating to cheaper college tuition in Michigan. And millions of dollars are still up for grabs.
