Education Dept. changes student debt relief guidance, now excludes millions: Friday, Sept. 30. episode artwork

EPISODE · Sep 30, 2022 · 1 MIN

Education Dept. changes student debt relief guidance, now excludes millions: Friday, Sept. 30.

from WCNC Charlotte To Go · host WCNC Charlotte

 Guidance on who qualifies for Biden's student loan forgiveness program changed weeks before the application is set to open and will affect eligibility for millions of student loan borrowers. Borrowers who had Perkins loans or Federal Family Education Loans are at the center of the most recent change, NPR reported. Federal Family Education Loans, known as FFEL loans, were issued and managed by private banks but were backed by the federal government.The program ended in 2010, but over 4 million borrowers still have FFEL loans, NPR reported. Before Thursday, the Department of Education told borrowers they could consolidate the loans into federal Direct Loans to qualify under the debt relief program. "As of Sept. 29, 2022, borrowers with federal student loans not held by ED cannot obtain one-time debt relief by consolidating those loans into Direct Loans," the website says. Borrowers who applied to consolidate their FFEL and Perkins Loans into Direct Loans prior to Thursday are still eligible for the one-time debt relief through the Direct Loan program, according to the website.It is unclear why the department changed its guidance on FFEL loans.READ MORE: https://www.wcnc.com/article/news/nation-world/education-dept-changes-student-debt-relief-guidance/507-8fc37d55-cb70-4fe7-844a-db7a716e2457Virginia “Ginni” Thomas, the wife of Supreme Court Justice Clarence Thomas, stood by the false claim that the 2020 election was fraudulent during an interview Thursday with the House committee investigating the Jan. 6 insurrection, the panel's chairman said.“It’s a work in progress,” Rep. Bennie Thompson, D-Miss., told reporters after the more than four-hour interview ended. “At this point, we’re glad she came.”READ MORE: https://www.wcnc.com/article/news/nation-world/virginia-thomas-jan-6-hearing/507-4eb0d89f-37d7-4135-a065-120aa952961aWatch Wake Up Charlotte each weekday morning from 4:30 to 7 a.m. on WCNC Charlotte, and as always, join the conversation on social media using #WakeUpCLT! 

Episode metadata supplied by the publisher feed · Published Sep 30, 2022

Embed this episode

NOW PLAYING

Education Dept. changes student debt relief guidance, now excludes millions: Friday, Sept. 30.

0:00 1:41

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar podcasts found.

Frequently Asked Questions

How long is this episode of WCNC Charlotte To Go?

This episode is 1 minute long.

When was this WCNC Charlotte To Go episode published?

This episode was published on September 30, 2022.

Can I download this WCNC Charlotte To Go episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!