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Michael Stratford Profile picture
@mstratford
Dec 20, 2020 • 4 tweets • 1 min read • Read on X
New – Key Congressional leaders have agreed to reinstate Pell grants for incarcerated students as part of a deal on a package of higher ed policies expected to be included in year-end omnibus spending bill, per aides:

subscriber.politicopro.com/article/2020/1…
Deal would lift longtime ban on Pell for incarcerated students that Congress imposed in '94 crime law signed by Bill Clinton & championed by then-Sen. Biden.

House approved bill w/ provision eliminating ban on Pell for prisoners over the summer.
Broad coalition has backed the effort -- incl. NAACP, ACLU, FreedomWorks, business groups, faith-based orgs, prosecutors, corrections officials.

.@BetsyDeVosED expanded & championed the Obama-era Second Chance Pell pilot program--and has called for Congress to make it permanent
MORE higher ed policies expected in omnibus, per aides:
➡️ Simplifying FAFSA & aid formula
➡️ $1.3B in forgiveness of fed loans owed by HBCUs
➡️ Removing 150% limit on in-school interest subsidy on some loans
➡️ Restoring Pell eligibility for students defrauded by their college

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More from @mstratford

Michael Stratford Profile picture
Apr 25, 2023
NEW: Biden admin officials are grappling with how to resume collecting student loan payments from millions of Americans – as a funding shortfall forces Ed Dept to cut customer service for borrowers.

politico.com/news/2023/04/2…
Ed Dept officials, Dems, consumer groups worry the admin may not have enough money to smoothly transition borrowers back into repayment.

Reduced call center hours. Longer hold times. Potentially slower paperwork processing. Extra outreach for at-risk borrowers in limbo.
Biden admin has started actively planning for return to repayment.

Here’s what we know about the plans -- which are in flux and could change -- per sources familiar with planning & docs obtained under public records requests:
Read 5 tweets
Michael Stratford Profile picture
Oct 8, 2021
NEW: Biden admin in Sept quietly granted Navient a two-year, $391M extension on its contract to collect federal student loans.

It came just before Navient announced last wk it wants @usedgov to approve a transfer of its ~6M accounts to another company.

subscriber.politicopro.com/article/articl…
The extension is latest wrinkle in complicated reshuffling of @usedgov’s student loan servicing landscape this year.

But some longtime critics of Ed Dept’s handling student loan servicing see latest Navi extension as emblematic of “too big to fail” contractors at the agency.
.@usedgov declined for the past week to say whether it had extended Navient's contract.

Minutes before our story was published tonight, @usedgov posted the Sept. 24 contract extension on a federal procurement website:
Read 6 tweets
Michael Stratford Profile picture
Oct 6, 2021
Biden admin today is unveiling a series of policies aimed at boosting the number of public service workers who qualify for a troubled federal student loan forgiveness program -- responding to growing calls by unions & Democrats to fix it.

subscriber.politicopro.com/article/2021/1…
➡️ Ed Dept says it will invoke emergency pandemic-related powers to temporarily waive some typical PSLF requirements.

It’ll retroactively count payments that public service workers made on ineligible types of federal student loans or repayment plans.
According to @usedgov:

The changes move 550K+ public servicer workers closer -- by an average of 2yrs closer -- toward the 10 years’ worth of payments they need for loan forgiveness.

22K borrowers will immediately qualify for relief; another 27K could qualify w/ more paperwork.
Read 7 tweets
Michael Stratford Profile picture
Jul 20, 2021
Another federal student loan servicer is calling it quits -->

Granite State Management & Resources, which has 1.3M borrower accounts, says it won't seek renewal of contract w/ @usedgov after Dec. 31.

subscriber.politicopro.com/article/2021/0…
@usedgov Granite State is dropping out after same decision by the much larger PHEAA/Fed Loan Servicing (~9M borrower accounts) earlier this year.

Biden admin is now going to have to reassign ~10M borrower accounts this fall.

Full statement from @FSACOO Rich Cordray:
@usedgov @FSACOO The announcement was made by the New Hampshire Higher Education Assistance Foundation (NHHEAF) Network, which is a trade name of the New Hampshire Higher Education Loan Corporation, which operates its loan servicing biz under the name Granite State Management & Resources. Got it?
Read 5 tweets
Michael Stratford Profile picture
Jun 11, 2021
New - @usedgov says it needs an extra year to implement the major overhaul to the FAFSA that Congress approved in Dec.

The new, simplified aid application won't debut until 2024-25 school year -- instead of 2023-24 as required in the law, @FAFSA says.

subscriber.politicopro.com/article/2021/0…
Background on the bipartisan deal that's supposed to drastically reduce questions on the FAFSA (from 108 to 36) -- it was included in the year-end govt spending & covid relief deal that Trump signed in Dec.:

politico.com/news/2020/12/2…
Biden admin says antiquated tech systems @usedgov are prompting the yearlong delay: blog.ed.gov/2021/06/a-prom…

There's bipartisan interest in Congress in a legislative deal to extend the deadline for Ed Dept to make the FAFSA changes.

.@virginiafoxx is on board, per spox: Image
Read 5 tweets
Michael Stratford Profile picture
May 14, 2020
House Democrats are significantly scaling back the student loan forgiveness provisions in their $3T coronavirus relief package, citing concerns about the cost:

subscriber.politicopro.com/article/2020/0…
Initial plan would have provided up to $10K in loan forgiveness to all borrowers:

Revised plan would limit the $10K in loan forgiveness only to those borrowers who were “economically distressed” on the day *before* Trump declared a coronavirus national emergency (March 12).
Borrowers would be considered "economically distressed" if their monthly payment under an income-based repayment plan was zero. Borrowers who are delinquent or in default -- or in financial hardship deferment or forbearance -- also qualify.
Read 7 tweets

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