“After months of hard work and lots of feedback from students, schools and other stakeholders, we can say with confidence that FAFSA is working and will serve as the gateway to college access and affordability to millions of students," Education Secretary Miguel Cardona said Thursday.
Students now can apply for federal college aid. Officials hope for a smoother rollout this year
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With about 1 million borrowers in default every year, Cardona said the new rule would prevent his agency from trying to collect money it's unlikely to recoup.
Student loan cancellation efforts continue for Biden administration
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