simplified financial aid application for students - Student Tax OPtion

Applying to FAFSA is Now Simpler Than Ever

Thanks to Congress approval, the Free Application for Financial Student Aid (FAFSA) has been simplified and made more accessible to students seeking student loans and grants. Mentioning past tax returns is no long necessary while completing aid applications and the IRS will correspond with the Department of Education about family income information, effectively removing around twenty questions from the form. …

Education Department Findings on Defrauded Student Borrowers - Student Tax OPtion

With Extreme Displeasure: Defrauded Student Borrowers vs. the Education Department

Non-operational for-profit colleges were found to have provided false and misleading statements regarding the job placement status of its graduates. Specifically, Corinthian Colleges, Inc. consistently represented that its graduates secured jobs after graduating, or that its students were guaranteed employment after graduation. Corinthian Colleges and ITT Technical Institute are the two for-profit colleges involved in this scandal and essentially deemed …

Improving Teacher Hiring Practices - Student Tax OPtion

A Data-Driven Method Can Now Be Used to Hire Teachers

With the need for American schools to hire up to 300,000 teachers per year, amongst an already over-crowded applicant pool, researchers have sought out a method to resolve which particular teachers would be beneficial for their school districts. One way is being proposed by Lauren Dachille, the founder and CEO of Nimble – a tracking software that is data-driven and …

cost of failed charter schools on federal government - Student Tax OPtion

The Federal Government Paid $505 Million for Unsuccessful Charter Schools

From 2006 to 2014, over 35 percent of charter schools either closed or didn’t open at all, according to a new report released by The Network for Public Education. For the federal government, this came with a heavy cost of approximately $505 million, while the charter schools were funded over half of $1 billion thanks to the federal Charter School …

Viral Thread on Paying Back Student Loans - Student Tax OPtion

Viral Twitter Thread Exposes Troubling Student Loan Debt Reality

Lacy M. Johnson’s tweet in December 2019 about the troubling state of her student loan debt affairs triggered the start to a rude awakening that many Americans are facing: the never ending sinking hole of student loan debt. The tweet stated that, despite faithfully paying her loan balance for 11 years and she paid the total amount she believed she …

students wearing backpacks

Could Student Loans Become The Next Mortgage Crisis?

There is a new economic crisis potentially developing in America, and it could be due to today’s student loans. The mortgage crisis of 2007-2008 was the result of an abundance of unstable loans. A similar event could be brewing because of student loan debt There are about 45 million borrowers, and the total amount of debt owed is $1.6 trillion, …

Betsy DeVos Accused of Student Loans Scheme - Student Tax OPtion

The United States Secretary of Education is responsible for advising the President on federal educational policies

The United States Secretary of Education is responsible for advising the President on federal educational policies, agendas and pursuits. The role includes duties of overseeing educational funding and investigative offices. The currently serving US Secretary of Education is Betsy DeVos. Betsy DeVos was nominated by President Donald Trump and then confirmed by the United States Senate on February 7, 2017. …

Loan Forgiveness Goes Astray - Student Tax OPtion

Loan Forgiveness Goes Astray

In 2007, Congress created a program for student loan forgiveness. The lawmakers hoped the program would bring more people to lower paying careers with a promise that after 10 years, if the students were able to pay their student loan debt and pursue the chosen career, the remaining balance of their student loans would be written off. However, many of …

College Affordability Act Changes Student Loan Payoffs - Student Tax OPtion

The College Affordability Act is the Solution to Paying Student Loans

44 million Americans are afflicted with student loan debt, totaling to around $1.6 trillion. The question of how to pay off these loans has only grown more prevalent in recent years, particularly during times of economic crisis. However, an innovative legislative proposal titled the College Affordability Act was recently brought forth by House Democrats and could alter the way student …

One thing that could change the way you pay off student loans - Student Tax OPtion

What Does the College Affordability Act Mean for Your Student Loans?

To date, there are over 44 million student loan borrowers with a combined staggering $1.6 trillion student loan debt. Borrowers and their families in the low-income and middle-class socio-economic status bracket are most impacted by rising college tuition fees. Purposed to reform existing policies and procedures surrounding student loans, the House Democrats introduced the College Affordability Act in October. The …