Study Guide
Our Akin Study Guide blog features the latest news and insights impacting key players in the education industry, including universities, colleges, academic medical centers and education service providers.
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Study Guide
Building on its previous efforts to reduce the cost of federal student loans, the Department of Education (DOE), as directed by the Biden-Harris administration, proposed a new rule on Tuesday, January 10, that would reform the federal student loan repayment process. The draft rule recommends a new income-driven repayment (IDR) plan for federal student loan borrowers in addition to simplifying current repayment programs and shortening the timeline for forgiveness.