{"id":19641,"date":"2025-01-17T16:58:42","date_gmt":"2025-01-17T23:58:42","guid":{"rendered":"https:\/\/sehd.ucdenver.edu\/impact\/?p=19641"},"modified":"2025-01-17T16:58:42","modified_gmt":"2025-01-17T23:58:42","slug":"ed-review-01-17-25","status":"publish","type":"post","link":"https:\/\/sehd.ucdenver.edu\/impact\/2025\/01\/17\/ed-review-01-17-25\/","title":{"rendered":"ED Review (01\/17\/25)"},"content":{"rendered":"
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CAPSTONE EVENT<\/b><\/p>\n

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On January 14, the Department hosted a capstone event with stakeholders and staff, titled \u201cThe Impact: Our Fight for Public Education<\/a>.\u201d\u00a0 The event featured a keynote address<\/a> by Secretary Cardona, followed by a moderated discussion with students.\u00a0 It also featured remarks from Deputy Secretary Cindy Marten and Under Secretary James Kvaal (photos<\/a>).<\/p>\n

This event celebrated the Biden Administration\u2019s work to expand educational opportunity in partnership with educators, students, families, and public sector, private sector, and organizational leaders over the past four years.\u00a0 The speakers called for action to further raise the bar in education and continue to fight for students, families, schools, and communities.<\/p>\n

As part of the event, the Department publicly released a report<\/a> and state-by-state fact sheets<\/a> highlighting how the Administration leveraged historic investments not only to reopen schools and kick-start recovery after the pandemic but also to defend public education and deliver real results for America\u2019s students.\u00a0 Both resources are available on the agency\u2019s Raise the Bar web page<\/a>.\u00a0 Additionally, new videos capture progress in some core areas: academic excellence<\/a>, mental health and well-being<\/a>, educator shortage and conditions<\/a>, career and technical education<\/a>, Public Service Loan Forgiveness<\/a> (PSLF), and transforming education in Puerto Rico<\/a>.\u00a0 (Note: In a farewell video<\/a>, Secretary Cardona reflects on his journey through favorite photos, while, in a sign-off post<\/a>, he shares some things he is celebrating today.)<\/p>\n

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STUDENT LOAN FORGIVENESS<\/b><\/p>\n

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In successive releases (1<\/a> and 2<\/a>) this week, the Biden Administration announced additional actions to forgive federal student loans.\u00a0 After 33 executive actions, the Administration leaves office having approved a cumulative $188.8 billion in student loan forgiveness for 5.3 million borrowers.<\/p>\n

President Biden issued a statement<\/a> on the earlier round of actions.<\/p>\n

These latest announcements are related to several types of discharges.\u00a0 First, the Department approved 6,100 borrowers for $465 million under PSLF.\u00a0 Second, the agency approved some 85,000 borrowers for $1.26 billion in relief based on borrower defense findings.\u00a0 This includes three new sets of automatic discharges for groups of borrowers who were subject to the same misconduct.\u00a0 Third, the agency approved 61,000 borrowers with a total and permanent disability for $2.5 billion in relief.\u00a0 Finally, the agency authorized $600 million in relief for 4,550 borrowers through Income-Driven Repayment (IDR) forgiveness and another 4,100 individual borrower defense approvals for those who attended DeVry University.<\/p>\n

The total number of borrowers approved for PSLF is 1.069 million for $78.5 billion in relief, and nearly 633,000 borrowers have received $18.7 billion in disability discharges.\u00a0 Furthermore, the total number of borrowers approved for IDR (including the Saving on a Valuable Education [SAVE] Plan) forgiveness is 1.45 million for $57.1 billion in relief, and nearly two million borrowers have received $34.5 billion in borrower defense to repayment discharges.<\/p>\n

A state-by-state breakdown of the various forms of student debt relief approved by the Administration is available online<\/a>.<\/p>\n

In related news:<\/p>\n