Latest news with #OSU-Cascades
Yahoo
27-03-2025
- Business
- Yahoo
U.S. Department of Education reinstates income-driven student loan repayment plans
Oregon State University-Cascades students attend a graduation ceremony on June 17, 2018 in Bend. The U.S. Department of Education reopened applications for income-driven student loan repayment and consolidation a month after abruptly pulling the applications from its federal student aid site. (Photo courtesy of Rob Kerr/OSU-Cascades) One month after officials at the U.S. Department of Education abruptly stopped accepting new applications for income-driven student loan repayment plans; they've changed course. As of Wednesday, the agency's student aid website once again allows federal student loan borrowers to submit online applications for income-driven loan repayment and loan consolidation. Such applications are needed to participate in several loan repayment and forgiveness plans that millions of Americans have used to manage repayment for nearly two decades. Department officials said in a news release that they stopped accepting and processing applications for a month so that they could 'substantially' revise the income-driven loan repayment application. They say the application needed changes following a temporary pause on one repayment plan — the Saving on a Valuable Education, or SAVE plan — that has been on hold since Republican attorneys general sued in 2024. Oregon's Democratic U.S. Sen. Ron Wyden and Vermont's independent U.S. Sen. Bernie Sanders attributed the U.S. Department of Education's reinstatement of the repayment plans to pressure from student borrowers from Oregon and around the country and to a public letter they issued to department director Linda McMahon in early March. In that letter, the senators demanded to know why the agency abruptly pulled applications for income-driven loan repayment and loan consolidation from its site, 'without warning, without Congressional notification, and without clear guidance for borrowers on what they should do next or expect in the future.' Wyden in an email called the agency's change in course an 'uncommon victory for common sense.' 'This big win does not end the struggle for justice, and I'll keep watchdogging the Trump administration to ensure it follows through with this commitment we battled to secure,' he said. Plans that were affected by the stoppage include the Pay As You Earn, or PAYE, program and the Income-Contingent and Income-Based repayment plans. Each of these plans limits monthly repayments to a specific percentage of a borrower's discretionary income, and each sets out a term of repayment that ends with loan forgiveness after 20 to 25 years of regular repayment. It also impacted the Public Service Loan Forgiveness program, available to borrowers who work for government or nonprofit organizations and do public service work. Eligibility for the program, which forgives loans remaining after the borrower has made 120 qualifying payments, starts by applying for income-driven loan repayment and loan consolidation. More than 12 million student loan borrowers rely on all of these plans, according to U.S. Department of Education data, and more than 1 million borrowers had applied for income-driven repayment plans that were still processing as of the Feb. 24 application take down, according to Wyden spokesperson Hank Stern. The SAVE plan, at issue in litigation brought by Republican attorneys general and frozen since June 2024, made it easier for low-income borrowers to meet monthly repayment terms, requiring they pay nothing if their annual income is $30,000 or less. It also limited the amount of interest that could be collected on loans and forgave loans after 10 to 20 years based on their size. The Republican attorneys general ordered this was beyond the authority of the education agency. The first income-driven repayment programs were passed by Congress in 2007 and signed by former U.S. President George W. Bush, a Republican. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Yahoo
06-02-2025
- Politics
- Yahoo
Oregon's graduation rate increases show a proven path forward
More students graduated last year in Oregon than in all but one previous year — 81.8% of students earned their diplomas. (Photo courtesy of Rob Kerr/OSU-Cascades) Each student who graduates represents both a personal achievement and also a step toward a stronger Oregon. These graduates are the innovators, problem-solvers and leaders who will drive Oregon's economy forward. And the good news is more students graduated last year in Oregon than in all but one previous year — 81.8% of students earned their diplomas, with Black and African American students graduating at 74.8%, Hispanic and Latino students at 78.8% and former English Learners at 87.7%. These are some of Oregon's highest rates ever. We applaud the perseverance and hard work of the class of 2024. We are especially encouraged to see the overwhelming success of students enrolled in two or more Career and Technical Education courses. They graduated at an impressive rate of 97.7%. This group made up about one-third of the senior class. An almost 100% graduation rate for students focused on CTE classes is evidence that when the state commits to investing in what works — which it did through Measure 98's creation of a fund to ensure students are on track in ninth grade, bolster career and technical education and promote college readiness — than students, educators and our workforce benefit. But our work is not done. We still have too many scholars not crossing the graduation stage, nor entering the workforce or college prepared. Employers across the state depend on a workforce ready to take on the challenges of a rapidly evolving world, but that journey starts with something as foundational as learning to read. If Oregon is going to see larger increases in high school graduation and more prepared scholars, we must get serious about ensuring all children are strong readers before they leave third grade. Why? Because students who develop strong literacy skills by third grade are far more likely to stay engaged in school, graduate and build the skills employers need: critical thinking, communication and resilience. Yet far too many children in Oregon still lack access to the support they need to develop these essential skills. The pandemic has widened these gaps, and every year we wait to address them, the challenges grow. That's why the Early Literacy Success Initiative, which passed in 2023 and is being implemented now, is so critical. By fully investing in proven strategies that ensure children can read proficiently by third grade, we set them up for long-term success — not just in school, but in life. When students don't graduate, it's not just their futures at stake — it's all of ours. The cost of inaction is felt in diminished opportunities for individuals and in the growing challenges faced by an economy that depends on skilled, capable workers. Fully funding the Early Literacy Success Initiative by investing the $300 million needed to support all students, is our chance to change that trajectory, ensuring that Oregon's children — and in so doing, Oregon's economy — are set up to succeed. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
