Summary List Placement

The Education Department announced in March that colleges could use funds from President Joe Biden’s American Rescue Plan to wipe out debt students owe to their schools, and since then, a growing number of colleges have been doing just that.

But while institutional student debt differs from federal student debt, schools are still removing a barrier to education that the president has yet to do.

Student debt owned by schools

Institutional student debt, or debt owed by students to schools, can take the form of overdue tuition bills and various fines accrued during school, and colleges can details ⇒

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