"White House Plan to Save Student Loan Borrowers Billions by Targeting Junk Fees"

1 min read
Source: The Hill
"White House Plan to Save Student Loan Borrowers Billions by Targeting Junk Fees"
Photo: The Hill
TL;DR

The Biden administration is taking aim at "junk fees" for college students and student loan borrowers, targeting four specific types of fees: student loan origination fees, college banking fees, automatic charges for textbooks, and leftover money in student meal plans. The administration aims to end these fees and provide more transparency for students, building on previous efforts to make the cost of college more transparent and prevent schools from withholding transcripts.

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