Maryland-based 2U, one of the largest providers of online higher education, is suing the Education Department over heightened regulation of its contracts with colleges and universities.
A spate of legislative reforms of the troubled agency, including transferring control to the state treasurer, is underway, but account holders remain skeptical.
The vote on the University of Phoenix affiliation is largely symbolic as the University of Arkansas system president can move forward with the acquisition with or without board support.
The student aid office is delaying or curtailing plans to help millions of Americans ease back into the routine of paying their student loans after a three-year pandemic-era pause.
The University of Idaho will create a nonprofit to acquire the University of Phoenix in a $550 million deal unanimously approved by state education officials Thursday.
With the support of two Democrats and an Independent lawmaker, the Senate passed a resolution repealing the president's plan to cancel up to $20,000 of student debt for more than 40 million Americans.
The debt ceiling package made it official: After three years, the pandemic-induced pause on federal student loan payments is coming to an end in two months.