President Biden will start notifying 153,000 student loan borrowers enrolled in the Save repayment plan that their debts — totaling $1.2 billion — have been forgiven.
Despite declining public support in some quarters and growing questions about the value and mission of higher ed, generous benefactors gave colleges $58 billion last fiscal year, according to a new survey. Higher education institutions in the U.S. took in $58 billion in philanthropic support during fiscal year 2023, according to the latest Voluntary Support of Education survey by the Council for Advancement and Support of Education, or CASE.