The Biden administration on Thursday unveiled unprecedented policy changes designed to make it easier for federal student loan borrowers to discharge their student debt in bankruptcy.
The victory for borrowers follows recent legal setbacks over other federal student loan forgiveness initiatives.
Federal student-loan borrowers are disappointed by federal court decisions that have stopped President Biden’s student-loan forgiveness scheme. Advocacy groups are arguing that Biden should extend the pause on student-loan repayments until after the legal...
Tom Selleck has been hawking reverse mortgages for years. As he patiently explains in television ads, a reverse mortgage is just a loan, except the borrower decides how to pay it back. All true, of course. Nevertheless, reverse mortgages can have drawbacks. The...
Once a remote possibility as recently as a week ago, there are increasingly strong signs that the Biden administration may actually extend the ongoing student loan pause into 2023.
President Joe Biden made a campaign pledge to forgive $10,000 in federal student loans. In August 2022, Biden announced that he would fulfill that pledge and offer $10,000 in student-loan forgiveness to anyone whose income is less than $125,000. People who received...
Here’s where things stand, and what borrowers should know about the status of student loan forgiveness after a series of adverse court rulings.
While this was widely expected to be the final few months of the student loan pause, the legal battles surrounding Biden’s student loan forgivenes initiative is putting pressure on the administration to extend the pause yet again.
The Education Department has shut down the application for borrowers to apply for President Biden’s one-time student loan forgiveness initiative. A federal court struck down the program as illegal, putting the initiative in serious jeopardy.
A court in Texas has struck down President Biden’s unprecedented student loan forgiveness initiative, dealing a major blow to his plan to provide relief for millions of borrowers. Here’s what it means for borrowers.
Depending on a borrower’s specific circumstances, it is possible to apply for multiple student loan forgiveness programs to maximize the available benefits. But there are some important considerations that borrowers should factor in.
Here’s what the election results mean for student loan forgiveness, and for student loan borrowers in general.
No one has received any student loan forgiveness yet under Biden’s signature program, but the situation remains fluid for borrowers. Here are key updates.
Last spring, the Federal Trade Commission settled its case against St. James School of Medicine, a foreign medical school operating from two Caribbean campuses. According to the FTC, the school lied to students “about their chances of success–both in...
A single justice of the U.S. Supreme Court has denied another request to block Biden’s student loan forgiveness plan. Here’s what it means for borrowers.
Borrowers should start taking steps now to maximize their student loan forgiveness opportunities and prepare for repayment in January.
Biden blamed Republican state leaders for filing legal challenges that have temporarily paralyzed the student loan forgiveness initiative.
There’s a new development in a lawsuit challenging President Biden’s sweeping student loan forgiveness initiative. How a federal appeals court handles this new information may prove to be pivotal for the plan’s future.
Cabrini University, a small Catholic school near Philadelphia, is eliminating its Provost position as part of a plan to cut costs and balance its budget. It will also eliminate two associate provost positions and shrink the number of department chairs from 18 to...
Depending on what program borrowers apply for and when they submit their loan forgiveness application, there could be wildly different timelines for receiving relief. Here’s what borrowers can expect.
The new rules will curtail interest accrual and expand relief under several existing student loan forgiveness programs. Here are the details.
I recently returned from a river cruise down the Rhône River in France. Most of the cruise-ship workers hailed from eastern and central Europe–Bulgaria, Romania, the Balkan states, etc. I had many opportunities to watch the crew members at work, and I was...
President Biden predicts that despite ongoing legal challenges, borrowers will begin to receive student loan forgiveness under his signature one-time cancellation initiative within two weeks.
The Biden administration is rolling out a new student loan forgiveness plan that may benefit millions of borrowers. It’s not the one that is currently dominating the news, but it could ultimately be more significant than any of the programs the administration has...
The Biden administration on Tuesday announced major new updates to student loan forgiveness initiatives for millions of federal student loan borrowers as a temporary waiver comes to an end this week. Here’s what borrowers need to know.
If you haven’t taken steps to apply for student loan forgiveness under the temporary waiver yet, there’s still time. Here’s what borrowers should know.
A federal appeals court on Friday temporarily halted Biden’s student loan forgiveness program. The stay has already started to sow confusion and concern. Here’s what borrowers need to know.
A federal appeals court has temporarily blocked Biden’s student loan forgiveness plan. Here’s what it means for borrowers.
In a victory for borrowers, the Biden administration has defeated multiple legal challenges to its new student loan forgiveness initiative. But litigation continues.
If you’re preparing to apply for Biden’s one-time student loan forgiveness program, don’t make these mistakes.
Applications are surging for two of President Biden’s signature student loan forgiveness initiatives. Here’s what borrowers need to know.
President Biden on Monday spoke on his new student loan forgiveness plan, urging borrowers to apply as the newly-launched application moves from beta testing to full availability.
Here’s what you need to know if you’re thinking about applying for student loan forgiveness under this expiring initiative.
The Biden administration has launched a beta version of its student loan forgiveness application, and borrowers can apply now. But there’s a few things you should know first.
A long-awaited application for President Biden’s one-time student loan forgiveness initiative just went live on Friday. Here’s how to apply.
Honoring a campaign promise, President Biden will forgive $10,000 in personal student-loan debt owed by about 40 million college borrowers. The only people ineligible for this bonanza will be single persons who make more than $125,000 a year or married people making...
