In some cases, borrowers may have to consolidate their student loans through a federal Direct consolidation program to qualify for new student loan forgiveness initiatives. But not always. Here’s a breakdown.
The White House has released a draft student loan forgiveness application for its one-time cancellation initiative. Here are the details.
Get Out of Debt Guy, an online debt counseling site operated by Steve Rhode, recently received a request for advice from Rose, a graduate of St. George University Medical School. Rose now owes more than half a million dollars in student loans. Rose said the quality...
This could be a big week for President Biden’s new student loan forgiveness initiative, as a court is set to hear arguments in one of several legal challenges seeking to block the program.
Here’s where things stand in terms of eligibility, and how to find out if your student loans qualify for forgiveness.
When I was a young man practicing law in Alaska, my senior partner gave me some advice I never forgot. Several times during my legal career, I had an opportunity to completely devastate a nefarious party that had pressed a frivolous claim against one of my clients....
The Biden administration has revealed the earliest date that student loan forgiveness will begin under a new initiative. But those plans may be threatened by mounting legal challenges.
College debtors definitely have a friend in President Biden. So far, his administration has approved $25 billion in loan forgiveness. In addition, it paused student borrowers’ monthly payment obligations until the end of 2022. More relief is on the way....
The Biden administration is moving forward with its student loan forgiveness plan, as top officials released new details on the application process.
The Merriam-Webster dictionary defines snafu as “a situation marked by errors or confusion.” The word is an acronym for “Situation Normal, All Fouled (or Fucked) Up.” Earlier this month, the Consumer Financial Protection Bureau issued a report...
The Biden administration yesterday announced sudden changes to eligibility rules for its new one-time student loan forgiveness plan, and questions are swirling. Here are key takeaways.
The Biden administration abruptly changed course on Thursday and announced it will limit eligibility for a sweeping new federal student loan forgiveness program.
Republicans have vowed to block President Biden’s new student loan forgiveness plan in court. And a new lawsuit filed by a conservative legal organization seeks to do just that. But will it succeed?
Aaron Klein, writing for Brookings Mountain West, reported recently that public flagship universities admit more out-of-state students now than they did twenty years ago. Klein’s research revealed that the share of out-of-state students at the states’...
A student loan forgiveness waiver for borrowers working in public service careers is expiring in a matter of weeks. Biden administration officials are stepping up outreach efforts, urging borrowers to apply as soon as possible. Here’s what borrowers should...
In the early 90s, I was program director for a specially-designed higher education institute at Louisiana State University. I designed the program for senior-level Chinese college administrators. In my hubris, I wanted to introduce my Asian audience to American...
There have been several significant new developments for student loan borrowers this week as the Biden administration begins rolling out various new student loan forgiveness initiatives. Here’s what you need to know.
Years ago, I traveled through central Uganda in a Land Rover, accompanied by a native guide. As we came around a curve in the road, we surprised a large troop of baboons. All the baboons ran away. Large and small, the whole group fled into the woods. All but one....
According to data compiled by the Education Department, 40 million federal student loan borrowers across all 50 states will get at least some portion of their loan balances forgiven under Biden’s new plan. Of those, half will have their federal student loans...
The Biden administration is ramping up student loan forgiveness processing operations for two key initiatives. As millions of borrowers get ready to submit their student loan forgiveness applications, here’s what to expect.
The Biden administration has updated key guidance regarding the Limited PSLF Waiver program, clarifying what borrowers need to do to apply for student loan forgiveness.
The Education Department just revealed that millions of federal student loan borrowers will receive refunds of payments as part of a sweeping new federal student loan forgiveness initiative.
President Biden put forth an unprecedented student loan forgiveness plan last month that will cancel $10,000 in federal student loans (or up to $20,000 in some cases) for qualifying borrowers. But some questions remain about the timing of the relief. Here’s what...
Biden’s new income-driven repayment plan may provide significant relief for millions of borrowers, in addition to student loan forgiveness. Here’s what you need to know.
The Biden administration has issued a flurry of new student loan initiatives during the last year including new student loan forgiveness plans, expansions of critical programs, and extensions of prior repayment relief. Many have deadlines. Here’s a comprehensive...
Vermont Law School, located in the bucolic village of South Royalton, has struggled recently with declining enrollment, demographic shifts, and “wobbly finances.” Consequently, VLS is rolling out new law-focused master’s degrees and changing its...
Biden’s student loan forgiveness initiative will become active in a matter of weeks. In the meantime, here’s what student loan borrowers can do to get ready.
Opinions and emotions are running high right now regarding student loan forgiveness. It is one of those topics that has become politicized rather than remain rational and logical. A recent post from Zachary Carter, the author of The Price of Peace: Money, Democracy,...
The Biden administration released significant new details on its plan to implement wide-scale student loan forgiveness. Here’s what borrowers should know.
Rather fail with honor than succeed with fraud. Sophocles Gustavo Arnal, the Chief Financial Officer of Bed, Bath and Beyond, leaped to his death from the 18th story of a Manhattan office tower on Friday. He was 52 years old. Arnal joined Beth, Bath & Beyond in...
Be real Baby, be real That’s all I ask of you Baby, be real. Sir Douglas Quintet An Officer and a Gentleman is a terrific movie about a couple who mistrust each other. Zack Mayo, played by Richard Gere, is an officer candidate at a Navy training facility. To put...
Froma Harrop, a shill for the progressive Democrats, chatted up the notion of secession in a recent op-ed column. Likely candidates in Harrop’s mind are “the rural South, Appalachia, and Texas.” Not all of Texas, apparently. She would like the city...
The world’s grain supplies are threatened by the war in Ukraine, one of the world’s largest wheat producers. In fact, Ukraine and Russia together produce a quarter of the world’s wheat. The U.S. Department of Agriculture, always ready to lend its...
Allegheny College, an old and respected school in western Pennsylvania, closed its Chinese program (an academic minor) and laid off the program’s only tenured professor, who is Asian. Apparently, Allegheny didn’t explain its decision very well, and now...
The Bottle Rockets, whose music has been compared to Woodie Guthrie’s, sing a poignant tune about a thousand-dollar car: A thousand dollar car, it ain’t worth nothin’ A thousand-dollar car, it ain’t worth shit Might as well take your thousand...
Like manna raining down from heaven, President Biden will cancel a mountain of college debt. Student debtors making less than $125,000 will get ten grand in relief. People who got Pell grants while in college will get $20,000 shaved off their college-loan balances....
