The Biden administration announced on Friday that it would retroactively waive student loan interest for thousands of current and former active-duty military service members.
The Biden administration announced on Thursday that it will be automatically wiping out the student loan debt for 323,000 borrowers. Key details on the latest student loan forgiveness initiative.
So-called “targeted” student loan forgiveness could still result in widespread relief for millions of borrowers. However, it could also fall far short of what advocates hope the administration might do. Here’s what could be in store.
A new report illustrates a problem that many student loan borrowers face: they make payments on their student loans, but their loan balance goes up, not down. Advocates say mass student loan cancellation would fix the problem.
Tamara Parvizi, age 51, sought to discharge $653,743 in student-loan debt in a Massachusetts bankruptcy court. That’s a lot of debt–just shy of two-thirds of a million dollars. For 15 years, Parvizi took out student loans to pursue several degrees, and she...
A federal watchdog agency is warning that looming changes to federal student loan servicing may be only the beginning of a long period of uncertainty and upheaval for millions of borrowers.
Many years ago, when I was a fledgling attorney, my senior partner gave me some advice I never forgot. He told me that a competent attorney won’t make many errors, but all lawyers will make a mistake at some point in their careers.When you realize you made an...
Within the last week, the Biden administration has taken several significant actions on student loan debt. Taken together, these actions provide important clues about where the administration may be heading in terms of providing relief to student loan borrowers. Here...
The Biden administration is reversing policy guidance that advocates argued have hindered the ability of borrowers and state agencies to challenge unfair or potentially illegal student loan servicing practices.
The Biden administration is moving forward with a regulatory overhaul of key student loan forgiveness and repayment programs, including Public Service Loan Forgiveness and income-based repayment.
The Biden administration is moving forward with a regulatory overhaul of key student loan forgiveness and repayment programs, including Public Service Loan Forgiveness and income-based repayment.
Here’s what student loan borrowers need to know about how Biden’s extension of the student loan pause will impact payments, student loan forgiveness, and loan servicing.
The Biden administration has decided to extend the pause on federal student loan payments to January 31, 2022. Key details here.
The current pause on most federal student loan payments expires on September 30. The Biden administration is considering an extension.
Multiple major U.S. employers have begun offering free college as an incentive to attract new workers in a competitive market.
Is this the year of Jubilee? Is this the year that distressed student-loan debtors finally get to shake off mountainous debt in the bankruptcy courts? Maybe.This week, Senator Richard Durbin, an Illinois Democrat, and Senator John Cornyn, a Texas Republican, filed a...
A new bill would allow borrowers to cancel their student loan debt through the bankruptcy process. The fact that the bill has bipartisan sponsorship is significant, and suggests that it could have a real chance of passing and becoming law.
The U.S. Department of Education has started notifying millions of student loan borrowers of major loan servicing changes that will be unfolding in the coming months, and urging them to take steps now to prepare. But its advice is incomplete.
Advocates for student loan borrowers are warning Congress and the Biden administration that it would be a disaster for borrowers to have to restart their payments amidst simultaneous widespread disruptions to student loan servicing this fall.
Years ago, I was strolling along a lakeside hiking trail in a Dallas-area park. As I was walking across a wooden bridge, I looked down to see a ball of wriggling snakes below me.It was a big cluster–about the size of a beachball. I didn’t stick around...
I bought a Subaru in 2019, and the company promised to make a $250 donation to one of four Subaru-selected charities. Subaru calls this program “Share the Love.”As I recall, I selected Meals on Wheels, and I was glad to have Subaru donate some money to...
Tens of thousands of students will be eligible for millions of dollars in student loan forgiveness using federal stimulus money.
A leading Democrat has thrown a wrench into the campaign to enact mass student loan forgiveness. What will Biden do?
In explosive comments today, House Speaker Nancy Pelosi told reporters that President Biden does not have authority to cancel student loan debt, and questioned the wisdom of mass student loan forgiveness.
Recent bankruptcy decisions on discharging student loan debt have led to confusing and conflicting outcomes for borrowers. But efforts to reform the bankruptcy code to more easily allow student loans to be discharged in bankruptcy continue.
Recent bankruptcy decisions on discharging student loan debt have led to confusing and conflicting outcomes for borrowers. But efforts to reform the bankruptcy code to more easily allow student loans to be discharged in bankruptcy continue.
Leading congressional Democrats held a press conference this afternoon, urging President Biden to enact broad student loan forgiveness.
Leading congressional Democrats held a press conference this afternoon, urging President Biden to enact broad student loan forgiveness.
El Jornada del Muerto is a hundred-mile stretch of the Camino Real, which once ran from Mexico City to the northernmost region of the Spanish colonial empire. There is no water on this stretch of the Camino, no livestock forage, and no firewood. Literally,...
The student loan moratorium may be ending, and major student loan servicing transfers will begin soon. Borrowers should start preparing now for what will likely be a turbulent fall. Here’s what you can do.
The student loan moratorium may be ending, and major student loan servicing transfers will begin soon. Borrowers should start preparing now for what will likely be a turbulent fall. Here’s what you can do.
Martha Standish took out student loans when she was in her late 40s to get an undergraduate degree in accounting. Later she took out a Parent Plus Loan to help her daughter with college expenses.Eleven years after graduating, Standish filed an adversary proceeding in...
The Biden Administration has initiated a process to potentially fix the troubled Public Service Loan Forgiveness (PSLF) program.
After two major federal student loan servicers announced that they would be suspending their work for the U.S. Department of Education, advocates for borrowers are pushing President Biden to cancel student loan debt. Will he?
Less than two weeks after a major student loan servicing shakeup, yet another U.S. Department of Education student loan servicer is calling it quits. What will the Biden administration do?
After FedLoan Servicing’s recent announcement, student loan borrowers on track for PSLF may be understandably concerned about what lies ahead. Here’s what you need to know.
