Biden’s budget proposal for fiscal year 2022 increases funding for higher education, but proposes no student loan forgiveness. Here’s what student loan borrowers should know.
As millions of Americans continue to struggle with $1.7 trillion in outstanding student loan debt, at least one state with a declining population has come up with a solution to attract new residents: offer to pay off their student loans.
A new development this week may have just complicated the potential paths to widespread student loan forgiveness. And it will increase pressure on President Biden to act.
A settlement agreement with a private student loan debt buyer following the collapse of a for-profit college chain will result in $2.6 million in student loan forgiveness for former students.
As the Biden administration proceeds with its legal review of student loan forgiveness, there are four key questions that will ultimately need to be answered.
President Biden has asked Education Secretary Miguel Cardona to prepare a memo on the president’s legal authority to cancel up to $50,000 in student debt. If he did that, the experts tell us, President Biden would forgive all college-loan debt for 36 million...
Borrowers hoping that President Biden will forgive student loans got a boost of hope this week. Here’s what it means.
I’ve been to Georgia on a fast train honey,I wudn’t born no yesterday.Got a good Christian raisin’ and an eighth-grade educationAin’t no need in y’all a treatin’ me this way.Billy Joe Shaver A while back, I met an elderly man who...
The Biden administration on Thursday indicated that the President is actively considering whether to enact widespread student loan forgiveness of up to $50,000. But no decision has yet been made.
A judge on Wednesday largely upheld strict new regulations enacted by former Education Secretary Betsy DeVos to limit relief under a federal student loan forgiveness program for borrowers who were defrauded by their schools.
In Goodvin v. Educational Credit Management Corporation, Judge Dale Somers, a Kansas bankruptcy judge, began his opinion with these words: “This student loan case fits the definition of insanity.”Judge Somers went on to chronicle the story of Jeffrey...
In 2019, a group of student-loan debtors filed a lawsuit against the U.S. Department of Education and Education Secretary Betsy DeVos. Claiming to represent more than 100,000 student-loan borrowers, the plaintiffs accused DOE of issuing “blanket...
Almost exactly one year ago, American higher education shut down in response to the COVID pandemic. All across the United States, universities closed their campuses and switched from face-to-face instruction to online teaching.Over the past several months, students...
A little good news. The COVID relief bill that Congress passed a few days ago includes modest tax relief for student debtors whose college loans are forgiven. Senators Bob Mendez and Elizabeth Warren introduced the Student Loan Tax Relief Act in the U.S. Senate as a...
The Biden administration today announced an expansion of emergency student loan relief that could protect hundreds of thousands of student loan borrowers from collections efforts. Here’s what you should know.
The Biden administration this week is taking steps to provide additional student loan relief that could impact hundreds of thousands of borrowers. But student loan borrowers and advocates say it’s not enough.
At his first press conference on Thursday, President Biden expressed support for reforming — and even doing away with — the filibuster. That could be good news for student loan borrowers hoping for more expansive student loan forgiveness and other debt...
President Biden will be proposing a massive $3 trillion economic stimulus package in the coming months, which will include a proposal for free community college.
The White House has signaled that it continues to explore additional avenues for providing student loan borrowers with further relief, including student loan forgiveness. Here’s what could come next.
In new court documents filed today, student loan borrowers in an ongoing class action lawsuit against the U. S. Department of Education accused officials acting under former Secretary Betsy DeVos of coordinating deliberate efforts to thwart a key student loan...
The U. S. Department of Education released new policy guidance today that will allow colleges and universities to use stimulus funds for a variety of student needs, including cancelling student debt in certain cases.
Yesterday, Education Secretary Miguel Cardona announced a policy shift that will result in $1 billion in student debt cancellation. But what does that mean for the ongoing efforts by progressive lawmakers and consumer rights activists to convince President Biden to...
The U. S. Department of Education announced on Thursday that tens of thousands of student loan borrowers who were defrauded by their schools will receive student loan forgiveness that could total $1 billion.
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New and lengthy application delays related to a massive backlog are just the latest problems plaguing the Public Service Loan Forgiveness (PSLF) program.
Here’s a breakdown of what the stimulus bill does — and doesn’t do — for student loan borrowers.
Everyone knows the story about the hapless motorist who gets lost in rural Maine. When he finds a farmer and asks for directions, the farmer says, “You can’t get there from here.”The U.S. Department of Education must be staffed by Maine farmers. DOE...
As reported in Inside Higher Ed, Becker College is on the brink of closure. Located in Worchester, Massachusetts (no garden spot), Becker’s enrollments have drifted downward in recent years, and it now enrolls only about 1,500 students. The Massachusetts...
This has major implications for student loan borrowers who expect to obtain student loan forgiveness through income-driven repayment plans.
The Senate on Saturday approved President Biden’s signature $1.9 trillion stimulus package, including student loan tax relief that advocates say is a critical first step to cancelling student debt.
In a major ruling yesterday, a state court in Washington found that Navient deceived scores of student loan borrowers and cosignesr.
A tiny provision in the latest stimulus bill could provide a big benefit to student loan borrowers.
The House of Representatives passed a $1.9 trillion relief bill a few days ago, and the legislation is now before the Senate. House Democrats inserted a provision that would modify an obscure statute that requires for-profit colleges to obtain at least 10 percent of...
The Senate on Monday confirmed Dr. Miguel A. Cardona as Secretary of Education, formally replacing Betsy DeVos, who led the Education Department of four years under President Trump.
“Our Offices routinely receive complaints from borrowers who are unable to navigate the abstruse and opaque repayment or forgiveness plans available under current law.”
Will President Biden actually proceed in cancelling student debt? The answer will probably come down to three factors.
