At the request of President Joe Biden, the Department of Education on Thursday extended the already nearly yearlong pause on student loan payments through September, allowing the new administration to begin delivering on its campaign promise to prioritize and begin addressing the more than $1.5 ...
The article reports on the first federally guaranteed student loan asset-backed commercial paper conduit program jointly established by the U.S. Department of Education, the Treasury Department and the Office of Management and Budget. The program, which was named Straight-A Funding, will receive ...
The Department of Education (DOE) on Wednesday announced the forgiveness of another $4.5 billion in student loans for over 200,000 borrowers at Ashford University, in one of the department’s final moves of the Biden administration. President Joe Biden and his administration have attempted to clea...
The U.S. Department of Education has agreed to cancel the student loans of around 200,000 people who had brought a class action lawsuit.
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The U.S. Department of Education on Friday launched a beta test of itsstudent debt relief application website. About 95% of Americans with student debt are expected to qualify for loan forgiveness under the Biden administration's plan.
For the commercial lender, things change dramatically. Instead of receiving a monthly payment from the borrower, they receive a lump sum from the Department of Education, paying off the loan in full. In other words, they stop profiting from the debt. ...
According to reports, officials from the Department of Education have suggested to the Biden administration that another extension be granted through January 2022. The freeze on student-loan repayments has been in place since March 2020 and has subsequently been extended four times. It’s...
"These programs over-promise, underdeliver and load vulnerable students up with way too much debt," said Chris Lindstrom, higher education program director at the U. S. Public Interest Research Group, part of a coalition of education, consumer, student and public interest groups supporting the ...
In November, theWhite House announcedthat student loan payments would resume 60 days after a Supreme Court decision on President Joe Biden's student loan forgiveness plan or June 30, whichever comes first. But the Department of Education clarified that student loan payments would resume in October...