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. Thebeta sitewill be available "on and off" until the fu...
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’...
Department of Education under the Federal Student Loan Program are as follows- Name of Private Loan Eligible Candidates Required Credit Score Interest Rate Maximum Loan Amount Direct Subsidized Loans Undergraduate Students N.A. 6.53% Determined by the school and cannot exceed the financial need. ...
SUPREME COURT ALLOWS $6 BILLION IN PAYMENTS TO CONTINUE IN STUDENT LOAN RELIEF CASE Members of the public walk by as student loan debt holders take part in a demonstration outside the White House staff entrance to demand that President Biden cancel student loan debt July 27, 2022, at the Ex...
The Department of Education extended its contract with student loan servicer Navient, according to data obtained on a federal procurement website. Here's what that means for borrowers. (iStock) Student loan servicer Navient extended its federal contract with the Department of Education through 202...
"During the beta testing period, borrowers will be able to submit applications for the Biden-Harris Administration's student debt relief program," said the Education Department spokesperson. "Those borrowers will not need to reapply if they submit their ap...
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.
3 things to do now if your student loan servicer is changing You don't need to take any action if your student loan servicer is shutting down. The Education Department will handle the transition to a new servicer, and your loans will automatically be reassigned. Still, there are a few ...
U.S. Dept of Education: Proposed Regulations to Expand and Improve Targeted Relief Programs This week, the U.S. Department of Education (Department) released proposed regulations that would expand and improve the major student loan discharge programs authorized by the Higher E...
In January, the Department of Education unveiled details ofa repayment plan overhaulthat could halve monthly payments for many federal student loan borrowers. But one group, the 3.7 million parents who owe parent PLUS loans, won't benefit. Policymakers have long excluded parent PLUS loans from most...