Perkins Loan Cancellation for Teachers The Perkins Loan Cancellation for Teachers program provides teachers a pathway to cancel up to 100% of their Perkins loans within five years. Teachers are eligible for Perkins Loan Cancellation if they teach at a low-income school listed inthis database. Educ...
On June 24, 2024,two federal district courts blocked key components of the SAVE plan, including reduced payments from 10% of disposable income to 5% and any loan forgiveness that has not already been granted.23 On July 18, the 8th Circuit Court of Appeals upheld the June lawsuits and halted...
The next Trump administration may be unlikely to continue the Biden administration's effort to fight against ongoing lawsuits targeting current student debt relief efforts, according to NerdWallet lending expert Kate Wood in an email. That could mean an end to those programs, experts say. "Programs...
Lawsuits challenging the new regulations have cropped up across the country,largely in conservative jurisdictions. On Wednesday, 35 Senate Republicans co-sponsored a disapproval resolution looking to reverse the new rule, after more than 60 House Republicansfiled an identical resolutionlast week. “Pr...
The U.S. Supreme Court voted 6-3 against President Biden’s broad student loan forgiveness plan on Friday, June 30, 2023. Republicans filed six lawsuits to try to block the President’s plan. Four of these lawsuits were dismissed because of a lack of legal standing. The plaintiffs were ...
Efforts against student loan relief already in play Members of Trump's party, meanwhile, have already stymied many of Biden's efforts to deliver student loan relief. Most recently, lawsuits by Republican-led states, including Florida, Arkansas and Missouri, resulted in two federal judgeshalti...
Retention periods may be prolonged in cases where there is an ongoing investigation by authorities, if there are records of personal data that are needed by the Customer to prove compliance with any legal requirements; or when exercising legal rights in cases of lawsuits or similar court ...
Fraud or Misconduct:Borrowers seeking borrower defense to repayment cancellation must demonstrate that their school engaged in fraudulent or deceptive practices. This may require providing evidence of the school’s misconduct, such as lawsuits, investigations, or accreditation issues. ...
The Federal Government, and some incredible industry watchdogs have recently initiated several rounds of lawsuits against some of the biggest Student Loan Servicing Companies on the planet, accusing them of doing all sorts of immoral and highly illegal activity, which opens student loans handled by ...
In total, about$441 billion in outstanding student debtstands to be forgiven if the plan moves forward. The U.S. Supreme Court's final ruling ontwo lawsuitsaiming to block forgiveness is expected to be made public sometime in May or June, according to several market reports. ...