Today the Supreme Court struck down the Biden Administration's plan for federal student loan forgiveness. The plan would have canceled up to $20,000 in federal student loan debt for some of the 43 million Americans who borrowed to attend college. The U.S. Department of Education previously ...
Whether or not another pause (more on that later) or loan forgiveness is on the horizon, some borrowers can already have some debt relief. The Department of Education recently announced nearly 100,000 people are eligible for student loan cancelation due to changes made to the Public Service Lo...
Here are answers to borrowers' seemingly silly questions about student loans that aren't so silly after all. Julie RogierNov. 24, 2021 Federal Student Loan Servicing Changes Borrowers should stay up to date and organized as the Department of Education reforms student loan servicing. ...
Paul Campos
President Joe Biden delivers remarks about the student loan forgiveness program on Oct. 17, 2022. Leah Millis | Reuters A U.S. appeals court on Friday temporarily blocked President Joe Biden's plan to cancel billions of dollars in college student loans, one day after a judge dismissed a Re...
Borrower tip: Refinancing federal student loans into a private student loan can make you ineligible for certain types of protections, such as income-driven repayment plans, federal debt forgiveness programs and forbearance/deferment options through the Department of Education. Deferment, Repayment and ...
will move forward with student loan forgiveness under a different law, the Higher Education Act of 1965, which gives the secretary of education the authority to "enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand" with regard to federal student loans. ...
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The Department of Education has sought to address eligibility barriers and confusion through several changes, like the Temporary Expanded Public Service Loan Forgiveness, or TEPSLF, and the limited PSLF waiver. "There seems to be some desire to make the pr...
Federal student loans give borrowers more time to make payments, even if they have missed more than one payment. According to the Department of Education, a federal student loan is only considered delinquent after three missed payments, which is roughly 90 days past due. It is considered in de...