77,700 borrowers approved for a total of $5.8 billion in forgiven loans The Department of Education announced this month that an additional $5.8 billion in federal student loans…
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Education Secretary Details Save Plan Student Loan Forgiveness
State-by-state breakdown published by the department. President Biden’s administration released state-specific details on the forgiveness of $1.2 billion in student loans for nearly 153,000 borrowers through the SAVE…
Read MorePresident’s Administration Forgives Additional $1.2 Billion in Student Loans
Cancels federal student loans for another 153,000 borrowers. The White House canceled an additional $1.2 billion in student loan debt this week, the cumulative debt of nearly 153,000…
Read MoreStudent Loan Debt Relief Offered to Borrowers in SAVE Program
Education Department provides debt forgiveness to those who borrowed $12k or less at least 10 years ago. The Department of Education announced that it will be providing loan…
Read MoreAdministration Cancels Another $5 Billion in Student Loan Debt
74,000 borrowers who have worked at least ten years in public service receive federal student loan forgiveness. President Biden announced that another $5 billion in student loan debt…
Read MoreAdministration Approves $4.8 Billion in Student Debt Cancellation
While a bill to repeal the president’s SAVE plan passes in the House of Representatives. President Biden’s administration approved the cancellation of $4.8 billion in federal student loan…
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Education Department Fines Grand Canyon University
Office of Federal Student Aid finds the university deceived students regarding the cost of doctoral programs. The Department of Education has fined Grand Canyon University (GCU) $37.7 million…
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Education Department Releases Accountability Rules for Colleges
Administration works to protect prospective students from college debt. The U.S. Department of Education recently announced final regulations to enhance oversight and accountability for colleges and universities to…
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CFPB Proposes Removal of Medical Bills from Credit Reports
The director says, “Medical bills have little predictive value in credit decisions.“ The Consumer Financial Protection Bureau (CFPB) is in the rulemaking process that would take medical bills…
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Federal Student Loan Payments Resume
Student borrowers experienced a three-year hiatus on repayment. The official return of payments on federal student loans began October 1, after borrowers had experienced three years without payment…
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