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 MoreDebt Relief
Administration 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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FTC Freezes Assets of Impersonators of U.S. Education Department
California-based companies allegedly scammed student borrowers seeking debt relief. The Federal Trade Commission (FTC) has taken action against those who offered student borrowers fraudulent debt relief. According to…
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USDA Provides Additional Support to Farm Loan Borrowers
The new assistance program aims to bolster agricultural businesses and overcome financial challenges. The U.S. Department of Agriculture (USDA) recently announced plans to offer additional financial support to…
Read MoreFifth Circuit Temporarily Halts Federal Student Loan Relief
An injunction stops the program while litigation plays out. Judges in the Fifth Circuit U.S. Court of Appeals granted an injunction against the most recent loan relief plan…
Read MoreSupreme Court Rules Against President’s Student Loan Forgiveness
The opinion affirms the “power of the purse” belongs to Congress. The Supreme Court declared that President Biden’s administration does not have the authority to take unilateral action…
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