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 MoreFederal Student Aid
President’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 More
Education Department Reaches Settlement over Student Aid Violations
College consistently breached testing regulations to enhance enrollment and gain student loan funds. The U.S. Department of Education has reached a settlement with the for-profit school International Education…
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…
Read More
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…
Read More
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…
Read More
Education Department Penalizes Missouri Loan Service
The servicer gave inadequate notice for payment reinstatement and put borrowers into delinquency. The Department of Education has announced steps it will take to hold student loan servicer…
Read More
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…
Read More