Resumption of payments moved from May 1 to August 31. President Joe Biden announced Wednesday the extension of the repayment freeze on federally held student loans through August…
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Student Loan Payment Freeze Could Be Extended Again
Education Department delays payment resumption announcements. The Department of Education has instructed student loan companies to delay sending notices about student loan payments resuming in May. The student…
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President Extends Student Loan Payment Pause
Borrowers given 90 additional days of relief. President Biden has extended the federal student loan forbearance period until May 1, 2022, as the Omicron variant of the coronavirus…
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Student Loan Payments to Resume Next Year
The White House confirms the expiration of the federal student loans pause. The White House stated this past week that President Joe Biden will allow the restart of…
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FSA to Implement Stricter Student Loan Guidelines
Department of Education working to ease borrowers back into loan payments. The Department of Education announced on Friday that they will be taking measures to address the American…
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Education Department Updates Loan Forgiveness Program
550,000 people are expected to benefit from changes. On Tuesday, the Department of Education announced that it would allow all eligible student borrowers to claim credits from the…
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U.S. Service Members Receive Interest Rate Benefit
Education Department works with DoD to ensure student loan interest benefit received. The U.S. Department of Education has announced that members of the U.S. Armed Forces are being…
Read MorePause on Federal Student Loan Payments Extended
The freeze will continue until the end of January. President Biden’s administration will relieve Americans of making their federal student loans payments at least through the end of…
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Administration Cancels $500M ITT Student Loan Debt
Forgiveness is for students defrauded by the institute. The Department of Education announced that the 180,000 students who were defrauded by ITT Technical Institute will have their student…
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Student Borrowers Receive Additional Relief
Education Department implements new student loan aid under COVID emergency programs. This week, the Department of Education announced that the pause on federal student loan interest and collections…
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