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…
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Administration 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…
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Report Shows 40% of Student Loan Borrowers Not Making Payments
Education Department states that 9 million federal student loan borrowers missed their October payment. Federal student loan payments, that were suspended during the COVID-19 pandemic, resumed as of…
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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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…
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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…
Read MoreEducation Department Settles Title IV Fraud Claims with Five Law Schools
The institutions were not accredited to disburse federal funding. The U.S. Department of Education settled with five law schools that improperly distributed Title IV federal aid funding to…
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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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