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Biden"s new plan for student-loan forgiveness is entering its next key stage — and millions of borrowers will have a say on what the relief looks like

Biden's administration released its first set of draft rules for its new student-loan forgiveness plan, and borrowers have 30 days to comment on the.....»»

Category: topSource: businessinsiderApr 16th, 2024

Biden"s new student-loan forgiveness plan just began its 30-day public comment period — and anyone can tell the administration what they think of the relief

The draft text for Biden's new student-debt cancellation plan is out, and anyone in the public can provide input on what the relief shou.....»»

Category: smallbizSource: nytApr 17th, 2024

: Biden administration to cancel $1 billion in student-loan debt held by scammed borrowers

Borrowers who requested loan forgiveness but got only partial relief under former Secretary of Education Betsy DeVos will have their debts wiped away......»»

Category: topSource: marketwatchMar 19th, 2021

Outgoing Secretary of Education Betsy DeVos urged against student loan forgiveness in letter to Congress

Biden proposed making undergraduate education free in some cases and giving student borrowers $10,000 in forgiveness as part of coronavirus relief. U.S. Education Secretary Betsy Devos speaks at White Hou.....»»

Category: topSource: businessinsiderJan 6th, 2021

Column: Are Republicans who got pandemic debt relief hypocrites for complaining about student debt relief? Yes

Republicans criticizing Biden's student debt relief plan took millions .....»»

Category: topSource: latimesApr 16th, 2024

How an unrelated Supreme Court decision could jeopardize Biden"s new student-loan forgiveness plan before it even goes into effect

While Biden's new student-loan forgiveness plan isn't set to go into effect until the fall, a separate Supreme Court decision could complicate things. US Pre.....»»

Category: topSource: businessinsiderApr 15th, 2024

How Biden"s new student-loan forgiveness plan could be jeopardized before it even goes into effect

While Biden's new student-loan forgiveness plan isn't set to go into effect until the fall, a separate Supreme Court decision could complicate things. US Pre.....»»

Category: personnelSource: nytApr 14th, 2024

Student-loan borrowers are battling for relief even after Biden"s administration canceled $2.3 billion: "We were taken advantage of"

One borrower said Trump's Education Department forgave his federal loans, but at a 0% rate. He's waiting to hear from the Biden a.....»»

Category: worldSource: nytApr 17th, 2021

: 1 million borrowers ‘ignored by Washington’ now eligible for COVID-related pause on student debt and collections

Millions of federal student-loan borrowers are still ineligible for COVID-19 era relief......»»

Category: topSource: marketwatchMar 31st, 2021

Only 32 student loan borrowers - ever - have qualified for full forgiveness through an income-driven repayment plan

Federal repayment programs were first introduced over two decades ago, but only 32 student loan borrowers have qualified for full forgiveness in the history of the program. "Our student loan system is broken," Sen. Elizabeth Warren, who supports .....»»

Category: personnelSource: nytMar 11th, 2021

How much student-loan debt forgiveness would have a real impact? $10K per borrower, according to new analysis

A new analysis indicates that a relatively small amount of debt relief would affect a large group of borrowers......»»

Category: topSource: marketwatchJul 24th, 2019

Lawsuit alleges ‘gross mismanagement’ of student-loan forgiveness by the Department of Education

This is the latest case to say borrowers are not getting the debt-relief they deserve......»»

Category: topSource: marketwatchJul 11th, 2019

Betsy DeVos sued to get rolling on student loan forgiveness

The Department of Education says it’s ‘moving quickly’ to find borrowers eligible for the debt relief......»»

Category: topSource: marketwatchNov 16th, 2018

Education Dept. Cancels Plan for New Student Loan System

Legal challenges forced the agency to scrap bids for a new website and other tech changes aimed at simplifying the repayment process for millions of borrowers......»»

Category: topSource: moneycentralDec 16th, 2018

She fell for a common student loan forgiveness scam. You don't have to.

So-called debt relief companies often charge fees to enroll borrowers in free federal loan programs like incom.....»»

Category: topSource: usatodayFeb 26th, 2019

A Gen Xer who got $250,000 in student loans forgiven said he can now finally start saving for retirement — and consider his dream of studying in India

Joel Lambdin, 49, said his student-loan forgiveness wasn't a "jump for joy" situation but rather, a weight off of him he didn't realize was there. .....»»

Category: worldSource: nytApr 21st, 2024

Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with "decades-old predatory private" loans. Here"s how.

Millions of student-loan borrowers are being transferred from Navient to MOHELA. Elizabeth Warren wants some of their debt to be canceled first. Sen. Elizabeth Warren.Evelyn Hockstein-Pool/Getty ImageSen. Elizabeth Warren led a letter urging Navien.....»»

Category: worldSource: nytApr 18th, 2024

Student-loan borrowers have delayed buying a home or car, having kids, and getting married because of their debt — even for those with balances smaller than $10,000

A new Gallup survey found that 71% of student-loan borrowers have put off key life events, including finishing th.....»»

Category: dealsSource: nytApr 17th, 2024

Biden"s latest plan for student loan cancellation moves forward as a proposed regulation

Biden"s latest plan for student loan cancellation moves forward as a proposed regulation.....»»

Category: topSource: yahooApr 16th, 2024

"Buying Votes" With Other People"s Money, Says Elon Musk, As Biden Announces Additional Student Loan Forgiveness; Bill Ackman Calls It "Illegal"

Adversaries slammed President Joe Biden for announcing additional student forgiveness, and see it as a vote-buying strategy. read more.....»»

Category: blogSource: benzingaApr 13th, 2024

277,000 student-loan borrowers who have "paid what they can afford" for at least a decade are getting $7.4 billion in debt wiped out

Student-loan borrowers on the SAVE plan, .....»»

Category: personnelSource: nytApr 12th, 2024