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: 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

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

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

"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

A student-loan forgiveness program for public-service workers has a 98% denial rate. 56 Democrats say it"s time for Biden to fix it.

Biden's campaign promised he'd see to it that the Public Service Loan Forgiveness program was "fixed, simplified, and actually helps teachers." Sen. Kirsten Gillibrand (D-NY). Al.....»»

Category: smallbizSource: nytMay 5th, 2021

Biden administration taps Warren ally to lead Office of Federal Student Aid, a promising sign for efforts to wipe out student debt

Sen. Warren, who pushed for his appointment, said he would "apply his fearlessness and expertise to protecting student loan borrowers." John Minchillo/ AP Richard Cordray, former head of the CFPB, is set t.....»»

Category: topSource: businessinsiderMay 3rd, 2021

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

Biden"s Education Secretary just canceled $1 billion of student-loan debt for about 72,000 defrauded borrowers

Miguel Cardona's first major act reverses a Trump-era policy, providing about $1 billion of cancelation for student loans related to fraud. Supachok Pichetkul / EyeEm/Getty Images The Dept. of Education just said it's canceling de.....»»

Category: topSource: businessinsiderMar 19th, 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

NerdWallet: If someone offers you student loan forgiveness, it could be a scam: What to watch for

The pitch is one that persuades borrowers to pay for services they could get free or to share personal account information in exchange for forgiveness......»»

Category: topSource: marketwatchMar 9th, 2021

A quarter of Americans support forgiving all federal student-loan debt

President Joe Biden has thrown his support behind $10,000 in student loan forgiveness. But a quarter of Americans want it all forgiven. Student-loan debt reached a national high of $1.5 trillion in 2019. Boston Globe/Getty Images Demo.....»»

Category: personnelSource: nytFeb 24th, 2021

Biden Slaps Down Move For $50K Student Debt Forgiveness: "I Will Not Make That Happen"

Biden Slaps Down Move For $50K Student Debt Forgiveness: "I Will Not Make That Happen" President Biden has appeared to give his 'final' and 'definitive' answer on student loan for.....»»

Category: personnelSource: nytFeb 17th, 2021

AOC criticizes Biden"s opposition to $50,000 in student loan forgiveness, saying his argument "is looking shakier by the day"

"Entire generations of working class kids were encouraged to go into more debt under the guise of elitism," Ocasio-Cortez argued. "This .....»»

Category: dealsSource: nytFeb 17th, 2021

See how debt stacks up for graduates of Ohio State, other Central Ohio colleges

Student debt forgiveness, which has been discussed as among the top priorities of the new Biden Administration, would have a big impact on borrowers from Ohio colleges, who graduated with an average debt of $29,886 in 2019......»»

Category: topSource: bizjournalsFeb 7th, 2021

Trump’s bid to end Public Service Loan Forgiveness could mean ‘major life changes’ for some student-loan borrowers

The program wipes out student-loan debt for borrowers in certain nonprofit and public sector jobs......»»

Category: topSource: marketwatchFeb 13th, 2020

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

The government expanded access to student loan forgiveness—just read the fine print

A first-come, first-served fund aims to help some borrowers rejected from the Public Service Loan Forgiveness program......»»

Category: topSource: marketwatchMay 24th, 2018