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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

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 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

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

Will Biden cancel student loan debt? As college costs spiral, here"s what he"s considering

President Joe Biden has directed his education secretary to explore his .....»»

Category: topSource: usatodayApr 4th, 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

: DeVos appointee who oversaw America’s student-loan portfolio resigns as Biden education secretary pledges to ease student-debt burden

Mark Brown's resignation came after calls for new leadership from Senator Elizabeth Warren and borrower advocates......»»

Category: topSource: marketwatchMar 6th, 2021

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

How the government could forgive your student loans

The Department of Education has issued directions for some student loan borrowers who work in public service jobs to reapply for a second chance at debt relief if they were previously rejected......»»

Category: topSource: moneycentralMay 24th, 2018

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

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

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

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

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

Biden"s education secretary isn"t ruling out an extension of the student-loan payment freeze

Education Secretary Miguel Cardona said it was "not out of the question" to extend the pause on student-loan payments, depending on the recovery. President Joe Biden. White House/Lawrence Jackson Education Secretary Miguel Cardona isn't r.....»»

Category: topSource: businessinsiderMay 3rd, 2021

Biden"s Education Secretary isn"t ruling out an extension of the student-loan payment freeze

Education Secretary Miguel Cardona said it's "not out of the question" to extend the pause on student loan payments, depending on the recovery. .....»»

Category: personnelSource: nytMay 3rd, 2021

Elizabeth Warren says the government should fire student loan servicer Navient, which should fire its CEO

Sen. Elizabeth Warren held a hearing Wednesday on student debt relief, and she lit into Navient's CEO on investigations of misleading its borrowers. Sen. Elizabeth Warren (D-MA). Drew Angerer/Getty Imag.....»»

Category: dealsSource: nytApr 13th, 2021

3 things Biden"s Department of Education has done so far to tackle the $1.7 trillion student-debt crisis

In two months, Biden's Education secretary has canceled $2.3 billion of debt for defrauded .....»»

Category: smallbizSource: nytApr 1st, 2021

Democratic Senators tout changes to student loan relief while pushing Biden to forgive $50,000 in debt

"This is a.....»»

Category: personnelSource: nytMar 30th, 2021

: Biden’s ‘rescue’ package would eliminate taxes on cancelled student loan debt

The proposed COVID relief bill gets rid of an obstacle to broad-based student debt cancellation.....»»

Category: topSource: marketwatchMar 8th, 2021