Eligible borrowers who consolidate their student loans could qualify for some debt forgiveness, or receive credit for loan forgiveness, as part of a one-time adjustment this summer from the U.S. Department of Education.More than 3.6 million borrowers with Direct Loans will receive at least three years of credit toward loan forgiveness, and many will see their loans forgiven automatically.The move is part of the Biden administration's push to provide student debt relief after his one-time student...
The Biden administration's latest plan to wipe out federal student loan debt for millions of borrowers could add up to $750 billion to the national deficit, according to a Tuesday report from the Committee for a Responsible Federal Budget.So far, the White House has announced $150 billion in so-called student loan "forgiveness" programs over the last year following the Supreme Court's June decision to reject unilateral loan cancellations. The previously rejected program would have wiped out $430...
Most families take out student loans to cover the rising cost of college. A new report found that incoming freshmen may have $37,000 in debt by graduation.
You can consolidate your loans online in a half hour to potentially
Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation. The Education Department is expected to conduct a one-time adjustment in the summer but borrowers who want to be considered for the adjustment have to submit a request to consolidate their loans by Tuesday. This one-time adjustment is meant to show a more accurate payment count for student loan borrowers.
Student loan borrowers have until the end of Tuesday to qualify for a program that could help them pay down their debts.
Student loan borrowers have until the end of Tuesday to qualify for a program that could help them pay down their debts.
The Federal Trade Commission is warning about scammers targeting people with promises to cancel their student loans, and critics say President Joe Biden fueled the fire himself. Biden has been pledging to cancel student loans since the 2020 presidential campaign and has rolled out a wide range of programs and proposals toward that end. While his […]
Pres. Biden forgave billions of dollars in student aid, but that will only help struggling American young people if college costs also com down.
Borrowers hoping for student loan forgiveness have just a few more days to act before an April 30 deadline.
Some student loan borrowers have until April 30 to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise.
Student loan forgiveness for public-sector workers like teachers and nurses will be temporarily paused beginning May 1 as the Department of Education moves management of the program in-house.