student loan

Two major student loan grace periods are set to expire this week. Here's what to know

4:18pm September 30, 2024

Two federal programs that helped federal student loan borrowers ease back into payments are ending. It will have the biggest impact on borrowers with defaulted loans or borrowers who miss payments moving forward.

Navient reaches $120 million settlement for misleading student loan borrowers

5:01pm September 12, 2024

According to the Consumer Financial Protection Bureau, $100 million will be used to make payments to impacted borrowers in a settlement with the former servicer of student loans.

Student loan borrowers and advocates gather for the People's Rally To Cancel Student Debt During The Supreme Court Hearings On Student Debt Relief on February 28, 2023 in Washington, DC.

Biden forgives more than $6 billion in loans for 317,000 Art Institutes students

1:12pm May 01, 2024

by C Mandler

President Biden announced the relief for attendees of the now-shuttered art schools, saying they "falsified data, knowingly misled students, and cheated borrowers into taking on mountains of debt."

Activists and students protest in front of the Supreme Court during a rally for student debt cancellation in Washington, D.C., in February 2023.

Education

Biden cancels nearly $6 billion in student debt for public service workers

4:07pm March 21, 2024

Because of past administrative failures, the some 78,000 affected public service workers such as nurses and teachers never got the relief they were entitled to under the law, Biden said.

President Joe Biden speaking about student loan debt relief at Delaware State University, Oct. 21, 2022, in Dover, Del. The Biden administration said it is extending the student loan repayment pause again.

With student loan relief tied up in court, Biden extends repayment pause into 2023

7:15pm November 22, 2022

by Dustin Jones

The president has extended the student loan repayment pause into 2023. Biden said he wants to give lawsuits against debt cancellation time to play out, and the Supreme Court time to weigh in.

President Joe Biden speaks about student loan debt relief at Delaware State University, Friday, Oct. 21, 2022, in Dover, Del.

A federal appeals court has temporarily blocked Biden's student loan forgiveness plan

8:05pm October 21, 2022

by The Associated Press

The Eighth Circuit Court of Appeals issued the stay, ordering the Biden administration not to act on the program while it considers a motion from six Republican-led states to block loan cancellation.

President Joe Biden speaks during a meeting of the White House Competition Council in the State Dining Room of the White House in Washington, Monday, Sept. 26, 2022.

Education

Joe Biden's student loan forgiveness plan will cost $400 billion, budget office says

5:27pm September 27, 2022

by Ayana Archie

The cost of the White House's student loan forgiveness plan is an estimate over a 30-year period and will add to the country's deficit, the Congressional Budget Office said in a report.

Students walk to and from classes on the Indiana University campus, Thursday, Oct. 14, 2021, in Bloomington, Ind. Indiana will tax student debt relief as income, reflecting similar policies in other U.S. states following the Biden administration's announcement of a forgiveness plan in August 2022.

Almost half of U.S. governors ask Joe Biden to cut student loan forgiveness plan

2:34am September 13, 2022

by Ayana Archie

In a letter to Biden, Republican governors say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."

Education

Student loan borrowers get a rare win as Senate approves a fix

4:20pm June 16, 2022

by Sequoia Carrillo

The measure would free some borrowers from debt incurred by spouses – sometimes abusive ones – and could lay a path toward loan forgiveness.

Education Secretary Betsy DeVos faces a new lawsuit filed on Tuesday. It alleges the Dept. of Education has failed to comply with the Borrowers Defense rule, a student loan forgiveness program that would automatically cancel debt for borrowers whose schoo

Education

Betsy DeVos Sued For Failing To Implement Automatic Student Loan Forgiveness

7:45pm November 14, 2018

by Vanessa Romo

A new lawsuit claims tens of thousands of borrowers are still waiting for the Department of Education to erase their debt — about $250 million — as it was ordered to do last month.