Tag Archives: Student Loans

Report: Biden To Forgive $10,000 In Student Debt Per Borrower

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President Joe Biden is planning to forgive $10,000 in student debt per borrower, a central campaign promise that would relieve debt for millions of Americans, The Washington Post reported. Biden’s proposal, however, is still not finalized. The announcement of the president’s plan to address the $1.7 trillion currently owed to the federal …

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Navient to cancel nearly $2 billion in student loan debt

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Student loan processor Navient has agreed to a nearly $2 billion settlement with 39 state attorneys general, according to reporting from the Wall Street Journal. Navient is one of the largest student loan processors in the U.S. The settlement requires the company to cancel about $1.7 billion in delinquent private student loan …

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White House Extends Student Loan Pause Through May 1

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On Wednesday, the White House and the U.S. Department of Education announced a 90-day extension of the pause on student loan repayment, interest, and collections through May 1, 2022. The extension will allow the Administration to assess the impacts of the Omicron variant on student borrowers and provide additional time …

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Student Loan Payments Suspended Until January 31, 2022

The White House announced on Friday that the moratorium for federal student loan payments is being extended until January 31, 2022. The Department of Education says that this will be the final extension. “The payment pause has been a lifeline that allowed millions of Americans to focus on their families, …

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