Tag Archives: Student Loans

Jessica Corbett, Common Dreams With just 10 days until a moratorium on federal student loan payments is set to expire, Education Secretary Miguel Cardona said Sunday that “within the next week or so” the American people will hear from the Biden administration about any future action it will take to …

With only two weeks before a pandemic-related pause on federal student loan payments expires, progressive lawmakers and organizations on Wednesday reiterated demands for U.S. President Joe Biden to finally take sweeping debt cancellation action. While Biden only campaigned on forgiving $10,000 per borrower and has reportedly considered setting an income …

The Department of Education announced Tuesday it would discharge $3.9 billion in federal student loans that borrowers received to attend ITT Technical Institute (ITT). The Education Department’s latest round of automatic student debt forgiveness applies to federal loans used to attend ITT between Jan. 1, 2005 and its closure in September …

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 …

In addition to announcing an extension of the pause on federal student loan payments, the Department of Education also announced it would allow all borrowers with paused loans in default to receive a “fresh start” by returning them to good standing when payments resume. According to a statement the Department released, …

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 …

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 …

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, …

The U.S. Department of Education announced that 72,000 students would have their student loans erased under the Borrower Defense to Repayment program. The relief will go to students who attended for-profit schools and were already approved by the Department of Education for Borrower Defense relief. While the move amounts to roughly …