Richard Cordray, Chief Operating Officer of Federal Student Aid, reviewed the status of broad student loan forgiveness during a U.S. Department of Education conference for college financial aid administrators. Richard Cordray, COO of Federal Student Aid, reviewed the U.S. Department of Education’s efforts … [+] concerning student loan forgiveness. Getty Richard Cordray said that he…
Education Secretary Miguel Cardona testifies during a Senate Health, Education, Labor, and Pensions … [+] Committee hearing on Thursday, Sept. 30, 2021, at Capitol Hill in Washington. (Greg Nash/Pool via AP) ASSOCIATED PRESS In the course of the last month, the Biden administration has implemented $2 billion in student loan forgiveness for 30,000 borrowers. Highlighting…
DETROIT, MI – NOVEMBER 17: U.S. President Joe Biden speaks at the General Motors Factory ZERO … [+] electric vehicle assembly plant on November 17, 2021 in Detroit, Michigan. (Photo by Nic Antaya/Getty Images) Getty Images In October, the Biden administration announced significant new changes to Public Service Loan Forgiveness (PSLF), a federal student loan…
Student loan servicing changes will impact at least 14 million borrowers in the coming months. getty Over 14 million borrowers will be impacted by major changes to the federal student loan servicing system in the coming months. Several major student loan servicing companies contracted with the Department of Education recently announced that they would not…
US Education Secretary Miguel Cardona speaks during the daily press briefing on August 5, 2021 … [+] (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images The Biden administration is in the process of cancelling $2 billion in student loans for 30,000 borrowers. “Check your inboxes!” said…
COLUMBUS, OH – FSA Chief Operating Officer Richard Cordray on May 8, 2018 in Columbus, Ohio. (Photo … [+] by Kirk Irwin/Getty Images) Getty Images One of the Department of Education’s major federal student loan servicers will be staying on for another year. Here’s what it means for student loan borrowers. FedLoan Servicing Gets One…
US President Joe Biden reacts as he delivers remarks in the State Dining Room at the White House in … [+] Washington, DC on November 6, 2021. (Photo by ROBERTO SCHMIDT / AFP) (Photo by ROBERTO SCHMIDT/AFP via Getty Images) AFP via Getty Images Borrowers are finally starting to get their student loans forgiven under…
GLASGOW, SCOTLAND – NOVEMBER 02: U.S. President Joe Biden at SECC on November 2, 2021 in Glasgow, … [+] United Kingdom. (Photo by Paul Ellis – Pool/Getty Images) Getty Images Over the last 10 months, the Biden administration has announced billions of dollars in student loan cancellation. The administration has relied on executive authority, some…
There are many options for student loan forgiveness and discharge, but each has different eligibility restrictions and a different application process. Learn how to apply for student loan forgiveness. Borrowers want to know how to apply for student loan forgiveness. getty Student loan forgiveness and discharge options include: Public Service Loan Forgiveness Teacher Loan Forgiveness…
SCRANTON, PENNSYLVANIA – OCTOBER 20: President Joe Biden speaks at an event on October 20, 2021 in … [+] Scranton, Pennsylvania. (Photo by Spencer Platt/Getty Images) Getty Images During the last several months, the Biden administration has announced over $11 billion in student loan cancellation. Through executive action, the administration has relaxed requirements and broadened…