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…
President Joe Biden (Photo by Samuel Corum/Getty Images) Getty Images What’s next for student loan forgiveness? Here are 3 options. Here’s what you need to know. Student Loans What happens next with student loan cancellation is top of mind for student loan borrowers, legislators and student loan watchers alike. In the last month alone, the…
President Joe Biden (Photo by Win McNamee/Getty Images) Getty Images Here’s how to apply for limited student loan forgiveness. Here’s what you need to know. Student Loans The biggest news in student loans over the past month has been the major changes to student loan forgiveness. President Joe Biden and the U.S. Department of Education…
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…
President Joe Biden (Photo by Samuel Corum/Getty Images) Getty Images Senate Majority Leader Chuck Schumer finally admits that Congress won’t cancel your student loans. Here’s what you need to know. Student Loans At a virtual event yesterday hosted by Mitú, a Latino digital media company, Schumer admitted what many have already known: Congress won’t cancel…