borrowers
Trump’s Education Department removed online applications for income-driven student-loan repayment plans.The move was in response to a federal court upholding a pause on the SAVE plan.This means that borrowers cannot access plans intended to give them more affordable monthly payments.Student-loan borrowers lost access to online applications for repayment plans meant…
Trump’s pick for education secretary, Linda McMahon, has her confirmation hearing on Thursday.Sens. Elizabeth Warren and Andy Kim outlined how they plan to approach the hearing.They’re planning to question McMahon on her approach to the student-loan system and borrower protections.Two Democratic lawmakers want President Donald Trump’s education secretary nominee to…
A new lawsuit against the Education Department accused it of giving DOGE access to student-loan borrowers’ data.A group of Democratic lawmakers also launched an investigation into the same issue.It comes amid reports that Elon Musk’s DOGE is gaining increased access to internal government databases.The latest topic of concern for legal…
Biden announced an additional $4.5 billion in student-debt cancellation for 261,000 borrowers.The relief impacts borrowers who attended Ashford University, which a court found engaged in fraudulent behavior.This is among Biden’s last debt relief efforts before he leaves the White House.More student-loan borrowers are getting debt relief during President Joe Biden’s…
Student-loan borrowers are entering the new year with uncertainty on their payments and debt relief.Ongoing litigation with the SAVE repayment plan makes it difficult for some borrowers to plan financially.Biden also officially withdrew his broad debt relief plans, and any future relief under Trump is unlikely.Wade Burt, 67, is entering…
Biden’s administration posted notices to withdraw its broader student-loan-forgiveness plans.Amid lawsuits, the Education Department wrote that it stands by the legality of its debt-relief plans.The plans aimed to cancel some student debt for over 38 million borrowers.President Joe Biden’s administration has officially scrapped its unfinished rules for broad student-loan forgiveness.The…
Democratic lawmakers urged Biden to cancel student debt for defrauded borrowers before Trump takes office.Some borrower defense applications are still pending, and lawmakers are pushing for prompt relief.Biden has canceled student debt for over 1 million borrowers defrauded by their schools.A group of Democratic lawmakers want President Joe Biden to…
