borrowers
The student-loan shake-up continues. Loading audio narration… On Thursday, the Department of Education announced its plans to transfer the $1.7 trillion federal student-loan portfolio to the Treasury Department. It’s a major step toward accomplishing President Donald Trump’s broader goal of dismantling the Department of Education and comes at a critical…
Legal action over a key student-loan repayment plan continues to mount — and this time it’s about debt relief.On Monday, four student-loan borrowers, represented by law firm Public Goods Practice, filed a lawsuit against the Department of Education calling for “immediate” relief for borrowers enrolled in the SAVE plan.The SAVE…
Student-loan borrowers are falling behind on payments at record levels.A new report by left-leaning groups, the Century Foundation and Protect Borrowers, found that nearly 9 million student-loan borrowers — or one out of every five — are in default, which typically occurs after a federal borrower hasn’t made a payment…
Some student-loan borrowers are getting an early Valentine’s Day gift from the Department of Education.Earlier this week, another batch of borrowers who have completed at least 20 years of payments on an income-driven repayment plan received emails from the department with the subject line: “You’re eligible to have your student…
