borrowers
Misty Knapp just wants the student-loan forgiveness she was promised.Knapp, 59, has been working in public service as a nurse since 2012 and has been enrolled in the Public Service Loan Forgiveness program since 2017, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.She…
Thousands of student-loan borrowers are stuck in limbo.President Donald Trump’s Department of Education provided an update on the progress it has made in processing student-loan borrowers’ income-driven repayment applications in a court filing last week. It seems the department still has a lot of work to do: 802,730 IDR applications…
Big changes are coming for a long-standing student-loan forgiveness program.In 2007, Congress approved the Public Service Loan Forgiveness program, which is designed to forgive student debt for government and nonprofit workers after 10 years of making qualifying payments. It meant that student-loan borrowers who dedicate at least a decade of…
Student-loan borrowers behind on payments could soon start seeing smaller paychecks.President Donald Trump’s Department of Education confirmed to Business Insider on Tuesday that it will begin sending wage garnishment notices to defaulted student-loan borrowers in early January. The Washington Post was the first to report this update.The department said that notices…
Changes are coming to student-loan repayment, and Democratic lawmakers are warning that it could lead to costly servicing mistakes for borrowers.On Sunday night, Democratic Sens. Elizabeth Warren, Ed Markey, Jeff Merkley, Richard Blumenthal, Cory Booker, and Chris Van Hollen sent letters, exclusively viewed by Business Insider, to all five federal…
A barrier to enrollment for a key student-loan repayment plan could soon be gone.The Department of Education said in updated guidance posted to Federal Student Aid’s website that it’s moving forward with implementing some student-loan repayment provisions in President Donald Trump’s “big beautiful” spending legislation.The latest update pertains to the…
