Latest Student Loan News

Education’s New Servicing Plan Eliminates Helpful Options for Borrowers

Earlier this week, over 150 Members of Congress sent a letter to Secretary of Education Betsy DeVos highlighting concerns surrounding the U.S. Department of Education’s (ED’s) decision to make changes […]
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Parent PLUS Borrowers Lose Affordable Repayment Option Under Trump’s Budget

Last Thursday, President Trump announced his budget plan, which includes some dramatic changes for student loan borrowers. One of these big changes is to income-driven repayment. The budget proposes to […]
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Loss of IRS Data Retrieval Tool Complicates Financial Aid Applications and Student Loan Repayment for Millions

By Diane Cheng, Associate Research Director, the Institute for College Access & Success (TICAS) This post originally appeared on www.ticas.org/blog. 20 million students complete the FAFSA every year to apply […]
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Borrower Defense Rules to Protect Students Live Another Day

Advocates for student loan borrowers breathed a sigh of relief on March 30, when the deadline passed for Congress to introduce a resolution to roll back the new “borrower defense” […]
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Defrauded Corinthian Students Sent Confusing 1099-Cs

According to the IRS, if you went to a Corinthian school and had your loans canceled under the borrower defense rule, you should not owe taxes on the canceled amount. […]
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Will Congress Finally Stop Taxing Disabled Student Loan Borrowers and Bereaved Parents?

It is a little known fact that a forgiven student loan is usually treated as income for tax purposes. While some types of student loan cancellations (e.g. Public Service Loan […]
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ICYMI: Lots of Attention to Older Student Loan Borrowers

In case you missed it, there has been a flurry of interest in issues that impact older student loan borrowers. Right before the holidays, the Government Accountability Office (“GAO”) released […]
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Student Loan Relief for ITT Students Part 3: Student Claims in the ITT Bankruptcy Proceeding

There are no easy answers for former ITT Tech students struggling with student loan debt, but there are a number of actions these students can consider to try to get […]
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What Happens Now: A Post Election Message

Since the election of Donald Trump for President, we have heard from many people asking us, “what does this mean for student loan borrowers.” The honest answer is that we […]
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