Latest Student Loan News
President Biden Has Announced That Borrowers Can Have $10,000 to $20,000 of Federal Student Loan Debt Cancelled: What Do Borrowers Need To Do Now?
August 26, 2022
On August 24 2022, President Biden announced that he would cancel $10,000 of federal student loan debt for all borrowers who make less than $125,000 (for individuals) or less than […]
Continue Reading →Public Service Workers: Take Action by October 31, 2022 To Take Advantage of Temporarily Improved Loan Forgiveness Rules
August 09, 2022
Public service workers (including most government and non-profit employees) are generally eligible for federal student loan cancellation after 10 years in repayment through the Public Service Loan Forgiveness Program, but […]
Continue Reading →What Borrowers Need to Know About The Department of Education’s Tentative Agreement To Resolve All Pending Borrower Defense Applications
July 06, 2022
On June 22, 2022, the Department of Education agreed to a proposed settlement agreement in the class action lawsuit Sweet v. Cardona. In that case, a group of federal student […]
Continue Reading →Department of Education Announces It Will Cancel All Corinthian Colleges’ Students’ Federal Student Loans
June 03, 2022
On June 1, 2022, the Department of Education announced that it would cancel all of the federal student loans former Corinthian College students borrowed to attend those schools (Heald College, […]
Continue Reading →Student Loan Payment Pause Extended through August 31, 2022, Loans Removed from Default: What Borrowers Need to Know
April 08, 2022
On April 6, 2022, President Biden directed the U.S. Department of Education to extend the coronavirus-related payment suspension and 0% interest rate on certain federal student loans for four months. The payment suspension […]
Continue Reading →Explosive New Evidence of Mismanagement of Student Loan Program Shows Need for IDR Waiver
April 01, 2022
By Abby Shafroth and Persis Yu Earlier today, an NPR investigative report revealed sweeping problems plaguing a federal student loan program intended to provide borrowers affordable monthly payments and loan forgiveness after […]
Continue Reading →The Department of Education has announced more borrower defense findings; which applications are getting granted?
February 28, 2022
Did you attend a predatory school? Please share your story with us here. A borrower defense to repayment (“borrower defense”) allows borrowers who were misled, defrauded, or subject to illegal […]
Continue Reading →Student Loan Payment Suspension Extended through May 1, 2022: What Borrowers Need to Know
January 13, 2022
On December 22, 2021, President Biden directed the U.S. Department of Education to extend the coronavirus-related payment suspension and 0% interest rate on certain federal student loans for an additional 90 days. The […]
Continue Reading →If Payments Resume and Child Tax Credit Benefits Expire, February 1st Will Mark a Fiscal Cliff for Millions of Households in All 50 States
December 22, 2021
By Persis Yu and Abby Shafroth | December 22, 2021 In the coming weeks, tens of millions of American households will face a combination of financial catastrophes: the new Omicron […]
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