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2 mins read
8.5 million student-loan borrowers get one more year with a company Elizabeth Warren says was 'caught lying to Congress about its atrocious record of fines and penalties'
Elizabeth Warren said millions could "breathe a sigh of relief" when their loan company would cease…
Ayelet Sheffey
3 mins read
A new student-loan company is now taking over the accounts of public servants seeking debt cancellation
Along with account transfers, the Public Service Loan Forgiveness waiver expires in four months. Ad…
Ayelet Sheffey
2 mins read
Biden's top student-loan official said much more student debt relief is to come, but asks borrowers 'not to flood our phone lines'
Thousands of public servants like teachers and first responders saw debt wiped out by PSLF reforms.…
Ayelet Sheffey
3 mins read
Meet a teacher who just got $44,000 in student debt forgiven but is still fighting: 'This struggle isn't over until it's over for all 45 million Americans'
Lisa Ansell woke up on Nov. 11 with "a new lease on life" after her student-debt load turned to $0.…
Ayelet Sheffey
3 mins read
550,000 student-loan borrowers got closer to relief with temporary reforms last month. 7 Democrats want those changes to be permanent.
The Ed. Dept. overhauled public service loan forgiveness last month, wiping out $1.74B in student d…
Ayelet Sheffey
2 mins read
Biden's Education Dept. asked how it can fix a student-loan forgiveness program for public servants. Over 33,000 people have answered.
In July, the Education Dept. opened a public inquiry for comments on the Public Service Loan Forgiv…
Ayelet Sheffey
3 mins read
A student-loan forgiveness program will continue to reject 80% of public servants through 2026, report finds
The Student Borrower Protection Center found that at the current pace, only 20% of borrowers will g…
Ayelet Sheffey
3 mins read
A student-debt forgiveness story: Meet a public servant eligible for relief who just got $20,000 wiped out after an 11-year wait
Insider spoke to a Florida state employee who became part of the 2% of borrowers whose debt has bee…
Ayelet Sheffey
2 mins read
A student-loan company that took over public servants' accounts is involved in one of the first major lawsuits against Biden's debt cancellation
Six GOP-led states filed a lawsuit in Missouri against President Joe Biden's student-debt cancellat…
Ayelet Sheffey
3 mins read
Meet a 64-year-old dad delaying retirement due to $265,000 in student debt for his 2 kids: 'I was going to do whatever was necessary to get my kids through and get them started in their careers'
Robert Pemberton sat by his wife for 3 years as she battled cancer. Even with loan payments paused,…
Ayelet Sheffey
2 mins read
Student-loan companies aren't prepared to restart payments in October, which could be a 'financial catastrophe' for borrowers, senators say
Elizabeth Warren and Ed Markey urged an extension of a student-loan payment pause through at least …
Ayelet Sheffey
2 mins read
Massive student debt loads are preventing 39% of teachers, firefighters, and other public servants from saving for retirement
A quarter of workers in the public sector have over $100,000 in student debt, pushing retirement ou…
Ayelet Sheffey
3 mins read
Biden's vow to fix the student-loan mess is about to get a big test as 2 companies shut down and leave millions of borrowers hanging. His Education Dept. 'needs to deliver on its promises,' an expert says.
"We need to actually fix the system before we turn payments back on," Seth Frotman of the Student B…
Ayelet Sheffey
3 mins read
'It's mind-boggling to me that this total amount is not going down. It's not going away': 2 borrowers describe the crushing interest that keeps them from paying off their debt
"I've paid back almost all of my loans, but I still owe the full amount," one borrower told Insider…
Ayelet Sheffey
5 mins read
I talked to student loan borrowers who are terrified of payments restarting soon. Biden must give them an escape from an impossible situation by wiping their slate clean.
The return of student loan repayments represents an impossible burden for so many Americans looking…