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5 mins read
Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won't have any immediate answers.
Millions of student-loan borrowers were counting on debt cancellation under Biden. Then came the la…
Ayelet Sheffey
2 mins read
More student-loan borrowers are getting debt cancellation through bankruptcy 2 years after Biden streamlined the process
The Justice Department announced that 98% of student-loan borrowers who requested bankruptcy relief…
Ayelet Sheffey
2 mins read
Biden's second attempt at broader student-loan forgiveness could now happen in October
The Education Department plans to finalize its next student-loan forgiveness plan in October. Borro…
Ayelet Sheffey
2 mins read
Biden's Education Department is considering avenues to make 450,000 more workers eligible for a key student-debt cancellation program
The Education Department issued a request for information on expanding Public Service Loan Forgiven…
Ayelet Sheffey
2 mins read
Some student-loan borrowers have one week left to benefit from a temporary measure that'll bring them closer to debt cancellation
Student-loan borrowers on income-driven repayment plans and PSLF have until June 30 to consolidate …
Ayelet Sheffey
2 mins read
Canceling student debt isn't as easy as it seems, a top student-loan official says: 'There's a lot of twists and turns'
Under Sec. of Education James Kvaal also said he's continuing to examine whether Biden can cancel $…
Ayelet Sheffey
3 mins read
Biden's Education Department just proposed a student-loan forgiveness revamp so borrowers 'don't have to jump through hoops' for debt relief
From preventing surges in student loan interest to making targeted relief easier to gain, a range o…
Ayelet Sheffey
4 mins read
Biden's Education Department just punted on a policy that could keep student-loan borrowers' debt from piling up after they graduate
Biden is delaying reinstatement of the gainful employment rule, which mainly protects students that…
Ayelet Sheffey
3 mins read
A top student-loan official says growing student debt loads for parents is 'something we're watching very carefully' but they may not be eligible for Biden's impending forgiveness plan
PLUS loans help parents put their kids through college. But they have the highest interest rates an…
Ayelet Sheffey
2 mins read
Biden's Education Secretary says 'we've been working nonstop' on broad student-loan forgiveness: 'We're ready to roll up our sleeves'
James Kvaal, Under Secretary of Education, also told Insider he's "looking at a variety of options"…
Ayelet Sheffey
3 mins read
40,000 student-loan borrowers are getting their debt wiped out immediately through fixes to 'longstanding failures' in forgiveness programs, Biden's Education Department says
The Education Department is also bringing 3.6 million student-loan borrowers closer to relief throu…
Ayelet Sheffey
2 mins read
160,500 more student-loan borrowers are getting $7.7 billion in 'much needed' debt cancellation
The latest student-loan forgiveness announcement means that more than one out of every 10 federal b…
Ayelet Sheffey
2 mins read
Student-loan borrowers just got 2 extra months to benefit from a temporary debt relief reform
Student-loan borrowers now have until June 30 to consolidate their loans and get the one-time accou…
Ayelet Sheffey
2 mins read
Biden's new student-loan forgiveness plan just began its 30-day public comment period — and anyone can tell the administration what they think of the relief
The draft text for Biden's new student-debt cancellation plan is out, and anyone in the public can …
Ayelet Sheffey
2 mins read
Biden's new plan for student-loan forgiveness is entering its next key stage — and millions of borrowers will have a say on what the relief looks like
Biden's administration released its first set of draft rules for its new student-loan forgiveness p…
Ayelet Sheffey
2 mins read
277,000 student-loan borrowers who have 'paid what they can afford' for at least a decade are getting $7.4 billion in debt wiped out
Student-loan borrowers on the SAVE plan, along with other income-driven repayment plans and PSLF, a…
Ayelet Sheffey
3 mins read
Over 30 million student-loan borrowers would see some — or all — of their balances wiped out in Biden's newly released plan for debt relief
The White House unveiled the details of Biden's student-debt cancellation plan, which would wipe ou…
Ayelet Sheffey
3 mins read
Some parents and high school seniors are running low on time to figure out how they'll pay for college as the chaotic financial aid rollout continues
The chaotic FAFSA rollout means financial aid reward letters will be delayed for many, limiting the…
Ayelet Sheffey
2 mins read
Student-loan borrowers could see an easier repayment process through Biden's budget request — along with efforts to make college cheaper
Biden is requesting boosted funding for Federal Student Aid to help support student-loan borrowers …
Ayelet Sheffey
2 mins read
7.3 million students will be eligible for Pell Grants in the Education Department's latest update to a key financial aid application
The Education Department announced an update to its FAFSA calculations to make more students eligib…