You Searched For "loan repayment delay" and got 20 results
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2 mins read
Student-loan borrowers on Biden's new repayment plan are now waiting for the Supreme Court to decide whether cheaper payments and debt cancellation can resume
After the 8th Circuit officially blocked Biden's SAVE student-loan repayment plan, the Justice Depa…
Ayelet Sheffey
3 mins read
Student-loan borrowers on Biden's new repayment plan have 2 options to get credit toward debt cancellation while the program is blocked
With the SAVE plan blocked, student-loan borrowers have a couple of options to get credit toward de…
Ayelet Sheffey
2 mins read
A federal court has now blocked Biden's new student-loan repayment plan in full, prohibiting borrowers from getting cheaper payments and debt cancellation
The 8th Circuit Appeals Court blocked the SAVE student-loan repayment plan in its entirety, forcing…
Ayelet Sheffey
4 mins read
Student-loan borrowers who were set to get debt cancellation or lower payments through Biden's new repayment plan won't get it for now. Here's what you need to know.
Two separate court rulings blocked parts of the SAVE plan, including student-debt relief and cheape…
Ayelet Sheffey
3 mins read
Student-loan borrowers faced 3.9 million billing errors after entering repayment, a new report from 4 Democratic lawmakers says
A new report from Elizabeth Warren and her colleagues called for student-loan forgiveness for borro…
Ayelet Sheffey
2 mins read
A major student-loan company says 'extensive servicing delays are a likely outcome' as borrowers transition back into repayment — and it could 'last well into 2024'
Student-loan company MOHELA told Democratic senators the "extreme nature" of repayment will bring v…
Ayelet Sheffey
2 mins read
Student-loan borrowers in public service are facing a key change starting in May — and it'll mean delays in their debt cancellation progress
Starting in May, the Public Service Loan Forgiveness program will move from MOHELA to Federal Stude…
Ayelet Sheffey
2 mins read
Millions of student-loan borrowers are about to lose a key safeguard that'll put their credit scores and debt relief at risk
The on-ramp period for student-loan borrowers is ending this month, meaning missed payments will no…
Ayelet Sheffey
3 mins read
A second Trump term would be 'chaos' for student loan borrowers
Trump has intensified his verbal attacks on student loan forgiveness and a recent Supreme Court rul…
Katherine Tangalakis-Lippert
2 mins read
Student-loan borrowers have delayed buying a home or car, having kids, and getting married because of their debt — even for those with balances smaller than $10,000
A new Gallup survey found that 71% of student-loan borrowers have put off key life events, includin…
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
A government shutdown in 12 days could make student-loan borrowers' repayment and customer service struggles even worse
If Congress doesn't find a funding solution soon, the government will shut down. It could mean even…
Ayelet Sheffey
3 mins read
Student-loan borrowers struggling with repayment need more help than what the Education Department has offered — and they might not get it
Student-loan company MOHELA lost $7 million in pay, the first servicer to get punished for repaymen…
Ayelet Sheffey
2 mins read
Millions of student-loan borrowers' payments are being 'wildly' mismanaged by a major servicer — and it might be time to terminate its contract, over 50 Democratic lawmakers say
Student-loan company MOHELA is facing two lawsuits over claims it mistreated millions of borrowers.…
Ayelet Sheffey
3 mins read
$100,000 monthly student-loan bills, late statements, and erroneous banking fees: here's everything that's gone wrong for borrowers with the return to repayment
Millions of student-loan borrowers have faced errors at the hands of their servicer since payments …
Ayelet Sheffey
4 mins read
After various degrees and a brain injury, I owe $150,000 in student loans. The lawsuits and election only make it worse.
Shanna Hayes owes more than $150,000 in student loans, made worse after a brain injury. The electio…
Alice Tecotzky
3 mins read
Biden's Education Department is delaying the release of a student-loan repayment plan intended to lower your monthly bills
An Education Department spokesperson told Insider this delay should not impact when new income-driv…
Ayelet Sheffey
2 mins read
Millions of student-loan borrowers should be on the lookout for an email update on Biden's broader debt cancellation plan. They might need to take action.
The Education Department is taking another step toward implementing its broader student-loan forgiv…
Ayelet Sheffey
2 mins read
Student-loan borrowers struggling with repayment should not be required to pay their debt until their account issues are resolved, 19 state attorneys general say
"We believe the Department can and should do more to mitigate harm" to student-loan borrowers, the …
Ayelet Sheffey
3 mins read
Congress is gearing up for a budget showdown. From funding for student-loan repayment to Social Security benefits, here's what's at stake.
Lawmakers have until the end of September to reach an agreement on funding the government. If not, …