Department of Education

White House Pauses Student Loan Repayment for 3 Million Borrowers
White House Pauses Student Loan Repayment for 3 Million Borrowers
June 30, 2024  |  Consumer Finance

The Department of Education is reportedly pausing repayments for around 3 million student loan borrowers. The pause comes as the White House defends its new...

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Feds Cancel Student Debt for 160K New Borrowers
Feds Cancel Student Debt for 160K New Borrowers
May 22, 2024  |  Debt

The U.S. Department of Education is canceling student debt for another 160,000 borrowers. This latest cancellation, announced by the White House Wednesday (May 22), brings...

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Biden Cancels $6 Billion in Debt for Grads of Failed Art Institutes
Biden Cancels $6 Billion in Debt for Grads of Failed Art Institutes
May 01, 2024  |  Loans

The White House has forgiven $6.1 billion in loans for Art Institutes graduates. That’s because, the Department of Education said in a news release Wednesday (May 1),...

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Biden Administration Brings Student Loan Debt Relief Total to $136.6 Billion
Biden Administration Brings Student Loan Debt Relief Total to $136.6 Billion
January 19, 2024  |  Loans

The Biden Administration has approved an additional $4.9 billion in student loan debt relief for 73,600 borrowers. This brings the total loan forgiveness approved by...

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CFPB: Student Banking Products Have Unusually High Fees
CFPB: Student Banking Products Have Unusually High Fees
December 19, 2023  |  CFPB

American college students’ first bank accounts might end up being their worst bank accounts. A recent report by the Consumer Financial Protection Bureau (CFPB) finds that many college-sponsored...

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Some Borrowers See Student Loan Relief Despite Court Ruling
Some Borrowers See Student Loan Relief Despite Court Ruling
August 20, 2023  |  Debt

Earlier this summer, the Supreme Court struck down President Joe Biden’s student loan forgiveness plan. It was bad news for many borrowers, but not all...

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Biden Administration to Forgive $116.6 Billion in Student Loans
Biden Administration to Forgive $116.6 Billion in Student Loans
July 14, 2023  |  Loans

The Biden-Harris Administration is providing more than $116.6 billion in student loan forgiveness to 3.4 million borrowers. The Department of Education will begin notifying 804,000 of those...

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Biden Student Loan ‘On-Ramp’ Shields Borrowers Who Miss Student Loan Payments
Biden Student Loan ‘On-Ramp’ Shields Borrowers Who Miss Student Loan Payments
July 05, 2023  |  Loans

The White House wants to offer debt relief to student loan borrowers as payments resume. According to an announcement last week by the U.S. Department of Education, the...

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Biden Looks to Halve Student Loan Payments for Some Borrowers
Biden Looks to Halve Student Loan Payments for Some Borrowers
January 10, 2023  |  Loans

The Biden Administration has proposed an income-driven repayment plan designed to ease student loan debt. The proposed regulations, announced Tuesday (Jan. 10) would amend the...

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