Loan Forgiveness news and trends

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

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 the administration to $136.6 billion for over 3.7 million Americans, the Department of Education said in a Friday (Jan. 19)...

Trade School Student Loan FinTech Fynn Boosts Borrower Benefits
Loans // August 29, 2023

To provide more flexibility and support to trade school student loan borrowers, Fynn, a fintech lender specializing in private student loans, announced expansions to its benefits package on Tuesday (Aug. 29). These expansions aim to address the challenges faced by borrowers in terms of loan repayment and career...

Biden Administration Unveils Student Loan Repayment Plan
Loans // August 22, 2023

The Biden Administration has unveiled a student loan repayment initiative that is set to benefit over 20 million borrowers. The Saving on a Valuable Education (SAVE) plan introduces an income-driven repayment (IDR) model that calculates monthly payments based on a borrower’s income and family size,...

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

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 government will set up a year-long “on-ramp” to repayments — running from Oct. 1 of this year until Sept. 30,...

Interviews & Exclusives
PPP Loans, Cash Crunches And Now, The Specter Of Public Shame

July 08, 2020
And now: Stimulus funding as a tool for public shaming. Depending on how you look at it, the fact that roughly $130 billion is left under the Paycheck Protection Program (PPP) is a testament to either the program’s success or failure. Maybe the small- to medium-sized businesses (SMBs) the program was and is designed to […]

Quick Reads
Biden Cancels $6 Billion in Debt for Grads of Failed Art Institutes

May 01, 2024
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), those graduates were lied to by the now defunct chain of for-profit arts schools, the subject of years of investigation and litigation around the country. “The Art Institutes preyed on the hopes […]

Biden Administration Brings Student Loan Debt Relief Total to $136.6 Billion

January 19, 2024
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 the administration to $136.6 billion...

Trade School Student Loan FinTech Fynn Boosts Borrower Benefits

August 29, 2023
To provide more flexibility and support to trade school student loan borrowers, Fynn, a fintech lender specializing in private student loans, announced expansions to its benefits package on Tuesday (Aug. 29). These expansions...

Biden Administration Unveils Student Loan Repayment Plan

August 22, 2023
The Biden Administration has unveiled a student loan repayment initiative that is set to benefit over 20 million borrowers. The Saving on a Valuable Education (SAVE) plan introduces an income-driven...