The federal government has erased more than $127 billion in student loans since 2021. That debt forgiveness came from changes to existing programs, Bloomberg News reported Saturday (Nov. 11), freeing up some borrowers in spite of a Supreme Court ruling blocking President Joe Biden’s student...
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 of them. As Bloomberg News reported Sunday (Aug. 20), some borrowers have still had their balances erased, weeks before monthly loan payments...
Launched in 2008 as a provision of the College Cost Reduction and Access Act (CCRAA), the Public Service Loan Forgiveness program’s objectives were pretty straightforward. The idea was to create a mechanism by which those who worked full-time in public service and made a good-faith...
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) press release. One portion of the newly approved debt relief, […]
November 12, 2023
The federal government has erased more than $127 billion in student loans since 2021. That debt forgiveness came from changes to existing programs, Bloomberg News reported Saturday (Nov. 11), freeing...
August 20, 2023
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 of them. As Bloomberg News reported Sunday...
