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8 million student-loan borrowers struggling to afford key long-term expenses could get debt cancellation through a new Biden proposal

The Education Department released its proposal to get student-debt relief to borrowers facing finan…

Ayelet Sheffey   


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3 mins read

A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments

The Education Department placed a second penalty on student-loan company MOHELA over failure to pro…

Ayelet Sheffey   


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60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden's broader relief remains blocked in court

The latest student-loan forgiveness announcement brings the total number of borrowers approved for …

Ayelet Sheffey   


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Millions of student-loan borrowers just lost access to a key debt relief program — and it could have big financial consequences

The on-ramp period for millions of student-loan borrowers is over. This means those who miss paymen…

Ayelet Sheffey   


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Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.

After Navient was banned from federal student-loan servicing, Elizabeth Warren told BI it's a warni…

Ayelet Sheffey   


Ayelet Sheffey   


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Student-loan borrowers can expect more debt relief before Biden's term is up, a top White House House official says

White House chief of staff Jeff Zients told Axios that more student-loan forgiveness is coming for …

Ayelet Sheffey   


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Ayelet Sheffey   


Ayelet Sheffey   


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2 mins read

8 million student-loan borrowers on Biden's new repayment plan don't have to make payments after a federal court blocked the program in full

A court blocked the SAVE student-loan repayment plan. All 8 million impacted borrowers will be plac…

Ayelet Sheffey   


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35,000 student-loan borrowers in public service are getting $1.2 billion in debt wiped out after fixes to a key relief program

The Education Department approved another batch of student-loan borrowers for debt relief through t…

Ayelet Sheffey   


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3 mins read

Biden's Education Department just released a plan to prevent for-profit colleges from 'exploiting' veterans and loading them up with student debt

These proposals build on ones Biden already put forth to reform the student-loan industry, like pre…

Ayelet Sheffey   


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4 mins read

Student-loan borrowers are entering a new 'Wild West' where any form of debt relief is much less certain

The Supreme Court struck down the Chevron doctrine, inviting uncertainty over the fate of federal r…

Ayelet Sheffey   


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4 mins read

The student-loan crisis is facing a shake-up — and lawmakers are worried Biden's Education Department isn't ready to handle it

Both Democratic and Republican lawmakers have expressed concerns with Biden's ability to implement …

Ayelet Sheffey   


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2 mins read

Student-loan borrowers can now submit comments to Biden's Education Department on its plans to improve debt relief

If you have a thought on Biden's proposals to improve student-loan forgiveness programs, you have 3…

Ayelet Sheffey   


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3 mins read

4 student-loan forgiveness programs might become easier to qualify for. Here's what you need to know.

Biden's Education Department released proposals to improve major student-loan forgiveness programs,…

Ayelet Sheffey   


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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   


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Student-loan payments resume in 2 months as Biden nears a decision on federal debt cancellation

Advocates are pushing Biden to cancel student debt and extend the payment pause, as the GOP slams h…

Ayelet Sheffey   


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200,000 student-loan borrowers are getting their debt wiped out through a settlement with Biden's Education Department

The lawsuit was first brought against former Education Secretary Betsy DeVos over thousands of clai…

Ayelet Sheffey   


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Biden confirms he's nearing a decision on student-loan forgiveness and says a payment-pause extension is 'on the table'

Millions of student-loan borrowers are awaiting news of debt cancellation — an announcement l…

Ayelet Sheffey