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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
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
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
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
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
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
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
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
A millennial dad's $0 student-loan payments gave his family some breathing room. Then courts blocked Biden's repayment plan leaving 8 million borrowers like him in limbo.
Alan Pedrick, 41, is worried he'll have to cut back on his kids' after-school programs if the SAVE …
Ayelet Sheffey
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
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
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
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
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
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
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
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
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
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
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…