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Millions of Student Loan Borrowers Are Closer to Being Debt-Free. What to Know About the Changes
Here’s what borrowers need to know about the U.S. Department of Education’s plans to overhaul the student loan system.
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Higher-Education Expert Proposes New Way for Biden to Cancel Student Debt Without Congress
Higher-education expert Mark Kantrowitz argues federal student loans could be forgiven via regulatory changes set by the executive branch.
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Department of Education Says Owners of Troubled Private Colleges Will Be on the Hook for Costs to Taxpayers
The U.S. Department of Education says it will hold the owners of certain colleges that closed or defrauded students accountable for taxpayer losses.
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Student Loan Delinquencies Could Return to Pre-Pandemic Rate When Payments Resume. What Borrowers Can Do Now
“Serious delinquency rates for student debt could snap back from historic lows,” wrote Lowell Ricketts of the Federal Reserve Bank of St. Louis.
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Half of Student Loan Borrowers May Be at Increased Risk of Delinquency, GAO Report Finds
After two years of federal student loan payment suspensions, the government expects it will not be easy to get millions of borrowers back into repayment.
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Education Department Forgives $415 Million in Student Debt for Borrowers Who Attended For-Profit Schools
Nearly 16,000 student loan borrowers who attended for-profit schools will get their debts cleared, the U.S. Department of Education announced.
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Education Department Suspends Seizure of Tax Refunds, Social Security for Overdue Student Loans Until November
The federal government can seize certain payments to satisfy delinquent debts. The U.S. Department of Education suspended the practice until after Nov. 1.
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Student Loan Debt Hurts the Mental Health of Most Borrowers, Survey Finds
Most borrowers, 62%, say student loan debt negatively affected their mental health, according to the Invest in You Student Loan Survey conducted by Momentive.
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Navient Settles Predatory Student Loan Claims for $1.85B
Navient, a major student loan servicing company, has settled allegations of abusive lending practices for $1.85 billion
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Student Loan Scams Increase When Payments Are Paused. What to Know
The continued pause of federal student loan debt and interest has led to some confusion and an uptick in scams. How to protect yourself from falling victim.
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What Borrowers Need to Know About Biden Administration's Reforms to the Public Service Loan Forgiveness Program
Many borrowers are finally due to get their student loans excused under the public service loan forgiveness program, after reforms by the Biden administration.
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More Than 60% of Voters Support Some Student Loan Debt Forgiveness
62% of voters support forgiving at least some student loan debt, according to a poll.
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Biden Appears Unlikely to Extend the Student Loan Pause—Here's How Borrowers Can Prepare Right Now
“41 million borrowers have benefitted from the extended student loan payment pause, but it expires February 1.”