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Following the Supreme Court's 6-3 decision to strike down President Biden's student loan relief program, the administration has announced a Plan B entailing several new steps. Explore: Student Loan...
With student loan forgiveness still uncertain, borrowers can expect more changes -- and perhaps some potholes -- on the road to paying down student loan debt. As part of the Biden administration's...
The SAVE plan was created to fix some long-standing problems with earlier income-driven repayment plans, or IDRs. It also debuted a month after the Supreme Court blocked Mr. Biden's plan to erase ...
“Today’s GAO report confirms serious problems with the management of Income-Driven Repayment plans, which were intended to serve as a safety net for low-income student borrowers and provide ...
Federal Student Aid (FSA) — part of the Department of Education — found that GCU lied to students about the cost to attend doctorate programs, which was consistently lower than 98% of students ...
Student loans totaled more than $1.3 trillion, averaging $25,000 each for 40 million debtors. The debtors average age was 33. Forty percent of the debt was owed by people 40 or older. [37] In a 2017 report by the National Center for Education Statistics, the researchers found that 27% of all student loans resulted in default within 12 years. [33]
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