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In 2018, the group joined the American Federation of Teachers to launch an investigation into the failure of the Public Service Loan Forgiveness program. [15] Over the course of three years, Student Borrower Protection Center supported litigation by teachers and uncovered evidence of government mismanagement and industry abuses across the student loan system, including evidence that Public ...
Borrowers previously denied forgiveness under the public service loan forgiveness program have until October 31, 2022, to try again. Student loan borrowers face hiccups reapplying for forgiveness ...
To date, the Biden administration has forgiven $143.6 billion in student loan debt for 3.96 million borrowers. In addition to relief given to PSLF borrowers, 959,700 borrowers have received $47.3 ...
Some borrowers still have loans issued under the Federal Family Education Loan Program which closed in 2010. The Biden forgiveness plan originally allowed these borrowers to receive forgiveness by consolidating into Direct Loans, but due to potential lawsuits stopped allowing this on September 29, 2022, potentially excluding 800,000 FFEL borrowers.
The Biden administration just announced another round of relief for 277,000 student loan borrowers amid legal challenges from Republicans. The latest wave cancels $7.4 billion in student loans ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
It also debuted a month after the Supreme Court blocked Mr. Biden's plan to erase up to $20,000 in debt per student borrower. Because SAVE also promises to lower monthly loan payments — to as ...
A Federal Perkins Loan, also referred to as a Perkins Loan, was a need-based student loan offered by U.S. Department of Education from 1958 until 2017. [1] Created as part of the Federal Direct Student Loan Program, the Perkins Loan served to assist American college students fund their post-secondary education.