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The final regulations the department announced, which will be implemented July 1, 2023, “will reduce regulatory barriers that have historically made it harder for borrowers to make progress ...
A survey conducted by U.S. News & World Report found that four in 10 respondents said they can’t afford their student loan payments. About one-fifth (22%) carry balances of $30,000 to $40,000 ...
The new IDR Account Adjustment will begin in November 2022 with some people seeing their debts discharged or significantly paid down around this time or later in July 2023.
The future of student loan debt for millions of Americans hangs in limbo. The Supreme Court will hear arguments in February to decide whether the Biden administration went beyond its authority ...
“In late December 2022, as part of the year-end omnibus spending bill, President Biden signed into law the SECURE Act 2.0, which will allow employers to match the amount an employee pays toward ...
The Washington Post noted that student borrower complaints against MOHELA spiked from 2021 to 2022: The Consumer Financial Protection Bureau (CFPB) went from receiving seven official complaints regarding MOHELA in the last quarter of 2021, to receiving over 500 complaints in the last three months of 2022 over MOHELA's loan servicing practices.
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