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A Consumer Financial Protection Bureau report flagged several problems with how student loan servicers administered the Public Service Loan Forgiveness program.
The application for federal student loan forgiveness is on hold as the Education Department appeals a federal district court judge’s ruling that the program is a violation of legislative power ...
The administration is working on developing another student loan forgiveness program, relying on a different legal authority this time. The details are expected to be released later this year.
The uncertainty surrounding student loan forgiveness, including law suits in six states and a "stay" granted by the 8th U.S. Circuit Court of Appeals concerning the Biden administration's loan...
In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms. [7] [16] Following litigation brought by several Republican-led state governments, the Supreme Court ruled in Biden v. Nebraska (2023) that the statute did not permit the administration's debt forgiveness ...
Late Thursday, Nov. 10, the Biden administration's student loan forgiveness program faced a significant setback after a federal court judge in Texas ruled the measure illegal, blocking it from ...
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