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Select private student loan borrowers may be eligible for student loan forgiveness through former servicer Navient. ... The Biden-Harris administration announced another round of federal debt ...
In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [40] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...
The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
After a series of federal student loan payment pauses and extensions by President Biden and former President Trump, advocates are now calling for further loan pauses and an unprecedented system of...
The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. The Education Department announced the latest round of cancellation on ...
Biden’s new plans come seven months after the conservative-led Supreme Court struck down his first attempt at widespread student loan relief. By a vote of 6-3, the justices ruled that Biden had ...
In March 2020, the CARES Act passed by Congress included a pause on federal student loans repayments and interest until September 30, 2020. [8] On August 8, 2020, the Trump administration issued a memorandum instructing the Secretary of Education to pause on student loan payments and interest through December 31, 2020 using the authority ...
The claim, which has similar threads to the Biden administration’s argument that the Secretary is authorized to cancel around $400 billion in student loan debt, could face legal challenges.