Search results
Results from the WOW.Com Content Network
On June 1, 2022, the U.S. Department of Education announced that it would cancel all federal student loans owed by more than 560,000 students who attended Corinthian Colleges between 1995 and 2015. The amount forgiven would total $5.8 billion and would be the single largest discharge of student loans in history according to the department.
A new ruling found that a Colorado couple’s private student loans could be discharged when a borrower files for personal bankruptcy. Judge: Colorado couple could see $200,000 in student debt ...
New guidance. In theory, student loan debt can be discharged in a bankruptcy proceeding. If the bankruptcy court approves the discharge, the debtor has to submit a separate filing to prove ...
The GAO report also found that the majority of students affected by a closing institution were enrolled at a for-profit college. For instance, between 2010 and 2020 around 246,000 student loan ...
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [1]
In 2017, Colorado Tech was under heightened cash monitoring by the US Department of Education to provide additional oversight of cash management. [11]On March 9, 2020, the Department of Veterans Affairs suspended G.I. Bill reimbursement eligibility for Colorado Technical University and several other for-profit schools due to what the V.A. said were "erroneous, deceptive, or misleading ...
On Nov. 17, 2022, the Departments of Justice and Education announced changes in how student loan discharge will be treated in future bankruptcy cases. Under the new guidelines, borrowers seeking ...
Although the Department of Education can go after schools to recoup the costs of debt discharged under the programs, the department collected only $344 million from 2013 to 2022 of the more than ...