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Loans discharged that were not the result of long-term public service employment constitute taxable income. Student loan borrowers may have their existing federal student loan debt removed if they can prove that their school misled them. The program is called Borrower Defense to Repayment or Borrower Defense. [74]
Alrena Dale, 61, got $155,000 in student loans discharged through bankruptcy. Biden's new bankruptcy guidance, aimed at easing the process for borrowers, made that possible. Some attorneys told BI ...
About 135,600 former Corinthian students who were approved for debt relief were still waiting for their loans to be discharged as of this fall, according to a court filing. ... borrower defense to ...
A 2023 report from the Student Debt Crisis Center found more than half of borrowers with defaulted loans said their student debt prevents them from buying a home. The Hill has reached out to the ...
More than 200,000 borrowers who were misled by colleges will have loans discharged. The $6 billion in student loan cancellation through borrower defense Skip to main content
Two of Biden's key debt-relief initiatives are tied up in court: his SAVE income-driven repayment plan, intended to make student-loan payments cheaper for borrowers, and his broader loan ...
With federal student loan payments set to resume in the summer of 2023 following a lengthy pause -- and the Biden administration's student loan forgiveness plan being debated before the Supreme ...
The Biden administration has discharged $34 billion in student loan debt for 1.7 million borrowers since the president took office a little more than seven months ago. Biden administration has ...