New student loan forgiveness rule targets 8 million borrowers News ad

New student loan forgiveness rule targets 8 million borrowers

 News ad

Despite stiff legal opposition, the Biden administration is moving forward with a new plan to cancel federal student loans for millions of borrowers. The Education Department released new forgiveness rules Friday as part of its latest effort to broadly forgive student debt. The agency says the plan, if finalized, would provide one-time debt relief to … Read more

Navient Set to Pay Millions to Harmed Student Loan Borrowers News ad

Navient Set to Pay Millions to Harmed Student Loan Borrowers News ad

The federal government is ordering student loan servicer Navient to pay a hefty fine aimed at redressing exploited borrowers. The Consumer Financial Protection Bureau (CFPB) filed a proposed order Thursday against Navient, fining the financial firm $120 million and recommending it be permanently banned from servicing federal student loans. Part of that money is earmarked … Read more

Student Loan Forgiveness Blocked Again: 5 Updates for Borrowers News ad

Student Loan Forgiveness Blocked Again: 5 Updates for Borrowers News ad

A group of Republican-led states has thrown another wrench in the Biden administration’s attempts to reform the federal student loan system. On Thursday, a federal court in Georgia temporarily blocked President Biden’s latest effort to broadly forgive student loans, which was slated to cancel an estimated $150 billion of student loan debt starting as early … Read more