While student loan forgiveness has been a focus throughout Joe Biden’s presidency, little is known about the borrowers lucky enough to actually receive relief. To fill the information vacuum, the Consumer Financial Protection Bureau (CFPB) on Wednesday released a first-of-its-kind study of borrowers whose student loans were partially or fully forgiven. “Student loan debt relief … Read more
Student loan borrowers hungry for more government help could see very different policies next year depending on who lives in the White House. With nearly one in five U.S. adults carrying student debt, student loan policy tends to lag behind other economic issues in the eyes of voters. Still, about 4 in 10 adults say … Read more
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