Student Loan Forgiveness

Student Loan Forgiveness
Student Loans

Most Student-Loan Borrowers Made No Payment During US Freeze

(Bloomberg) — A majority of borrowers who together hold about $400 billion in federal student debt made no payment on their loans in the pandemic era, taking full advantage of a freeze put in place at the onset of the Covid-19 crisis. Data from the Federal Reserve show that 60% of borrowers who qualified for […]

Read More
Biden
Student Loan Forgiveness
Student Loans

Biden’s $1.75 Trillion Student-Debt Problem by the Numbers

(Bloomberg) — President Joe Biden is considering forgiving at least $10,000 in student loans per borrower, a promise he made on the campaign trail, through executive action. Here are key data points: $1.75 trillion — the total amount of outstanding student-loan debt in U.S., according to the Federal Reserve. About 92% of that debt — […]

Read More
Student Loan Forgiveness
Student Loans

30,000 borrowers to get student loans forgiven

Thousands more people could soon have their student loan balances wiped clean as the Biden administration works to identify borrowers who are eligible for student loan forgiveness for public service. It’s the latest effort by the Education Department to provide relief for borrowers burdened with billions of dollars in student loan debt. The number of […]

Read More
Student Loan Forgiveness
Student Loans

Student loan forgiveness: Education Department erased $2 billion in debt for 30,000 borrowers

The Education Department rolled out a series of major changes to the troubled Public Service Loan Forgiveness (PSLF) program for student loan borrowers in public service in October, and the level of debt cancellation is topping even the government’s estimates. According to a tweet by Education Secretary Miguel Cardona on Thursday, roughly 10,000 borrowers who […]

Read More
X