Students and parents panicked after news of the order, but the Education Department said the guidance would not stop the flow of money to students and schools.
Category: Student Loans
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Biden’s Push to Cancel Student Debt Surpasses 5 Million Borrowers
With Monday’s authorization and 27 previous ones, the Biden administration has forgiven over $180 billion in student loans, even as its larger policy vision never took root.
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Biden to Withdraw Unfinished Student Debt Proposals for 38 Million Borrowers
The decision to withdraw the regulations was a tacit acknowledgment that they would go nowhere under the Trump administration.
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How Fed Rates Influence Mortgages, Credit Cards, Savings and More
Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.
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The Latest FAFSA Form is Available. It Works Fine.
The rollout of the new student aid form last year was a debacle. This year’s beta testing has gone better. Next up: millions of users and a new administration.
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Will Trump Try to End the Public Service Loan Forgiveness Program?
There is widespread concern that President-elect Donald J. Trump may end it, since he has tried before. But that may be the wrong thing to fear.
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How Fed Rates Influence Credit Cards, Loans, Savings and More
Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.
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Biden Administration Floats Student Loan Relief for Borrowers Facing Hardship
The proposal, which faces tough legal prospects, would offer forgiveness to millions of borrowers who are unable to pay back their loans because of financial setbacks.
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White House, Used to Road Blocks on Student Debt, Finds Cause for Victory Lap
An effort to revive and maximize use of the Public Service Loan Forgiveness program has resulted in student loan forgiveness for over one million people.
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Judge Halts Biden Student Debt Plan Right After It Was Allowed to Proceed
The ruling was the latest instance of legal whiplash for the over 27 million borrowers who could qualify, and yet another blow to the president’s pledge to provide mass student debt relief.
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Federal Judge Clears Path for Part of Biden’s Student Loan Plan
The ruling by a judge in Georgia could be just a temporary reprieve for the plan, which still faces legal challenges in another state.