By NICKY FORSTER and HEATHER HOLLINGSWORTH Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments. The numbers have spiked since payments came due again following a lengthy pause intended to provide relief during…
By ADRIANA MORGA NEW YORK (AP) — Changes to federal student loans expected to affect millions of borrowers are taking effect July 1. A part of President Donald Trump’s “Big Beautiful Bill,” these changes mean the end of some payment plans…
By COLLIN BINKLEY WASHINGTON (AP) — A federal judge on Tuesday struck down a Trump administration overhaul to a public service forgiveness program for student loans, ruling in favor of advocates who said the program risked becoming a tool for political retribution. U.S.…
By ALIA WONG and COLLIN BINKLEY WASHINGTON (AP) — The Education Department on Thursday announced a reduction in interest rates for federal student loans, describing it as part of a plan to make higher education more affordable. With growing numbers of borrowers in default,…
By ANNIE MA WASHINGTON (AP) — More than 7 million student loan borrowers who have been enrolled in a Biden-era repayment plan will receive notices beginning Friday with instructions to seek a new plan to repay their debt, the Education Department said. Borrowers…
By COLLIN BINKLEY WASHINGTON (AP) — The U.S. Education Department is handing off a portion of its student loan portfolio to the Treasury Department, a first step toward shedding management of all student loans as Trump administration officials dismantle the federal education agency. Under…
WASHINGTON (AP) — The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday. Currently, roughly 5.3 million borrowers are in default on their…
Two student loan repayment programs have been reopened following legal wrangling on loan forgiveness. The two programs, known as ‘Pay as you earn’ and ‘income contingent repayment’ are now accepting…
By COLLIN BINKLEY Updated 3:21 PM CDT, October 3, 2024 WASHINGTON (AP) — President Joe Biden’s latest attempt at student loan cancellation is free to move ahead — at least temporarily — after a judge in Georgia decided that a legal challenge should…
BY ANNIE MA Updated 11:49 AM CDT, July 18, 2024 The Biden administration is cancelling an additional $1.2 billion in student loans for borrowers who work in public service through changes to an existing forgiveness program. The relief for roughly 35,000…
BY COLLIN BINKLEY Updated 4:22 AM CDT, May 22, 2024 Share WASHINGTON (AP) — The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. The Education Department announced the latest round of cancellation on Wednesday, saying…
BY ADRIANA MORGA Updated 11:32 AM CDT, April 30, 2024 NEW YORK (AP) — Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation. The Education Department is expected…
Almost 1,800 Mississippians will be forgiven their student loans as part of the SAVE Plan forgiveness program. The Biden-Harris Administration released a state-by-state breakdown this morning, showing how the $1.2 billion breakdown will be divided among the states. The breakdown…
WASHINGTON (AP) — The Biden administration will start canceling student loans for some borrowers in February as part of a new repayment plan that’s taking effect nearly six months ahead of schedule. Loan forgiveness was originally set to begin in July under…
The Biden Administration has officially launched its new student loan repayment program. It’s called ‘SAVE’ and aims to significantly lower payments and reduce overall loan costs for…
WASHINGTON (AP) — A sharply divided Supreme Court ruled Friday that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans. The 6-3 decision, with conservative justices in the majority, effectively killed…
WASHINGTON (AP) — The White House is moving forward with a proposal that would lower student debt payments for millions of Americans now and in the future, offering a new route to repay federal loans under far more generous terms.…
By JIM SALTER Associated Press ST. LOUIS (AP) - A federal judge in St. Louis has dismissed an effort by six states to block the Biden administration’s plan to forgive student loan debt for tens of millions of Americans. U.S.…
WASHINGTON (AP) — President Joe Biden on Wednesday announced his long-awaited plan to deliver on a campaign promise to provide $10,000 in student debt cancellation for millions of Americans — and up to $10,000 more for those with the greatest financial need…
By CORA LEWIS and ADRIANA MORGA NEW YORK (AP) — President Joe Biden is expected to announce Wednesday that many Americans can have up to $10,000 in federal student loan debt forgiven. Details of the plan are still being finalized, but…
By SEUNG MIN KIM, MICHAEL BALSAMO and CHRIS MEGERIAN Associated Press WASHINGTON (AP) - President Joe Biden on Wednesday is set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend…
In December, the Biden-Harris administration announced that the student-loan payment pause was extended until May 1st, but that time is flying by and borrowers have less than two months to…
According to Attorney General Jim Hood nearly 6,000 Mississippi students are eligible for federal student loan cancellation. Eligible students must have attended and used those loans at schools operated by the for-profit Corinthian Colleges, Inc. including Everest Institute, Everest College,…