Now that student loan relief has been extended until January 31, 2022, attention now turns to whether student loans will be cancelled. Sen Elizabeth Warren (D-MA) and Senate Majority Leader Chuck Schumer (D-NY) say student loan relief is necessary to help millions of student loan borrowers avoid student loan default. Simply put, Warren said student … More Student Loan Cancellation Sends These 3 Messages
An aide for the incoming Biden administration said last week the president-elect will extend the payment pause and interest waiver for student loan borrowers beyond this month, when it was set to expire. That means the 42 million Americans with federal student loans will have more time before they need to start making their monthly … More Biden will extend payment pause for student loan borrowers. Yet timeline remains unclear
“The coronavirus pandemic has presented challenges for many students and borrowers, and this temporary pause in payments will help those who have been impacted,” DeVos said in a statement Friday. “The added time also allows Congress to do its job and determine what measures it believes are necessary and appropriate. The Congress, not the executive … More Student loan payments: Moratorium on federal loan payments extended until Jan. 31 – The Washington Post
The Education Department started warning borrowers through text messages and emails this week that their monthly payments will resume in January. Even though Trump said this summer that he planned to later “extend” the freeze beyond Dec. 31, a White House spokesperson declined to comment on whether the president is still considering another executive action … More Trump’s student loan cliff threatens chaos for Biden
U.S. District Judge William Alsup said in a sharply worded decision that DeVos undercut the settlement by denying large swaths of the claims without sufficient explanation. The class-action settlement, which was reached earlier this year and received preliminary approval from the court, was meant to force the Education Department to move faster on final decisions … More Judge blasts DeVos’ sweeping denials of student loan relief claims as ‘disturbingly Kafkaesque’
Under Biden’s plan, anyone making under $25,000 per year wouldn’t be required to make payments on their student loans at all, and everyone else would only be required to fork over 5% of their discretionary income (which is income minus taxes and essential spending like housing and food) on amounts earned over the $25,000 annual … More Will Biden Really Deliver Student Loan Forgiveness?
This bill permits a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend. — Read on http://www.congress.gov/bill/116th-congress/house-bill/770
Congress will start negotiations soon. The HEROES Act would extend the student loan payment and interest suspension for another year, through September 30, 2021. It originally called for the $10,000 student loan forgiveness for all borrowers, but was scaled back to provide the forgiveness for those student borrowers struggling before the pandemic hit. Now, more … More Second Stimulus Checks And Student Loan Forgiveness Could Be Coming
Massachusetts Attorney General Maura Healey applied for “borrower defense” on behalf of 7,200 former Corinithian College students as a group application. Borrower defense is the provision that helps defrauded students by giving the Secretary of Education the authority to discharge debt when schools lie and cheat their students. DeVos refused to forgive the debt and … More Federal Judge Orders DeVos To Cancel Student Loans For Some Students
“College graduates who put in a decade of hard work and made timely payments on their student loans earned their TEPSLF loan forgiveness,” Becerra said. “But Education Secretary Betsy DeVos chose to ignore all of that. Today’s lawsuit reminds Secretary DeVos that she is not above the law. She is accountable to these college graduates … More California sues Betsy DeVos Over Student Loan Forgiveness
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