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News Articles: student loan

President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8.

Tagged as: 

  • Education

Two major student loan grace periods are set to expire this week. Here's what to know

Two federal programs that helped federal student loan borrowers ease back into payments are ending. It will have the biggest impact on borrowers with defaulted loans or borrowers who miss payments moving forward.

September 30, 2024
|
By:
  • Juliana Kim
Navient, one of the country’s largest student loan servicers, has reached a $120 million settlement with the Consumer Financial Protection Bureau — resulting in the company being permanently banned from servicing federal student loans.

Tagged as: 

  • Education

Navient reaches $120 million settlement for misleading student loan borrowers

According to the Consumer Financial Protection Bureau, $100 million will be used to make payments to impacted borrowers in a settlement with the former servicer of student loans.

September 12, 2024
|
By:
  • Jonathan Franklin
Student loan borrowers and advocates gather for the People's Rally To Cancel Student Debt During The Supreme Court Hearings On Student Debt Relief on February 28, 2023 in Washington, DC.

Tagged as: 

  • Education

Biden forgives more than $6 billion in loans for 317,000 Art Institutes students

President Biden announced the relief for attendees of the now-shuttered art schools, saying they "falsified data, knowingly misled students, and cheated borrowers into taking on mountains of debt."

May 01, 2024
|
By:
  • C Mandler
Activists and students protest in front of the Supreme Court during a rally for student debt cancellation in Washington, D.C., in February 2023.

Tagged as: 

  • Education

Biden cancels nearly $6 billion in student debt for public service workers

Because of past administrative failures, the some 78,000 affected public service workers such as nurses and teachers never got the relief they were entitled to under the law, Biden said.

March 21, 2024
|
By:
  • C Mandler and
  • Deepa Shivaram
Graduation Cap With 2023 Tassle

Tagged as: 

  • Education

The Community Foundation for Greater Atlanta launches ‘reverse scholarship’ to pay off student debt

The foundation has launched a “reverse scholarship” pilot program that will pay off up to $30,000 in student debt for borrowers.

August 18, 2023
|
By:
  • Rough Draft Atlanta
GPB News NPR

Tagged as: 

  • Law

Read the Supreme Court ruling striking down Biden's student loan relief program

By a 6-3 vote along ideological lines, the Supreme Court has struck down President Biden's plan to forgive some or all federal student loan debt for tens of millions of Americans.

June 30, 2023
|
By:
  • GPB Newsroom
President Joe Biden speaking about student loan debt relief at Delaware State University, Oct. 21, 2022, in Dover, Del. The Biden administration said it is extending the student loan repayment pause again.

Tagged as: 

  • Education

With student loan relief tied up in court, Biden extends repayment pause into 2023

The president has extended the student loan repayment pause into 2023. Biden said he wants to give lawsuits against debt cancellation time to play out, and the Supreme Court time to weigh in.

November 22, 2022
|
By:
  • Dustin Jones
President Joe Biden speaks about student loan debt relief at Delaware State University, Friday, Oct. 21, 2022, in Dover, Del.

Tagged as: 

  • Education

A federal appeals court has temporarily blocked Biden's student loan forgiveness plan

The Eighth Circuit Court of Appeals issued the stay, ordering the Biden administration not to act on the program while it considers a motion from six Republican-led states to block loan cancellation.

October 22, 2022
|
By:
  • The Associated Press
President Joe Biden speaks during a meeting of the White House Competition Council in the State Dining Room of the White House in Washington, Monday, Sept. 26, 2022.

Tagged as: 

  • Education

Joe Biden's student loan forgiveness plan will cost $400 billion, budget office says

The cost of the White House's student loan forgiveness plan is an estimate over a 30-year period and will add to the country's deficit, the Congressional Budget Office said in a report.

September 27, 2022
|
By:
  • Ayana Archie
Students walk to and from classes on the Indiana University campus, Thursday, Oct. 14, 2021, in Bloomington, Ind. Indiana will tax student debt relief as income, reflecting similar policies in other U.S. states following the Biden administration's announcement of a forgiveness plan in August 2022.

Tagged as: 

  • Education

Almost half of U.S. governors ask Joe Biden to cut student loan forgiveness plan

In a letter to Biden, Republican governors say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."

September 13, 2022
|
By:
  • Ayana Archie
Senator Mark Warner in 2021.

Tagged as: 

  • Education

Student loan borrowers get a rare win as Senate approves a fix

The measure would free some borrowers from debt incurred by spouses – sometimes abusive ones – and could lay a path toward loan forgiveness.

June 16, 2022
|
By:
  • Sequoia Carrillo

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