The Biden Student Loan Debt Relief Plan On August 24th, 2022, the Biden administration announced their plan to provide relief from student loan debt for eligible students. The proposal focuses on three specific challenges faced by holders of student loans. Targeted Debt Relief First, targeted debt relief will provide up to $20,000 in debt cancellation.…
The Department of Education has paused all student loan collections, payments, and interest until May 1, 2022. Learn how this affects you.
Navient Cancels $1.7 Billion in Student Loan Debt On January 13th, a multi-state lawsuit filed against Navient, a servicer of federal student loans, will soon cancel student loan debt totaling $1.7 billon. This amount covers the private loan debt held by around 66,000 students. Deceptive Practice Allegations Navient Corporation agreed to the settlement in allegations…
On August 19, 2021, the Department of Education announced that they will eliminate student loan debt for “over 323,000 borrowers who have a Total & Permanent Disability (TPD).” Eliminating Loan Debt for TPD Students Through a new regulation announced in mid-August, the total amount of student loan debt to be discharged is estimated at $5.8…
