Student Loan Discharge Emails Sent To 30,000 Borrowers As Settlement Relief Proceeds
Thousands of borrowers received emails this week notifying them that their student loans will be discharged under the Sweet v. McMahon settlement agreement.
Thousands of borrowers received emails this week notifying them that their student loans will be discharged under the Sweet v. McMahon settlement agreement.
The Education Department sent out a new wave of notices to student loan borrowers last week, warning them that they need to change repayment plans.
The amended lawsuit argues that borrowers with student loans in the SAVE plan shouldn’t be forced to move into other repayment plans, a process set to begin next week.
As July 1 approaches, and the Trump administration’s changes to student loans are about to take effect, the window of time for borrowers to act is closing.
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The Education Department sent out mass student loan discharge notices to borrowers this week, notifying them that their federal student loans will be cancelled.
Under new Education Department rules, some borrowers may need to act quickly if they want to preserve access to a key repayment plan for federal student loans.
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More than 21,000 borrowers just got their federal student loans forgiven through income-driven repayment plans. But trouble looms on the horizon, and changes are coming.
Buried in new regulations is a significant change that may limit borrowers' ability to receive credit toward student loan forgiveness when changing their repayment plan.
The Education released major updates on a troubled student loan forgiveness “buyback” program this week. But key questions remain unanswered.
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The Treasury Department confirmed to Sen. Elizabeth Warren that it has started the process of taking over defaulted student-loan borrowers' accounts.
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Undersecretary of Education Nicholas Kent said moving student-loan accounts to the Treasury and eliminating the SAVE plan will best serve borrowers.
Thousands of borrowers should receive notices that their student loans are getting discharged. But if the Education Department gets its way, they may have to wait longer.
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New rules governing a popular student loan forgiveness program are just weeks away from being implemented, and they could block some borrowers from receiving relief.
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July 1 is the implementation date for sweeping reforms to repayment plans, student loan forgiveness and disbursement limits. Many federal student loans will be affected.
The Education Department said that student-loan borrowers enrolled in SAVE aren't required to leave the plan until September 29 at the earliest.
The Education Department announced a 1% student-loan interest-rate deduction for borrowers who enroll in autopay beginning July 1.
Democratic lawmakers called on the Education Department to enact student-debt relief for millions of borrowers while defaults are at a record high.
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The Trump administration is preparing to launch a brand new repayment plan for student loans. But questions remain about the true benefits of the upcoming new program.
The Education Department released new details on the timeframe for borrowers to move their student loans out of the SAVE plan and into other repayment programs.
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Student loan borrowers suffered a defeat this week after a federal court dismissed an appeal challenging stricter standards on discharging student loans.
After eliminating the SAVE plan, the Department of Education is making it costlier to get relief through Public Service Loan Forgiveness buybacks.
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While the new student loan repayment plan will have important benefits, it is important that borrowers understand that those features may come with significant tradeoffs.
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The Education Department is launching two new tiered repayment plans for federal student loans this July. But they will be very different from other plans.
Sen. Elizabeth Warren wants to know if Trump's plan to transfer the federal student-loan portfolio to the Treasury is in borrowers' best interest.
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The Education Department is taking emergency steps to revise the application for Public Service Loan Forgiveness, or PSLF, a popular student loan forgiveness program.
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The Education Department is planning to streamline the process for defaulted student-loan borrowers to get help with repayment.
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The Education Department updated key online guidance for federal student loan borrowers in advance of historic changes that are set to take effect on July 1.
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Trump's sweeping student-loan repayment changes will begin in July. Some borrowers might not be affected by the new borrowing limits right away.
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Trump's Department of Education announced the final rule for its student-loan repayment overhaul that will roll out in July.
A federal court is set to consider arguments on a new rule that would give the Education Department the power to cut off certain groups from student loan forgiveness.
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