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- The Education and Justice Department released new data on the bankruptcy process for student-loan borrowers. It found that 588 new cases were filed from October 2023 to March, a 36% increase from the prior 6-month period. The new guidance, announced in 2022, streamlined the process to help borrowers qualify for relief.
www.msn.com › en-ph › moneyMore student-loan borrowers are getting debt cancellation ...
Federal borrowers have just weeks remaining to apply for a loan consolidation that could give them student debt relief. The Department of Education plans to complete all account adjustments for...
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The Biden administration's new process to help student-loan borrowers get rid of their debt in court is working. On Wednesday, the Justice Department released an update on bankruptcy for...
Apr 12, 2024 · The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness. The Education Department announced the latest round of cancellations on Friday.
- cbinkley@ap.org
- Collin is a National Education Reporter
Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $167 billion for 4.75 million Americans. Thanks to this Administration’s efforts more than one out of every 10 federal student loan borrowers has now been approved for some debt relief.
Jun 30, 2023 · President Joe Biden's student plan to forgive federal student loans has been voted down by the Supreme Court. The court says the government does not have the ability to strike down $430...
Feb 21, 2024 · Today, President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving on a Valuable Education (SAVE)...
Jul 14, 2023 · The Department of Education (Department) today will begin notifying more than 804,000 borrowers that they have a total of $39 billion in Federal student loans that will be automatically discharged in the coming weeks.
