President’s Administration Forgives Additional $1.2 Billion in Student Loans

Cancels federal student loans for another 153,000 borrowers. The White House canceled an additional $1.2 billion in student loan debt this week, the cumulative debt of nearly 153,000…

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Education Department Reaches Settlement over Student Aid Violations

College consistently breached testing regulations to enhance enrollment and gain student loan funds. The U.S. Department of Education has reached a settlement with the for-profit school International Education…

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Student Loan Debt Relief Offered to Borrowers in SAVE Program

Education Department provides debt forgiveness to those who borrowed $12k or less at least 10 years ago. The Department of Education announced that it will be providing loan…

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Administration Cancels Another $5 Billion in Student Loan Debt 

74,000 borrowers who have worked at least ten years in public service receive federal student loan forgiveness. President Biden announced that another $5 billion in student loan debt…

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Report Shows 40% of Student Loan Borrowers Not Making Payments

Education Department states that 9 million federal student loan borrowers missed their October payment.  Federal student loan payments, that were suspended during the COVID-19 pandemic, resumed as of…

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Administration Approves $4.8 Billion in Student Debt Cancellation

While a bill to repeal the president’s SAVE plan passes in the House of Representatives.  President Biden’s administration approved the cancellation of $4.8 billion in federal student loan…

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Education Department Fines Grand Canyon University

Office of Federal Student Aid finds the university deceived students regarding the cost of doctoral programs. The Department of Education has fined Grand Canyon University (GCU) $37.7 million…

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Education Department Releases Accountability Rules for Colleges

Administration works to protect prospective students from college debt. The U.S. Department of Education recently announced final regulations to enhance oversight and accountability for colleges and universities to…

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Education Department Penalizes Missouri Loan Service

The servicer gave inadequate notice for payment reinstatement and put borrowers into delinquency. The Department of Education has announced steps it will take to hold student loan servicer…

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Federal Student Loan Payments Resume

Student borrowers experienced a three-year hiatus on repayment. The official return of payments on federal student loans began October 1, after borrowers had experienced three years without payment…

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