A full-scale review of workflow and leadership structure will be conducted. Secretary of Education Miguel Cardona outlined a number of steps being taken to improve the Federal Student…
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Administration Announces $7.7 Billion in Additional Student Loan Relief
Three categories of borrowers were selected for debt cancellation. The Education Department announced the latest round of student loan borrowers selected for debt relief. Three categories of borrowers…
Read MoreStudent Loan Forgiveness Announced for Art Institute Enrollees
The college closed down after paying a settlement to the Justice Department. The Department of Education announced another round of student loan forgiveness, canceling the debts of students…
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FTC Reaches Final Settlement in Student Loan Debt Relief Scam
The scheme made fraudulent promises of loan forgiveness, for which the agency imposed an industry ban and asset forfeiture. The Federal Trade Commission (FTC) has reached a settlement…
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Education Department Drafts Next Wave of Student Debt Relief
The agency proposes canceling debt accrued by high interest rates and long payment plans. The Department of Education released a draft this week of the next wave of…
Read MorePresident Announces $7.4 Billion in Student Debt Cancellation
The student loan forgiveness applies to those enrolled in SAVE and other Income-Driven Repayment plans, and Public Service Loan Forgiveness. President Joe Biden’s administration announced another wave of…
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Court Allows CFPB Suits Against Student Loan Investment
Appellate court rules that investment trusts must follow consumer protection laws. The Third Circuit U.S. Court of Appeals ruled that investment trusts that purchase and hold private student…
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Administration Notifies Public Service Workers of Student Debt Relief
77,700 borrowers approved for a total of $5.8 billion in forgiven loans The Department of Education announced this month that an additional $5.8 billion in federal student loans…
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Education Department Announces Progress on FAFSA Improvements
Secretary says technical updates will not impact implementation timelines. The U.S. Department of Education provided updates on the progress of the 2024–25 Better FAFSA implementation, emphasizing a commitment…
Read MoreEducation Secretary Details Save Plan Student Loan Forgiveness
State-by-state breakdown published by the department. President Biden’s administration released state-specific details on the forgiveness of $1.2 billion in student loans for nearly 153,000 borrowers through the SAVE…
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