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The Federal Trade Commission has announced it’s sending 27,584 checks to consumers victimized by student loan forgiveness scams—about $4.1 million in total.. The victims sent money to alleged ...
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The agency has also stressed that there is no fee to apply for student debt forgiveness. Since the student loan announcement in August and Biden's October push to clamp down on fraud, the Federal ...
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [1]
More than 46 million Americans share $1.75 trillion in U.S. student loan debt, according to the Federal Trade Commission. For many of us, the idea of cutting down our massive student loan debt at ...
Biden v. Nebraska, 600 U.S. 477 (2023), was a United States Supreme Court case related to the forgiveness of federal student loans by the Biden administration in 2022, challenged by multiple states. The Supreme Court's ruling was issued on June 30, 2023, ruling 6–3 that the Secretary of Education did not have the power to waive student loans ...
As of 2021, approximately 7.8 million Americans from 18 to 25 carry student loan debt, with an average balance of almost $15,000. [64] For adults between the ages of 35 and 49, the average individual balance owed exceeded $42,000. The average debt for adults between 50 and 61 is slightly lower.
According to Forbes and anti-spam/scam platform RoboKiller, Americans lost $5 billion to student loan fraud in 2022. Borrowers received 700 million student-loan-related robocalls every month last ...
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