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A year after these new guidelines were put in place, the Department of Justice and Department of Education announced more borrowers are applying for and receiving debt relief from student loan ...
President Biden today wiped away an additional $9 billion in student debt. Since he took office, his administration has discharged $127 billion in student loan debt for more than 3.5 million ...
Loaded 0%. The Education Secretary on Thursday announced a settlement of claims that would give roughly 264,000 student loan borrowers approximately $7.5 billion in debt relief. The settlement ...
In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...
In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]
Courtesy Cornell College. More student loan borrowers have successfully received debt relief through bankruptcy after the Biden administration implemented a new policy to make the process easier ...
Private student loan borrowers who filed for bankruptcy are finally getting some relief from student loan provider, Navient Corp. (), to the tune of $198 million.Navient settled a lawsuit with ...
"Before 1976, student loans were treated like other types of unsecured debt bankruptcy. If you were facing financial ruin, you could get relief," Durbin explained.