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Collin BinkleySalon |
The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation.
The paperwork for the regulation still has to go through a 30-day public comment period and another review before it can be finalized.
“I will never stop working to cancel student debt," President Joe Biden said in a statement, "no matter how many times Republican elected officials...
The Education Department says the problem won't affect 1.3 million applications processed correctly, but others have to be redone.
Borrowers will be eligible for cancellation if they are enrolled in the new SAVE plan, if they originally borrowed $12,000 or less to attend college,...
The Education Department said it will withhold payments from Aidvantage, EdFinancial, and Nelnet for failing to send timely statements to borrowers.
“The whole world is struggling with math, and we are not immune from that,” said Peggy Carr, head of the U.S. National Center for Education...
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