Mar 08 Trump orders denial of student loan relief for nonprofit workers engaged in ‘improper’ activity By Collin Binkley, Associated Press Under current rules, nonprofits are eligible for the Public Service Loan Forgiveness program if they focus on certain areas including public interest law, public health or education. Trump’s order appears to target those who work in certain fields at odds… Continue reading
Mar 06 What does the Education Department do? A guide to the agency Trump wants to gut By Annie Ma, Collin Binkley, Associated Press President Donald Trump has said he wants his new education chief, Linda McMahon, to “put herself out of a job” and close the Education Department. Already, the Trump administration has started overhauling much of the department’s work. Continue reading
Jan 13 Despite collapse of his forgiveness plan, millions had student loans canceled under Biden By Collin Binkley, Associated Press Despite failing to deliver his promise for broad student loan forgiveness, President Joe Biden has now overseen the cancellation of student loans for more than 5 million Americans. Continue reading
Nov 15 What the Biden administration plans to accomplish before Trump takes over the White House By Collin Binkley, Fatima Hussein, Matthew Daly, Associated Press Trump's administration can propose new regulations to undo some of what the Biden administration did through the rule-making process. Continue reading
Nov 08 Borrowers grapple with what Trump’s win means for their student loan debt By Cheyanne Mumphrey, Associated Press The economy was an important issue in the election, helping to propel Donald Trump to victory. But for borrowers, concerns about their finances extend beyond inflation to include their student debt. Continue reading
Oct 04 After a day of legal whiplash, Biden’s student loan cancellation plan is put back on hold By Collin Binkley, Associated Press A federal judge in Missouri put a temporary hold on President Joe Biden's latest student loan cancellation plan on Thursday, slamming the door on hope it would move forward after another judge allowed a pause to expire. Continue reading
Oct 01 What you need to know about the grace period for student loan payments that just ended By Adriana Morga, Associated Press The 12-month grace period for student loan borrowers ended on Sept. 30. Continue reading
Aug 28 Supreme Court rejects Biden administration request to restore newest student debt plan By Associated Press The Supreme Court on Wednesday kept on hold the latest multibillion-dollar plan from the Biden administration that would have lowered payments for millions of borrowers, while lawsuits make their way through lower courts. Continue reading
Jun 25 Watch 6:24 Federal judges block Biden’s latest attempt to reduce student debt By William Brangham, Courtney Norris Decisions by two federal judges put key parts of President Biden’s plans for easing student loan payments on hold and in doubt. The program offers a way to lower monthly payments and get some debt forgiveness. More than 8 million… Continue watching
May 22 Biden administration canceling student loans for 160,000 borrowers, says it will erase $7.7 billion in debt By Collin Binkley, Associated Press With the latest action, the administration said it has canceled $167 billion for nearly 5 million Americans through several forgiveness programs. Continue reading