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Biden Unveils New Online Portal for Student Loan Forgiveness
President Joe Biden introduced the new digital hub for student loan forgiveness, where eligible Americans can apply to have part or all of their federal student loan debt cleared. Visit studentaid.gov for more information or to see if you qualify.
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Here's the First Preview of the Student Loan Debt Relief Application Form
The Department of Education has released a preview of the application form borrowers will need to fill out to apply for federal student loan debt relief.
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Conservative Business Group Sues Biden Administration Over Student Loan Foregiveness Plan
A small business advocacy group has filed a new lawsuit seeking to block the Biden administration’s efforts to forgive student loan debt for tens of millions of Americans. The suit, filed Monday by the Job Creators Network Foundation, argues the Biden administration violated federal procedures by failing to seek public input on the program. It also argues the program is...
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Some Borrowers Can Get a Refund on Pandemic Student Loan Payments — and More Forgiveness, Too. Here's How
If you made payments on your federal student loans during the extended payment pause, you can request a refund. For some, doing so may boost forgiveness.
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What's a Pell Grant? How to Know If You Qualify for $20,000 in Student Loan Relief
People who went to college on Pell grants will be able to have up to $20,000 in federal student loan debt forgiven. Here’s everything to know about Pell grants and how to check if you received one.
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Here's How Much Federal Student Loan Debt Massachusetts Residents Owe
President Joe Biden announced plans to cancel up to $20,000 in federal student loan debt. See the average amount of student debt Massachusetts residents owe.
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White House Announces Student Loan Debt Relief Plan
President Joe Biden announced in a tweet Wednesday that his administration and the Department of Education would be providing up to $20,000 in student loan forgiveness, as well as extending the payment moratorium through the end of the year.
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President Biden Expected to Cancel Some Student Loan Debt
More than 43 million owe a combined $1.6 trillion in federal student debt, with almost a third owing less than $10,000, according to federal data.
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Biden Cancels $10K in Federal Student Loan Debt and $20K for Pell Grant Recipients
Biden is also set to extend a pause on federal student loan payments for what the White House calls the “final time” through Dec. 31, 2022, and propose capping the amount that borrowers pay monthly on undergraduate loans at 5% of their earnings
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Loans to Be Forgiven for Hundreds of Connecticut Students
Hundreds of former students in Connecticut are getting their educational loans forgiven after the U.S. Dept. of Education announced the cancellation of nearly $3.9 billion in debt. Federal officials announced Tuesday that all remaining federal student loans for borrowers that attended the ITT Technical Institute from Jan. 2005 through its closure in Sept. 2016. The decision will result in 208,000…
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Biden Administration Cancels Federal Student Loan Debt for Former ITT Tech Borrowers
The action will cancel $3.9 billion in federal student debt for 208,000 borrowers, the Education Department said
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Renewed Calls for Student Loan Forgiveness as End of Moratorium Looms
A pause on federal student loan payments is set to end on Aug. 31, with President Joe Biden expected to decide whether to extend the moratorium again or answer calls to cancel student debt. “There’s a lot of questions being asked. There has not been an official plan announced by the Biden administration at this point,” said Kristina Carvalho, policy…
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Education Department Forgives Loans of More Than 110,000 People in Public Service
The Education Department has canceled around $6.8 billion in student debt for more than 110,000 borrowers through the public service loan forgiveness waiver.
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Dem Lawmaker: Biden in Meeting Suggests He'll Ease Student Loan Burden
The White House was notably more measured about Biden’s stance, but such moves would be a boon to many of the 43 million Americans carrying student loans.
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Millions of Student Loan Borrowers Are Closer to Being Debt-Free. What to Know About the Changes
Here’s what borrowers need to know about the U.S. Department of Education’s plans to overhaul the student loan system.
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Thousands May Have Student Debt That Should Be Erased, Feds Say
A new federal report finds that record-keeping failures by the Education Department may have left thousands of Americans stuck with student debt that should have been forgiven.
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Student Loan Pause to Be Extended, Providing Relief to Graduates
The Biden administration is expected to extend its pause on federal student loan payments through the end of August, according to sources familiar with White House’s decision-making. This will be the sixth time the government extends this break. “It’s going good so far, [but] financially not so great,” admitted Alyssa Rodriguez. Rodriguez is a biology major finishing her second...
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Biden Extends Pause on Student Loan Repayment
The White House announced Wednesday that payments on federal student loans will remain paused through May 1, 2022.
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‘My Best Christmas Present!' Public Workers' Student Loans Forgiven After Rejection
Thousands of public service workers around the country are receiving welcome news for the holidays: the federal government is forgiving their student loan debt. The development comes after they were initially rejected for a program intended to reward their chosen career path. However, after the Biden administration announced a limited waiver period in October, many of those workers are now…