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The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
Friday's action brings the total public service student loans forgiven to about $78 billion for nearly 1.1 million workers, the department said. The White House said separately that this brings ...
As student loan repayments begin, the Biden administration announced it canceled billions in student loan debt for 125,000 borrowers. Learn more about who this affects. Biden approved $9 billion ...
Thursday’s announcement impacts about 60,000 borrowers who are now approved for approximately $4.5 billion in student debt relief under PSLF. Harris vows to fight for more student loan relief ...
In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [40] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...
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]