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On January 6, 2020, creditors were successfully able to push Education Corporation of America into Chapter 11 bankruptcy. [6] In 2022, the ECA schools of Brightwood College, Brightwood Career Institute, and Virginia College were part of 153 institutions included in student loan cancellation due to alleged fraud.
The Saving On A Valuable Education Plan bases monthly loan payments on income, meaning it lowers payments for most borrowers while providing a path toward loan forgiveness. Don't miss
Since the start of the COVID-19 pandemic, student loan borrowers have faced a series of ever-changing rules, false starts on loan forgiveness and confusion. Payments were paused during the ...
The Education Department canceled $1 billion of student debt but just for pending claims. Thousands of other defrauded students could be out there. 5 of the biggest for-profit colleges that were ...
Due to a legal challenge by a group of Republican-led states, the 8th Circuit ordered the Department of Education to stop implementing the SAVE plan in August, blocking student loan forgiveness ...
Who qualifies for $20,000 in student loan debt forgiveness? Borrowers who received Pell Grants and make less than $125,000 as individuals or less than $250,000 as married couples are eligible to ...