Higher education

Student loan servicer Navient will cancel $1.7 billion student loans

Student loan servicer Navient will cancel $1.7 billion student loans

On Thursday, Pennsylvania Attorney General Josh Shapiro introduced that Navient, the nation’s largest student loan servicer, pays $1.85 billion to resolve allegations of “widespread unfair, deceptive, and abusive student loan servicing practices and abuses in originating predatory student loans.” The settlement, coordinated by a coalition of 39 attorneys normal, resolves claims courting again to 2009 …

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Student loan processor Navient to cancel $1.7 billion in student loans

Student loan processor Navient to cancel $1.7 billion in student loans

Navient, one of many largest student loan servicers, will cancel $1.7 billion in non-public student loans after a deal it reached with 39 states. The settlement, introduced on Thursday, resulted from accusations the lender gave out loans to hundreds of thousands of debtors who’d be unlikely to have the ability to repay them. It resolves …

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Biden administration extends payment pause for student loan borrowers until May 1

Biden administration extends fee pause for student loan debtors till May 1

Amid issues concerning the new omicron variant of the Covid-19 virus, the Biden administration will lengthen the fee pause for federal student loan debtors till May 1. “We know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” President Joe Biden …

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Biden Student Loan Cancellation Policy is Unforgivable

Biden Student Loan Cancellation Policy is Unforgivable

Just in time for the back-to-school season, the Biden administration introduced a brand new student loan cancellation coverage that’s ill-conceived and purposefully designed to avoid the growing majority opposition to full student loan forgiveness. Biden’s schooling bailout comes at a time when a rising section of the general public is questioning the worth of upper schooling, and it’s no …

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Debt cancellation and free college aim to fix student loan crisis

Debt cancellation and free faculty purpose to repair student loan disaster

Most Americans see faculty as excessively costly, nevertheless it wasn’t all the time that method. Over the final decade, the price of attending a four-year public faculty or college has grown considerably sooner than revenue. Deep cuts in state funding for increased schooling contributed to substantial tuition will increase and pushed extra of the prices of faculty …

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Defaults, distrust and risks to the economy: The student debt crisis

Defaults, mistrust and dangers to the financial system: The student debt disaster

Student debt protest David McNew | Getty Images In some ways, Daniel Strong is glad along with his life. He owns a three-bedroom ranch-style home in Charlottesville, Virginia, the place he lives along with his spouse and 3-year-old son, Benjamin. He just lately made the final fee on his silver, Toyota Tacoma. He likes his …

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