Politics

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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Moderize Taxes, Student Loans, More

Moderize Taxes, Student Loans, More

Photo: Anna Moneymaker (Getty Images) President Joe Biden has signed an executive order that will kickoff modernization efforts at over a dozen different federal agencies, with the end goal being the creation of a more seamless “customer” experience for the average American. The idea behind modernization is pretty simple. Generally speaking, we all know that …

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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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Biden Administration to Cut Ties With Debt Collectors for Student Loans

The U.S. Department of Education stated it’s ending its relationship with non-public assortment companies that had been tasked with recovering funds from federal student loan debtors in default to enhance collections and supply debtors with extra assist. Richard Cordray, chief working officer of the division’s workplace of Federal Student Aid, stated Thursday that accumulating on …

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Democrats' $2 trillion spending bill excludes student loan forgiveness

Democrats’ $2 trillion spending invoice excludes student loan forgiveness

Olga Kaya | iStock | Getty Images One element concerning the Democrats roughly $2 trillion social spending invoice that hasn’t garnered a lot consideration is the truth that student loan forgiveness has been excluded. Still, the absence of any schooling debt aid from the sweeping laws aimed toward lifting up American households has brought about …

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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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Borrowers are getting another shot at public service loan forgiveness

Borrowers are getting one other shot at public service loan forgiveness

RJ Sangosti/MediaNews Group/The Denver Post by way of Getty Images | Denver Post | Getty Images People pursuing public service loan forgiveness know the way tough this system may be to efficiently navigate. Less than 5% of those that’ve utilized for the reduction have been authorised. The U.S. Department of Education introduced that it might …

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