NEWYou can now listen to Fox News articles! The Biden administration says it will cancel federal student loans for some 560,000 borrowers who attended the for-profit Corinthian Colleges chain. Under the new action, hundreds of thousands of students who attended the now-defunct chain will receive $5.8 billion in full loan […]
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Student-loan borrower advocates sued the Education Department over stalled relief claims. Former students of Westwood College in Illinois have been waiting over six years for debt relief. Westwood was accused of misrepresenting employment prospects, leaving students worse off. Loading Something is loading. After a for-profit college accused of predatory behavior […]
Washington CNN — President Joe Biden is taking a “hard look” at canceling some federal student loan debt, but even a broad forgiveness plan may leave out some of the 43 million borrowers. Biden has indicated that if he does take action to provide more student loan debt forgiveness, he […]
President Joe Biden announced Wednesday another extension of the payment pause on federal student loans, this time until September. This is the sixth prolongment of the break, which has spanned more than 24 months and two presidencies. Borrowers have saved nearly $200 billion during that period, the Federal Reserve has […]
