Canceling Student Debt Is Easier Than It Sounds
5 years ago

Canceling Student Debt Is Easier Than It Sounds

NPR  

Canceling Student Debt Is Easier Than It Sounds Enlarge this image toggle caption Patrick Semansky/AP Patrick Semansky/AP Sen. Elizabeth Warren, D-Mass., has pledged to cancel up to $50,000 of debt for 95% of student loan borrowers if she is elected president. "Maybe it's because they've been working in a public service position or because they become disabled or because they're saying that their school fundamentally cheated them," says Eileen Connor, legal director of the Project on Predatory Student Lending at the Legal Services Center of Harvard Law School. Included in the legislation is one tightly packed sentence that says the government's appointed student loan commissioner "shall have the power to agree to modifications of agreements or loans made under this title and to compromise, waive, or release any right, title, claim, or demand, however arising or acquired under this title." Still, Herrine says, a new administration could almost certainly find a legal workaround, and Warren pledged in her announcement "that loan cancellation will not result in any additional tax liability for borrowers."

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History of this topic

Biden’s parting gift: Student loan debt relief
2 days, 16 hours ago

Biden’s parting gift: Student loan debt relief

Politico  

Education Department officials said that “many” borrowers had already been notified that they received relief, and some will be notified in the coming days. Key context: More than 5 million borrowers have had about $183.6 billion in student loans forgiven since Biden took office, according to Education Department officials. During Trump’s first administration, then-Education Secretary Betsy DeVos denied nearly 130,000 …

Biden cancels $4.28 bn more in student debt before leaving office
3 weeks, 5 days ago

Biden cancels $4.28 bn more in student debt before leaving office

Raw Story  

U.S. President Joe Biden said Friday he was canceling student loans for an additional 55,000 Americans, which would amount to wiping out $4.28 billion in debt in his final month in office. US Secretary of Education Miguel Cardona said in a statement that Friday's approval brings the total amount secured during Biden's four years in office to "nearly $180 billion …

$180 billion and counting: Joe Biden announces fresh cancellation of US student loans during final month in office
3 weeks, 5 days ago

$180 billion and counting: Joe Biden announces fresh cancellation of US student loans during final month in office

Live Mint  

US President Joe Biden said Friday he was canceling student loans for an additional 55,000 Americans, which would amount to wiping out $4.28 billion in debt in his final month in office. The mass cancellation of debt is for "teachers, nurses, service members, law enforcement officials, and other public service workers who have dedicated their lives to giving back to …

Biden cancels nearly $4.3 billion more in student loans, ‘I promised to…’
3 weeks, 5 days ago

Biden cancels nearly $4.3 billion more in student loans, ‘I promised to…’

Hindustan Times  

Joe Biden has cancelled nearly $4.3 billion more in student loans as a final act of forgiveness before leaving office. President Joe Biden has cancelled nearly $4.3 billion in student loans Biden cancels nearly $4.3 billion in student loans for 55,000 public sector workers “From day one of my administration, I promised to make sure that higher education is a …

White House starts scrapping pending rules, including student debt cancellation
3 weeks, 5 days ago

White House starts scrapping pending rules, including student debt cancellation

Associated Press  

WASHINGTON — President Joe Biden is abandoning his efforts to provide some protections for transgender student athletes and cancel student loans for more than 38 million Americans, the first steps in an administration-wide plan to jettison pending regulations to prevent President-elect Donald Trump from retooling them to achieve his own aims. “This isn’t the way I wanted it to end,” …

Biden scraps plans to cancel widespread student loan debt
3 weeks, 5 days ago

Biden scraps plans to cancel widespread student loan debt

Salon  

The Biden administration has withdrawn its proposals for large-scale student loan relief programs, closing the door on mass loan forgiveness in the remaining weeks of his term. The U.S. Department of Education is rescinding two of its major student loan proposals, which would have considered some amount of loan forgiveness for at least 38 million Americans, according to Politico. In …

Biden cancels another $4.2bn in US student loans before leaving office
3 weeks, 5 days ago

Biden cancels another $4.2bn in US student loans before leaving office

Al Jazeera  

Move brings total in student loan forgiveness during Joe Biden’s term as president to $180bn, Education Department says. US President Joe Biden’s administration is cancelling student loans for another 55,000 people in the United States, amounting to $4.2bn in debt forgiveness just weeks before his time in office ends. Under Biden, the Education Department loosened the rules for public service …

Many student loans bills could double under Trump: report
1 month, 1 week ago

Many student loans bills could double under Trump: report

Raw Story  

Many student loan borrowers could see their bills double under Donald Trump's second term if his administration chooses not to defend the SAVE plan in court, or if Republicans in Congress eliminate the plan, according to a report. President Joe Biden's student loan repayment plan capped the monthly payment requirements at 5% of the borrower's income, which is half of …

Higher payments loom for many student loan borrowers under Trump
2 months ago

Higher payments loom for many student loan borrowers under Trump

LA Times  

USC students attend graduation from Viterbi School of Engineering at the Galen Center in Los Angeles on May 10, 2024. Here is a rundown of where the major Biden student debt relief initiatives stand: Current debt relief programs In July 2023, the Education Department launched the first elements of its Saving on a Valuable Education repayment plan to cut payments …

Trump win clouds Biden's student debt cancellation efforts
2 months, 1 week ago

Trump win clouds Biden's student debt cancellation efforts

India Today  

President-elect Donald Trump’s victory has cast doubt on the future of student loan forgiveness in the US, raising concerns for borrowers who had hoped for relief under President Joe Biden’s policies. Both hoped for relief from Biden’s proposed loan forgiveness, but now, with Trump and Republican-led states opposing the programme, the future of these efforts remains uncertain. REPUBLICAN CRITICISM AND …

Supreme Court keeps on hold Biden’s scaled-down plan to reduce student loan debt
4 months, 2 weeks ago

Supreme Court keeps on hold Biden’s scaled-down plan to reduce student loan debt

LA Times  

The Supreme Court denied an emergency appeal from the Biden administration, saying it would wait for a further ruling from a U.S. appeals court in St. Louis. The Supreme Court on Wednesday kept on hold a plan by President Biden to reduce student loan monthly payments for millions of borrowers and cancel loans after they have been paid on for …

Biden administration cancels another $1.2 billion in student loans for public service workers
5 months, 3 weeks ago

Biden administration cancels another $1.2 billion in student loans for public service workers

Associated Press  

The Biden administration is cancelling an additional $1.2 billion in student loans for borrowers who work in public service through changes to an existing forgiveness program. The relief for roughly 35,000 borrowers was announced Thursday by the Education Department and made through changes to the Public Service Loan Forgiveness program, which benefits workers such as teachers, nurses and firefighters. “These …

Biden administration cancelling student loans for another 160,000 borrowers
7 months, 3 weeks ago

Biden administration cancelling student loans for another 160,000 borrowers

Hindustan Times  

The Biden administration is cancelling student loans for another 160,000 borrowers through a combination of existing programs. A separate action by the Biden administration aimed to correct previous mistakes that delayed cancellation for some borrowers enrolled in other repayment plans and through Public Service Loan Forgiveness, which forgives loans for people who make 10 years of payments while working in …

Biden administration canceling student loans for another 160,000 borrowers
7 months, 3 weeks ago

Biden administration canceling student loans for another 160,000 borrowers

Associated Press  

WASHINGTON — The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. A separate action by the Biden administration aimed to correct previous mistakes that delayed cancellation for some borrowers enrolled in other repayment plans and through Public Service Loan Forgiveness, which forgives loans for people who make 10 years of payments while …

Biden administration canceling student loans for another 160,000 borrowers
7 months, 3 weeks ago

Biden administration canceling student loans for another 160,000 borrowers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration is canceling …

$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
8 months, 1 week ago

$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes

LA Times  

People walk past the Art Institute of Philadelphia in 2015. The Biden administration on Wednesday said it will cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed in 2023 amid accusations of fraud. On Wednesday, the Biden administration announced that it was canceling $6.1 billion in student loan debt …

Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
8 months, 2 weeks ago

Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration on Wednesday …

Biden’s latest plan for student loan cancellation moves forward as a proposed regulation
8 months, 4 weeks ago

Biden’s latest plan for student loan cancellation moves forward as a proposed regulation

Associated Press  

WASHINGTON — President Joe Biden’s latest plan for student loan cancellation is moving forward as a proposed regulation, offering him a fresh chance to deliver on a campaign promise and energize young voters ahead of the November election. The Education Department said it’s still working on the details of that rule, with a separate proposal to come “in the coming …

The real reason Republicans oppose efforts to cancel student debt
9 months ago

The real reason Republicans oppose efforts to cancel student debt

Raw Story  

I don’t get it and I’m hoping you can help me figure it out. The week before, somebody slipped this little gem into Maria Cantwell’s must-pass legislation reauthorizing the Federal Aviation Administration : “The Secretary, the Secretary of the Treasury, or the Attorney General may not take any action to cancel or forgive the outstanding balances, or portion of balances, …

Biden cancels ANOTHER $7.4 BILLION in student loan debt: President has now erased $153 billion for 4.3 million Americans in scheme ripped by critics as a bid to 'buy votes'
9 months ago

Biden cancels ANOTHER $7.4 BILLION in student loan debt: President has now erased $153 billion for 4.3 million Americans in scheme ripped by critics as a bid to 'buy votes'

Daily Mail  

Latest effort brings number of borrowers to have debt wiped to 4.3 million Debt is being wiped out for borrowers enrolled in the SAVE plan, Income-Driven Repayment plan and Public Service Loan Forgiveness plan The White House has announced it is wiping out another $7.4 billion in student loan debt for 277,000 borrowers, bringing the total canceled by the Biden …

The 18 states suing the Biden administration over student loan debt
9 months ago

The 18 states suing the Biden administration over student loan debt

Daily Mail  

Eighteen Republican led states are attempting to block President Biden's student loan forgiveness effort to cancel billions in student loan debt. The lawsuit comes after eleven other states led by Kansas recently filed another lawsuit against the Biden administration over the program that began forgiving student loan debt earlier this year. While states are challenging the SAVE program, the Biden …

REVEALED: The 18 states suing the Biden administration over bid to cancel BILLIONS in student debt... as president pushes latest bid despite legal concerns
9 months ago

REVEALED: The 18 states suing the Biden administration over bid to cancel BILLIONS in student debt... as president pushes latest bid despite legal concerns

Daily Mail  

Eighteen Republican led states are attempting to block President Biden's student loan forgiveness effort to cancel billions in student loan debt. The lawsuit comes after eleven other states led by Kansas recently filed another lawsuit against the Biden administration over the program that began forgiving student loan debt earlier this year. President Biden at an event to address student loan …

What to know about Biden’s latest attempt at student loan cancellation
9 months ago

What to know about Biden’s latest attempt at student loan cancellation

Associated Press  

WASHINGTON — President Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he has so far failed to fulfill. Biden’s first attempt at widespread student loan cancellation would have erased $10,000 for borrowers with yearly incomes of up to $125,000, plus an additional $10,000 if they received federal Pell grants …

Biden's massive bid to wipe student loan debt for 30 MILLION Americans: President plans to cancel unpaid interest for 23 million borrowers and erase all costs for four million who have been paying for
9 months, 1 week ago

Biden's massive bid to wipe student loan debt for 30 MILLION Americans: President plans to cancel unpaid interest for 23 million borrowers and erase all costs for four million who have been paying for

Daily Mail  

Goal is for the administration to start canceling debt under the plans this fall Plan includes debt cancelation for undergraduates who entered repayment 20 or more years ago and graduate students who entered repayment 25 years ago Borrowers could see up to $20,000 in unpaid student loan interest erased The Biden administration unveiled its latest effort to cancel millions in …

Biden proposes new student-debt relief. Here’s who would benefit
9 months, 1 week ago

Biden proposes new student-debt relief. Here’s who would benefit

LA Times  

The Biden administration is proposing a rule to reduce or erase the debts of millions of student-loan borrowers. After months of hearings and negotiations, the Biden administration announced its latest plans Monday for student debt relief, proposing changes that would save about 30 million borrowers billions of dollars in total. Debt cancellation for students at schools or programs that were …

President Joe Biden will unveil his new plan to give student loan relief to many new borrowers
9 months, 1 week ago

President Joe Biden will unveil his new plan to give student loan relief to many new borrowers

Associated Press  

WASHINGTON — President Joe Biden will announce his latest effort to broaden student loan relief next week for new categories of borrowers, according to three people familiar with the plans, nearly a year after the Supreme Court foiled his administration’s first attempt to cancel debt for millions who attended college. Biden called that decision a “mistake” and “wrong.” And the …

78,000 more public workers are getting student loans canceled through Biden administration changes
9 months, 3 weeks ago

78,000 more public workers are getting student loans canceled through Biden administration changes

Associated Press  

WASHINGTON — Another 78,000 Americans are getting their federal student loans canceled through a program that helps teachers, nurses, firefighters and other public servants, the Biden administration announced Thursday. The Education Department is canceling the borrowers’ loans because they reached 10 years of payments while working in public service, making them eligible for relief under the Public Service Loan Forgiveness …

Biden’s Plan B on Student Loan Forgiveness Is a Massive and Improbable Success
55 years ago

Biden’s Plan B on Student Loan Forgiveness Is a Massive and Improbable Success

Slate  

The Supreme Court’s rejection of President Joe Biden’s student debt cancellation plan last year was a major blow to his agenda. The administration has also prioritized relief for lower-income borrowers, making critical improvements to the income-driven repayment program that has already canceled $45.6 billion in student loan debt for 930,500 borrowers. Biden’s Education Department has also been cracking down on …

President Biden Cancels Federal Student Loans For 153,000 Borrowers
10 months, 3 weeks ago

President Biden Cancels Federal Student Loans For 153,000 Borrowers

Huff Post  

LOADING ERROR LOADING CULVER CITY, Calif. — President Joe Biden announced Wednesday that his administration was automatically canceling federal student loans for nearly 153,000 borrowers, putting the spotlight on his debt cancellation efforts as he ramps up his reelection campaign. “Starting today, the first round of folks who are enrolled in our SAVE student loan repayment plan who have paid …

Student loans for nearly 153,000 borrowers are being canceled
10 months, 3 weeks ago

Student loans for nearly 153,000 borrowers are being canceled

Associated Press  

CULVER CITY, Calif. — President Joe Biden said Wednesday that while a college degree was still a ticket to a better life, that ticket is often too expensive, as he announced he was canceling federal student loans for nearly 153,000 borrowers. “Starting today, the first round of folks who are enrolled in our SAVE student loan repayment plan who have …

Biden, at Culver City stop, announces $1.2 billion in student debt forgiveness
10 months, 3 weeks ago

Biden, at Culver City stop, announces $1.2 billion in student debt forgiveness

LA Times  

President Biden announces the cancellation of $1.2 billion in student loan debt during a visit Wednesday to the Julian Dixon Library in Culver City. President Biden announced the cancellation Wednesday of $1.2 billion in student loan debt for more than 150,000 borrowers, saying the relief will allow them to buy homes, start families and otherwise benefit the economy. “In Biden’s …

Biden administration looks to expand student loan forgiveness to those facing ‘hardship’
10 months, 4 weeks ago

Biden administration looks to expand student loan forgiveness to those facing ‘hardship’

Associated Press  

WASHINGTON — Americans who are struggling to repay federal student loans because of financial hardship could get some of their debt canceled under President Joe Biden’s latest proposal for widespread loan forgiveness. Here’s what we know so far about who could be eligible for cancellation under the Biden plan: HARDSHIP Borrowers facing financial hardship could see relief under the newest …

Joe Biden forgives $5 billion in student loan debt ahead of presidential election
11 months, 3 weeks ago

Joe Biden forgives $5 billion in student loan debt ahead of presidential election

India Today  

US President Joe Biden on Friday announced student debt cancellation of nearly $5 billion for an additional 74,000 borrowers, including more than half who earned forgiveness after 10 years of public service as teachers, nurses and firefighters. Education Secretary Miguel Cardona said the department was moving "full speed ahead" with efforts to deliver even greater debt relief for more borrowers …

Biden Admin Will Start Canceling Student Loans For Some Borrowers In February
1 year ago

Biden Admin Will Start Canceling Student Loans For Some Borrowers In February

Huff Post  

LOADING ERROR LOADING WASHINGTON — The Biden administration will start canceling student loans for some borrowers starting in February as part of a new repayment plan that’s taking effect nearly six months ahead of schedule. Loan cancellation was originally set to begin in July under the new SAVE repayment plan, but it’s being accelerated to provide faster relief to borrowers, …

Some Americans will get their student loans canceled in February as Biden accelerates his new plan
1 year ago

Some Americans will get their student loans canceled in February as Biden accelerates his new plan

Associated Press  

WASHINGTON — The Biden administration will start canceling student loans for some borrowers in February as part of a new repayment plan that’s taking effect nearly six months ahead of schedule. Loan forgiveness was originally set to begin in July under the new SAVE repayment plan, but it’s being accelerated to provide faster relief to borrowers, President Joe Biden said …

Some Americans will get their student loans canceled in February as Biden accelerates his new plan
1 year ago

Some Americans will get their student loans canceled in February as Biden accelerates his new plan

LA Times  

President Biden speaks on student loan debt forgiveness, in the Roosevelt Room of the White House on Oct. 4, 2023, in Washington. The Biden administration will start canceling student loans for some borrowers starting in February as part of a new repayment plan. The Biden administration will start canceling student loans for some borrowers in February as part of a …

Biden’s second try at student loan cancellation moves forward with debate over the plan’s details
1 year, 3 months ago

Biden’s second try at student loan cancellation moves forward with debate over the plan’s details

Associated Press  

WASHINGTON — President Joe Biden’s second attempt at student loan cancellation moved forward Tuesday with a first round of negotiations to help guide the administration to a new plan. “Student loan debt in this country has grown so large that it siphons off the benefits of college for many students,” Kvaal said in prepared remarks. These debt burdens are shared …

Why is the Biden administration forgiving student debt?
1 year, 3 months ago

Why is the Biden administration forgiving student debt?

Al Jazeera  

US President Joe Biden has announced a new round of federal student loan forgiveness to address the “unsustainable debt” that borrowers accumulate to complete their college education. Student loan repayments restarted this month after being frozen since the COVID pandemic, and the Biden administration has adjusted earlier proposals that were rejected, to help relieve student debt. “It is unconscionable that, …

‘We’re not done yet,’ Joe Biden waves off $9 Billion student loan with a catch
1 year, 3 months ago

‘We’re not done yet,’ Joe Biden waves off $9 Billion student loan with a catch

Hindustan Times  

President Joe Biden outlined a new round of federal student loan forgiveness on Wednesday to address the “unsustainable debt” that borrowers accumulate to complete their college education. U.S President Joe Biden is announcing an additional $9 billion in student debt relief for 125,000 more Americans, bringing the total debt relief to $127 billion for nearly 3.6 million Americans, according to …

The US is forgiving more federal student loans in a bid to tackle ‘unsustainable debt’ for borrowers
1 year, 3 months ago

The US is forgiving more federal student loans in a bid to tackle ‘unsustainable debt’ for borrowers

Associated Press  

WASHINGTON — President Joe Biden outlined a new round of federal student loan forgiveness on Wednesday to address the “unsustainable debt” that borrowers accumulate to complete their college education. Biden said the decision was responsible for “snatching from the hands of millions of Americans thousands of dollars of student debt relief that was about to change their lives.” He has …

Biden announces more student debt relief as payments resume after pandemic pause
1 year, 3 months ago

Biden announces more student debt relief as payments resume after pandemic pause

LA Times  

President Biden announced another round of federal student loan forgiveness on Wednesday as borrowers brace for payments to restart after a three-year pause that began during the COVID-19 pandemic. The president has been relying on a patchwork of different programs to chip away at debt, such as public service loan forgiveness and the SAVE plan — Saving on a Valuable …

Biden is trying again on student loan forgiveness. Here’s where the process stands
1 year, 3 months ago

Biden is trying again on student loan forgiveness. Here’s where the process stands

Associated Press  

NEW YORK — President Joe Biden is making another attempt at student loan cancellation after the Supreme Court ruled earlier this year that his administration couldn’t forgive $400 billion in student loan debt using a 2003 law called the HEROES Act. “The HEA gives the Secretary of Education the authority to ‘enforce, pay, compromise, waive, or release any right, title, …

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
1 year, 3 months ago

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause

Associated Press  

NEW YORK — Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. “If they were forgiven out of the blue, I’d be ecstatic.” The Supreme Court in July rejected a plan by President Joe Biden’s administration to wipe away $400 billion in student loan debt. On an earnings call …

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
1 year, 3 months ago

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “If they were forgiven out of the blue, I'd …

Biden Has a Plan B for Student-Loan Forgiveness. The Courts Could Kill It, Too.
1 year, 3 months ago

Biden Has a Plan B for Student-Loan Forgiveness. The Courts Could Kill It, Too.

Live Mint  

WASHINGTON—President Biden says he hasn’t given up on large-scale student-loan forgiveness. Legal scholars and activists said using the Higher Education Act to forgive student loans offers the administration a better chance of prevailing in the courts because the authority to cancel debt is more clearly enumerated than it is in the law Biden relied on the first time around. Several …

Joe Biden’s New Student Debt Relief Plan Might Actually Work This Time
55 years ago

Joe Biden’s New Student Debt Relief Plan Might Actually Work This Time

Slate  

President Joe Biden is determined not to give the Supreme Court the last word on student debt relief. The centerpiece of Cardona’s plan, however, was a “rulemaking process” designed to open “an alternative path to debt relief” under the Higher Education Act of 1965, or HEA. Biden’s initial debt relief program relied on the Heroes Act, which gave the secretary …

Student debt cancellation: On key initiatives, President Biden keeps getting sabotaged by his own allies.
1 year, 6 months ago

Student debt cancellation: On key initiatives, President Biden keeps getting sabotaged by his own allies.

Slate  

President Joe Biden’s student debt relief proposal is very popular; roughly 3 in 5 Americans support it. So the court’s decision to kill Biden’s student debt relief policy—and take between $10,000 and $20,000 out of the pockets of needy Americans—could mean electoral gains for Democrats. “But the answer to these problems is not the unchecked aggrandizement of executive power.” The …

Explained | The U.S. student loan crisis and Joe Biden’s new cancellation plan
1 year, 6 months ago

Explained | The U.S. student loan crisis and Joe Biden’s new cancellation plan

The Hindu  

The story so far: United States President Joe Biden has already released a new plan to cancel billions in student loan debt after the conservative majority Supreme Court of the U.S. in a 6-3 decision on June 30 blocked his ambitious plan to cancel $430 billion in debt. The president announced on the day of the Court ruling that the …

What will Biden’s new plan mean for borrowers set to begin paying back their student loans?
1 year, 6 months ago

What will Biden’s new plan mean for borrowers set to begin paying back their student loans?

Associated Press  

NEW YORK — Following the Supreme Court’s decision to effectively kill Biden’s earlier student debt forgiveness proposal, the White House is trying again to ease the burden on those carrying student loans using a different legal approach. Biden said the authority of the act will provide “the best path that remains to provide as many borrowers as possible with debt …

Biden’s Student Loan Cancellation Program Has Been Canceled, Here’s What’s Next
1 year, 6 months ago

Biden’s Student Loan Cancellation Program Has Been Canceled, Here’s What’s Next

The Quint  

These borrowers can apply for the Fresh Start program. For borrowers who are behind on their federal student loan payments, this program allows student loan borrowers to reset their loan so they won’t be considered past due anymore. Such a plan calculates a borrower’s monthly federal student loan payment based on the borrower’s income, spouse’s income and family size. It …

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