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Articles for Borrower, search results for federal

Biden has quietly forgiven billions in student loans despite setbacks for his signature debt plan
1 year, 9 months ago

Biden has quietly forgiven billions in student loans despite setbacks for his signature debt plan

LA Times  

People rally to show support for the Biden administration’s student debt relief plan in front of the Supreme Court on Feb. 28 in Washington, D.C. Sara Diaz was feeling emotional when she checked her email Tuesday. The Education Department has agreed to forgive more than $14.5 billion for borrower defense cases and people whose schools closed before they finished their …

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U.S. will forgive $5.8 billion of loans to Corinthian Colleges students
2 years, 6 months ago

U.S. will forgive $5.8 billion of loans to Corinthian Colleges students

NPR  

U.S. will forgive $5.8 billion of loans to Corinthian Colleges students Enlarge this image toggle caption Christine Armario/AP Christine Armario/AP The U.S. Department of Education will forgive $5.8 billion of federal student loans for those who attended Corinthian Colleges, a chain of for-profit schools that deceived students about their job placement rates and students' ability to transfer credits. 'Wholesale financial …

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DeVry University misled students. Now, the federal government is erasing their debt
2 years, 10 months ago

DeVry University misled students. Now, the federal government is erasing their debt

NPR  

DeVry University misled students. These borrowers — who attended DeVry University, ITT Technical Institute and other schools — will receive relief through a legal provision known as borrower defense, which promises loan relief for defrauded borrowers. Wednesday's news stands out not only for the borrowers it will help, but because this is the first time the department has said it …

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Students who got partial loan relief to see full discharge
3 years, 9 months ago

Students who got partial loan relief to see full discharge

Associated Press  

WASHINGTON — Thousands of students defrauded by for-profit schools will have their federal loans fully erased, the Biden administration announced Thursday, reversing a Trump administration policy that had given them only partial relief. “A close review of these claims and the associated evidence showed these borrowers have been harmed, and we will grant them a fresh start from their debt.” …

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