News

January 13, 2022 Adam S. Minsky, Forbes

Navient Settlement To Result In $1.7 Billion In Student Loan Cancellation

A major settlement was announced on Thursday to resolve a long-standing lawsuit joined by 39 state attorneys general against Navient, one of the nation’s largest student loan companies.

January 4, 2022 Adam S. Minsky, Forbes

Student Loan Forgiveness Updates: New Changes Coming In 2022 For Public Service Borrowers

Borrowers on track for PSLF will continue to see significant changes this year, including the replacement of FedLoan with MOHELA as the PSLF loan servicer. Here's the latest.

December 22, 2021 Tara Siegel Bernard, The New York Times

The Student Loan Payment Restart Was Delayed. Here’s What to Do.

The Biden Administration has extended the timeout to May 1, so almost 27 million borrowers with federal student loans will no longer be expected to restart their payments in February. If you’re anxious about making payments again, you have plenty of options- and now is the time to thoroughly evaluate them. Here’s what you need to know about the restart and the payment plans that might help you.

December 22, 2021 U.S. Department of Education

Biden-Harris Administration Extends Student Loan Pause Through May 1, 2022

The U.S. Department of Education announced a 90-day extension of the pause on student loan repayment, interest, and collections through May 1, 2022. The extension will allow the Administration to assess the impacts of the Omicron variant on student borrowers and provide additional time for borrowers to plan for the resumption of payments and reduce the risk of delinquency and defaults after restart.

December 20, 2021 Cory Turner, NPR

1 borrower’s student debt is erased with loan forgiveness program overhaul

With the Biden administration loosening the rules of the troubled Public Service Loan Forgiveness program, one borrower, a special education teacher on the verge of retirement, got some good news.

December 16, 2021 Adam S. Minsky, Forbes

Student Loan Forgiveness: Biden Administration Considers More Changes To Program For Public Service Workers

The Biden administration is considering even more changes to the PSLF program. These changes could go above and beyond some of the recent temporary reforms that the Department of Education is currently rolling out. Here’s the latest.

December 14, 2021 Annie Nova, CNBC

Her student loans were forgiven. Then the Education Department refunded her $20,000 for years of overpayment

Karen Tongson never imagined a moment when she wouldn’t be paying back her student loans.As a professor at the University of Southern California, the Los Angeles resident qualified for PSLF but had heard too many stories of borrowers not getting the government’s promise of debt cancellation to believe she ever would. Last month, after years of waiting, Tongson found that her student loan balance had dropped to $0.

December 6, 2021 State of California Department of Justice

Biden Administration’s Sweeping Overhaul of Public Service Loan Forgiveness Program Achieves Goals of Lawsuit

California Attorney General announced that the Biden Administration’s actions to mend the Public Service Loan Forgiveness (PSLF) and Temporary Expanded Public Service Loan Forgiveness (TEPSLF) programs have achieved the goals of litigation filed by the California Department of Justice (DOJ) in June 2020 and warrant dismissal of the lawsuit. The lawsuit sought to compel the U.S. Department of Education (ED) to comply with implementation requirements for the TEPSLF program after nearly all of the public servants who applied for student loan forgiveness had their applications denied.

December 3, 2021 CNBC.com

‘The long nightmare was over’: This 36-year-old just had $167,000 in student loan debt forgiven

Most mornings, Christopher Handley diligently logged into his FedLoans account to check how much remained of his $167,000 student loan balance from college and law school. He had recently made the 120 necessary on-time payments and submitted his forgiveness application, and had been eagerly anticipating his balance reset.

October 20, 2021 Cory Turner, NPR

Student loan forgiveness is a lot closer for some borrowers, and they are pumped