December 22nd, 20210WASHINGTON D.C. — The Biden administration has extended a student loan moratorium through May 1, giving borrowers an additional three months before repayments start back up.
Under the action, payments on federal student loans will remain paused, debt collection efforts will be suspended and interest rates will remain at 0...
April 2nd, 20210WASHINGTON D.C. — The U.S. Department of Education has announced an expansion of the pause on federal student loan interest and collections.
The pause will impact all defaulted loans in the Federal Family Education Loan Program (FFEL) and is expected to help more than 1 million additional borrowers.
“At a time when many...
February 4th, 20210WASHINGTON D.C. — Senate Majority Leader Chuck Schumer and other Democrats are urging President Biden to use his executive authority to cancel student loan debt.
Schumer (D-NY), Senator Elizabeth Warren (D-MA) and Representative Ayanna Pressley (D-MA) reintroduced a resolution which would allow the secretary of education to cancel...
June 24th, 20190Sen. Bernie Sanders (I-Vt.) proposed a bill on Monday eliminating all $1.6 trillion of student debt held in the United States, two days before the candidates' first debate in Miami, adding to the 2020 policy fight of the Democratic presidential primary.
Sanders' proposal suggests that the federal government pay to wipe clean the student...
