In the News

The agreement would cancel the outstanding student loan balances of roughly 66,000 borrowers with private education loans that were started between 2002 and 2010, when Navient was known as Sallie Mae.

According to Education Department data, 4.4 million borrowers have been in repayment under IDR for 20 years or longer, but complexities in the program, like burdensome paperwork and deceptive practices by loan companies, have kept borrowers stuck in repayment, the organizations' report said.

A coalition of advocacy groups is calling on President Biden to enact sweeping changes to income-driven repayment plans for federal student loan borrowers.

“Borrowers are not aware of what all their rights are. The student loan system is complicated,” says Persis Yu, policy director at the Student Borrower Protection Center. “I think we need to see a remedy to acknowledge the fact that there has been a longstanding problem of borrowers getting steered...

While consumer groups and activists have applauded the payment pause’s extension, they remain focused on pushing for more. Biden repeatedly said canceling at least $10,000 in education debt would be part of his economic recovery plan after his election, but he didn’t include any such policy in this year’s sweeping...

What happens when loan repayment restarts an open question. From an administrative perspective, it could get messy. Before the pandemic — and when the economy was ostensibly in a stronger position — people were already struggling to pay. During the 2019 federal fiscal year, which runs from October 1 to September...

The upheaval of the past two years may mean your personal circumstances and financial life look entirely different today. If you’re anxious about making payments again, you’ve got plenty of options — but a limited window to thoroughly evaluate them.

With daily news headlines focusing on the status and future of federal student loans — including recent announcements that hundreds of thousands of borrowers will have their debts wiped out — don't feel alone if you're confused as to whether what you're hearing when you're offered help with your loans...

The former students allege they were misled to think they were applying for jobs and misled on the terms of the ISAs in order to join a 10-week online tech sales bootcamp for “sales development representatives.” But the lawsuits allege that the students did not learn much while being tracked...

In recent days, the White House has drawn widespread blowback as advocates and progressives implore the administration to push back, or forego entirely, a February date to lift a pandemic forbearance on student loan payments.