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The Day - Biden administration gives more borrowers a chance of debt cancellation - News from southeastern Connecticut

On Tuesday, the Education Department said it will grant federal student loan borrowers additional credit toward loan forgiveness under what is known as

United statesRobert bobby scottAbby shafrothDick durbinJames kvaalSherrod brownElizabeth warrenJoe bidenMiguel cardonaConsumer financial protection bureauNational council of higher education resourcesEducation finance councilEducation departmentUs government accountability officeStudent loan servicing allianceEducation secretary miguel cardona

Biden eases loan repayment rule

People who have been paying down their student loans for decades will get a better chance at debt cancellation, as the Biden administration temporarily relaxes the rules of certain repayment plans.

Robert bobby scottMiguel cardonaRichard durbinSherrod brownElizabeth warrenConsumer financial protection bureauNational council of higher education resourcesEducation finance councilEducation departmentUs government accountability officeStudent loan servicing allianceEducation secretary miguel cardonaDirect loanFederal student aidNational councilHigher education resources

Biden administration gives more borrowers a chance of debt cancellation

Biden administration gives more borrowers a chance of debt cancellation
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United statesRobert bobby scottAbby shafrothDick durbinJames kvaalSherrod brownElizabeth warrenJoe bidenJeff swensenMiguel cardonaEducation finance councilUs government accountability officeConsumer financial protection bureauWashington postNational council of higher education resourcesEducation department

Education Department Announces 40,000 To Receive Immediate Loan Forgiveness

The department promised fixes to long-standing problems with programs designed to give borrowers lower payments.

Miguel cardonaElizabeth warrenDepartment of educationPublic service loan forgivenessUs education departmentEducation finance councilConsumer financial protection bureauA national consumer law centerStudent loan servicing alliancePresident bidenEducation miguel cardonaNational consumer law centerSenator elizabeth warrenIncome driven repaymentStudent loan debtStudent loans

Biden administration gives more borrowers a chance of debt cancellation

Any month in which borrowers made payments will now count toward forgiveness, even if they were not enrolled in an income-driven plan.

Robert bobby scottMiguel cardonaRichard durbinSherrod brownElizabeth warrenConsumer financial protection bureauNational council of higher education resourcesEducation finance councilEducation departmentUs government accountability officeStudent loan servicing allianceEducation secretary miguel cardonaDirect loanFederal student aidNational councilHigher education resources