Many of the borrowers received bills with charges higher than they should be. The Department of Education identified the errors and directed student loan servicing companies to place the impacted borrowers in an administrative forbearance during which they are not required to make payments.
Although the Supreme Court struck down President Joe Biden’s signature student loan forgiveness program in late June, his administration has found ways to cancel more than $48 billion in debt since then.
Embattled Rep. George Santos remained defiant on Wednesday after facing new federal criminal charges, insisting he would not accept a plea deal and that he will run for reelection next year.
After more than nine hours of testimony over two days, Caroline Ellison, the most important witness in the government’s case against Sam Bankman-Fried, broke down as she described the final days of the crypto empire she helped build.