Millions of Americans are at risk of losing their Social Security benefits as student debt follows them into their golden years. According to a report from the New School Schwartz Center for Economic Policy Analysis, roughly 2.2 million Americans over the age of 55 have outstanding student loans. And if your loans fall into default,
Amid staffing concerns, San Francisco mayoral candidate and District 11 supervisor Ahsha Safaí is proposing to forgive $25,000 student loan debt for some first responders. In an effort to address struggles in hiring first responders such as police officers, nurses, and 911 dispatchers for the city, Safaí is proposing to start a new $1 million
A Kansas federal judge ruled on Friday that only three of the 11 states that filed a lawsuit against President Joe Biden‘s recent $156 billion student loan debt forgiveness plan could proceed with their case. In late March, 11 Republican-led states filed a lawsuit against the Biden administration’s student loan debt forgiveness plan, stemming from
Boston, MA – March 18: US Senator Elizabeth Warren cheering after a teachers testimonial of their … [+] student loan forgiveness during American Federation of Teachers roundtable discussion. (Photo by Matthew J. Lee/The Boston Globe via Getty Images) Boston Globe via Getty Images Borrowers with privately-owned school debt have a new option for student loan
On Friday, the Consumer Financial Protection Bureau (CFPB) filed a new lawsuit against the Pennsylvania Higher Education Assistance Agency (PHEAA) for unlawfully collecting payments that borrowers no longer owe, as they were discharged through bankruptcy. This is the second lawsuit filed by the CFPB against PHEAA in May, an earlier one accused the servicer from
US President Joe Biden speaks about his Investing in America agenda, at Gateway Technical College in … [+] Sturtevant, Wisconsin, on May 8, 2024. The Biden administration is in the final stages of creating a new student loan forgiveness plan, which would include a pathway to relief based on financial hardship. (Photo by Mandel NGAN
Editor’s Note: This article was originally published by Cato Institute on May 1, 2024 and is crossposted here with permission. Note: This post updates last month’s post. The biggest changes from last month include: The newest plan relying on regulatory changes under the Higher Education Act has been released and is summarized. A new court case against the SAVE plan
President Biden approves over $6 billion in student loan discharge (Photo/Sacramento Bee) By Karen Stokes The Biden-Harris Administration announced an additional over $6 billion in student debt cancellation for 317,000 borrowers who attended the Art Institutes, on or after Jan. 1, 2004, through Oct. 16, 2017. A higher-ed entity that knowingly defrauded its enrollees over
Millions of student loan borrowers no longer will be able to get their debts forgiven under President Joe Biden‘s administration beginning May 1. Public service workers, including teachers and nurses, were able to get their debts cleared under specific Department of Education (DOE) rules, but that is no longer the case as of today. The