Tag Archives: Forgiveness

100,000 borrowers now qualify for student loan forgiveness under PSLF waiver: Education Department

The Biden administration has identified 100,000 borrowers that now qualify for $6.2 billion worth of debt relief under a popular student loan forgiveness program. (iStock) The Department of Education confirmed Wednesday that 100,000 borrowers are now eligible for $6.2 billion worth of student loan forgiveness through a program benefiting public service workers. Under the Public… Read More »

Government agency aims crack down on student loan servicers flouting forgiveness rules

Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Friday pledged a crackdown on student loan servicers that flout rules on loan forgiveness for public servants. The government agency said it “plans to prioritize” oversight of student loans in the coming year, with a “specific focus” on monitoring how servicers are engaging with… Read More »

Student Loan Servicers Under Microscrope For Student Loan Forgiveness

U.S. Education Secretary Miguel Cardona (Photo by Chip Somodevilla/Getty Images) Getty Images The Consumer Financial Protection Bureau (CFPB) is cracking down on student loan servicers. Here’s what you need to know. Student Loans The CFPB, which is the federal watchdog for consumers and consumer financial products, wants to ensure that student loan servicers are acting… Read More »

Student loan forgiveness is ‘good policy’ and ‘also good politics,’ Rep. Pressley says

President Joe Biden has said he’s considering canceling some student loan debt for millions of Americans, and one lawmaker who played a key role in pushing him to consider debt forgiveness says that the move would make sense for several reasons. “Democrats win when we deliver, and we have to deliver in ways that are… Read More »

Some Americans are mad over potential student loan forgiveness

As the president weighs broad student loan forgiveness, some Americans expressing frustration over a policy they see as unfair. “While some may view this debt forgiveness as a slap in the face to people who were responsible and paid off their student loans, this is a bigger slap in the face to those Americans who… Read More »