Potus News Biden Administration Cancels Federal Student Debt Of Borrowers Defrauded By Their Schools

Here's who could benefit if Biden cancels $10,000 in student loan debt per borrower

President Joe Biden is taking a "hard look" at canceling some federal student loan debt, but even a broad forgiveness plan may leave out some of the 43 million borrowers. Biden has indicated that if ... Read More

What student borrowers need to know as Trump administration readies to seize wages for defaulted loans

By law, the feds can seize up to 15% of a borrower’s disposable pay if they have defaulted on federal student loans — without ever going to court. Read More

Delinquent student loan borrowers could see wage garnishments next month

Millions of student loan borrowers severely delinquent in their payments will see wage garnishments hit their paychecks in January, Department of Education says. Read More

Biden is withdrawing his broader student-loan-forgiveness plans that were set to cancel debt for over 38 million borrowers

It's officially the end of the road for Biden's attempts to broadly cancel student debt. Read More

The White House just agreed to cancel debt for millions of American borrowers, and to do it fast. Here’s how to check if you’re one of the lucky ones

Freedom Debt Relief negotiates settlements with your creditors until all of your enrolled debt is resolved. Once you approve your settlement offers, you can repay your debt with one simple monthly ... Read More

$6 billion in loan relief to defrauded students signals change ahead

(NerdWallet) – More than 200,000 federal student loan borrowers who were misled by their schools are in line for $6 billion worth of debt relief as a result of a preliminary settlement approved by ... Read More

More Student Loan Borrowers Are Shedding Debts in Bankruptcy

A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like them should try. Read More

Student loan borrowers in default may see wages garnished in 2026

Millions of borrowers are considered in default, meaning they are 270 days past due on their payments. The department must give borrowers 30 days notice before their wages can be garnished. Read More

Trump administration announces deal to end Biden-era student debt repayment plan

(CNN) — In a move that could send millions of student loan borrowers scrambling, the Trump administration announced an agreement on Tuesday to end the SAVE plan, a Biden-era repayment plan that has ... Read More

Trump administration moves to end major student loan forgiveness plan: 'We won't tolerate it'

"The law is clear: if you take out a loan, you must pay it back." The Department of Education has moved to terminate one of former President Joe Biden's most popular student loan forgiveness plans -- ... Read More