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On July 14, the Biden administration announced it would automatically cancel $39 billion of debt for 804,000 student loan borrowers in the coming weeks. This follows the June 30 Supreme Court 6-3...
The most borrowers must pay toward their undergraduate loans is 5% of their discretionary income, down from 10%. No borrower making less than 225% of the federal poverty level will have to make a ...
July 30, 2023 at 9:29 AM. Many student loan borrowers may be surprised they have a different loan service provider when payment pause lifts this fall. That could complicate restarting their ...
In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...
On Friday, the Department of Education announced that it will begin discharging student loan debts for borrowers who’ve been in repayment for 20-25 years under a one-time payment adjustment.
Great Lakes Higher Education Corporation was one of the largest student loan providers and guarantors in the United States. [1] Headquartered in Madison, Wisconsin, the corporation is non-profit. It was one of the four largest companies which service United States federal student loans: Great Lakes, Nelnet, Navient, and the Pennsylvania Higher ...
Cash-strapped federal student loan borrowers who hoped to get debt relief through the Biden administration's loan forgiveness plan might soon have to look elsewhere for help. The program is under...