Judge Blocks Student Loan Debt Cancellation Program

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Compliance Student Loans Brown v. Department of Education District Court for the Northern District of Texas Judge Mark Pittman Student Loan Debt Cancellation

Who Owns My Student Loans?

Nerd Wallet

Staying on top of your debt is nearly impossible if you don’t know who owns your student loans. Knowing your loan balance, monthly payment and repayment options is critical if you want to pay off the loans faster, need to lower payments or temporarily stop making them altogether.

Government Extends Pause on Student Loan Payments Until Legal Challenges are Resolved

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The Biden Administration yesterday announced it was extending the moratorium on student loan payments until 60 days after litigation surrounding the plan to forgive up to $20,000 in unpaid student loans is resolved. Student Loans Student Loan Debt Cancellation

Federal Student Loan Forbearance Extended Yet Again

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The White House has once again extended the federal student loan payment pause as it battles lawsuits threatening to derail its sweeping student debt forgiveness plan. Students may be off the hook for payments until summer 2023, the Department of Education said Tuesday.

Individuals With Paused Student Loans Falling Behind on Other Credit Products: CFPB

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Individuals with student loans that had their payments paused during the pandemic are now falling behind on other credit products, according to data released this week by the Consumer Financial Protection Bureau.

Supreme Court Agrees to Hear Arguments in Student Loan Debt Cancellation Plan While Another Appeals Court Upholds Block

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Arguments in … The post Supreme Court Agrees to Hear Arguments in Student Loan Debt Cancellation Plan While Another Appeals Court Upholds Block first appeared on AccountsRecovery.net. Compliance Student Loans Student Loan Debt Cancellation

Legal Challenges to Student Loan Cancellation Plan Launched

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The legal challenges to the federal government’s plan to cancel student loan debt for individuals making less than $125,000 a year have started, with a pair of suits claiming the administration failed to take the proper steps before announcing the plan.

Warren Demands DoJ Release Student Loan Bankruptcy Guidance

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Backstory: Student … The post Warren Demands DoJ Release Student Loan Bankruptcy Guidance appeared first on AccountsRecovery.net. Student Loans Sen. Elizabeth Warren Student Loan Debt ReliefElizabeth Warren [D-Mass.]

Q&A: Student Loan Debt Relief Application

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Not everyone has to apply to get student loan cancellation. The application for the Biden administration’s student. The article Q&A: Student Loan Debt Relief Application originally appeared on NerdWallet. Loans Student Loans

Student Loan Debt Relief Scammer Gets 6 Years in Prison

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A Georgia man has been sentenced to six years in prison while also being ordered to pay $910,417 in restitution after pleading guilty in a scam that led to $48 million of federal student loans being fraudulently discharged through a program intended for disabled military veterans.

How Long Will it Take to Rehabilitate a Student Loan?

Sawin & Shea

Student loan debt is a serious problem in the United States, and it’s an issue that impacts millions of Americans. As of January 2022, around 45 million people have student loan debt, which is 13.5% Tragically, many of those student loan borrowers have defaulted.

Report Calls for ‘Broad-Based’ Cancellation of Student Loans

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The … The post Report Calls for ‘Broad-Based’ Cancellation of Student Loans appeared first on AccountsRecovery.net. Student Loans Center for Law and Social Policy National Consumer Law Center Student Loan Debt Cancellation

Bill Introduced in Senate to End Student Loan Moratorium, Prohibit Debt Cancellation

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A bill has been introduced in the Senate that would prohibit President Biden from canceling outstanding federal student loan obligations due to a national emergency while also ending the current moratorium on federal student loan payments.

Groups Call on Biden to Extend Student Loan Payment Pause

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” A … The post Groups Call on Biden to Extend Student Loan Payment Pause appeared first on AccountsRecovery.net. Student Loans Student Loan Debt Cancellation

CFPB Publishes Supervisory Highlights Report on Student Loan Servicing

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The Consumer Financial Protection Bureau yesterday published a special edition of its Supervisory Highlights, spotlighting the student loan servicing and collection markets and pointing out some of the issues it has uncovered when examining companies in that market.

Student Loan Debt Relief Scammers Sentenced

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Christopher Lyell was … The post Student Loan Debt Relief Scammers Sentenced appeared first on AccountsRecovery.net. Compliance Student Loans Brandley Hansen Christopher Lyell Hoke Nagahori Paul Rehmar Rob Bonta Student Loan Debt Relief Department

Group Files Petition with Supreme Court to Block Student Loan Forgiveness Program from Going Into Effect

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A group fighting to block a plan to forgive student loan debt has submitted a petition to the Supreme Court seeking an emergency injunction after a website went live this week accepting applications for the program. Student Loans Student Loan Debt Cancellation

CBO Puts $400B Price Tag on Student Loan Debt Cancellation Plan

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The Biden Administration’s student loan debt cancellation plan will cost the government $400 billion, according to a report released yesterday by the nonpartisan Congressional Budget Office. Student Loans Student Loan Debt Cancellation

Can Bankruptcy Discharge my Student Loans?

Debt Free Colorado

Are my Student Loan Debts Dischargeable in Bankruptcy? Student-loan holders now have a new path to freeing their debt through bankruptcy! In the past, discharging student loans was an almost impossible hurdle in bankruptcy.

Student Loan Debt Collection System Driving People Into ‘Deeper Hole’, Says Ed. Dept. Official

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The only good thing that happens when an individual defaults on his or her student loan is that debt collectors make money, according to an Undersecretary at the Department of Education who was speaking during a virtual panel discussion earlier this week.

How Is a Student Loan Different From a Scholarship?

Nerd Wallet

Students wondering how to pay for college typically turn to two key funding options: loans and scholarships. Borrowers are generally on the hook to repay student loans with interest, while scholarship awards are free money — meaning you never have to pay them back.

Student Loan Repayment Moratorium Extended Until May

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Back in August, the government announced a … The post Student Loan Repayment Moratorium Extended Until May appeared first on AccountsRecovery.net. Student Loans COVID-19 Moratorium Student Loan Debt Cancellation

Report Shares Details of Student Loan Restart Proposals

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The Department of Education is considering proposals that would give borrowers “new flexibility” like initial grace periods when its moratorium on student loan payments ends on January 31, according to a published report.

Lawmakers Ramping Up Calls to Extend Student Loan Payment Moratorium

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Settlement Will Cancel $6B of Unpaid Student Loans

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The Department of Education yesterday announced a settlement in a lawsuit that will see the debts of 200,000 individuals forgiven, wiping out $6 billion in unpaid loans owed by individuals who had filed borrower defense claims that were left pending for years by previous administrations.

Report Breaks Down Who Will Benefit From Student Loan Debt Cancellation

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Student Loan IDRs Go Under the Microscope

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… The post Student Loan IDRs Go Under the Microscope appeared first on AccountsRecovery.net. Student Loans H.R.

N.Y. Gov Signs Bill Eliminating Certain Collection Fees on Unpaid Student Loans

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The governor of New York yesterday signed a bill into law that will eliminate a 22% collection fee on student loans owed to the state. The fee was added when unpaid student loan debts were referred to the Office of the Attorney General’s Civil Recoveries Bureau.

GOP Governors Call on Biden to Withdraw Student Loan Debt Cancellation Plan

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Should You Ask for a Refund on Student Loan Payments?

Nerd Wallet

Hundreds of thousands of borrowers made payments on their federal student loans since forbearance began in March 2020, taking advantage of the opportunity to pay down their balances. The article Should You Ask for a Refund on Student Loan Payments? Loans Student Loans

CFPB Announces Crackdown on Student Loan Servicers Over PSLF Program

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Student Loans Public Service Loan Forgiveness Rohit Chopra Student Loan Debt Cancellation

Student Loan Debt Leads to Higher Chance of Heart Problems Later in Life: Study

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Ed. Dept. Announces Automatic Student Loan Cancellation For Disabled Borrowers

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The Department of Education has announced that 323,000 individuals who have a total and permanent disability will have their unpaid student loans automatically discharged without having to file any paperwork or applications. billion in unpaid loans.

Student Loan Lawsuits: Where Challenges to Cancellation Stand

Nerd Wallet

Since President Joe Biden announced cancellation of billions in student debt on Aug. The article Student Loan Lawsuits: Where Challenges to Cancellation Stand originally appeared on NerdWallet. Loans Student Loans

CommonBond Exits the Student Loan Business

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CommonBond stopped offering student loans in April 2022 and ended its student loan refinance program in May 2022. Now, CommonBond focuses only on loans for solar panels. Historically, CommonBond offered student loans. Loans Student Loans