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Millions Still Not Making Payments on Student Loans

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Nearly nine million people who have student loans have not yet made a payment after the moratorium on student loan payments ended three months ago, according to a published report that cited information from the Education Department.

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Ed. Dept. Cancels $5B More in Unpaid Student Loans

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billion of unpaid student loans for 73,000 individuals as a result of adjustments to the income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF) programs. billion of student loans for 3.7 The federal government on Friday announced it had approved the forgiveness of $4.9

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Judge Dismisses Suit Challenging Student Loan Forgiveness Plan

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A District Court judge in Michigan has dismissed a lawsuit that challenged an initiative from the federal government seeking to forgive $39 million of student loan debt, determining the plaintiffs lacked standing to sue. Well, that didn’t take very long.

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FTC Sues, Gets TRO to Stop Student Loan Debt Relief Scam

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The Federal Trade Commission on Monday announced it had sued and obtained a temporary restraining order against a number of corporate and individual defendants accused of pretending to be affiliated with the Department of Education so that they could market student loan forgiveness programs that made false promises and collected millions in illegal (..)

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Judge Blocks Student Loan Debt Cancellation Program

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A District Court judge in Texas yesterday granted summary judgment in favor of plaintiffs who sued the federal government seeking to block a program that would cancel up to $20,000 of student loan debt for individuals making less than $125,000 annually, ruling that the Biden Administration overstepped its authority when it created the program without (..)

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The Battle for Student Loan Payments Continues

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A petition is being organized — and so far 35,000 individuals have signed it — asking the Department of Education to cancel their student loan debts. Issues with repayment and other concerns have led 40,000 individuals to go on a “student debt strike,” according to a published report.

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Student Loan Moratorium Costing Gov’t $5B per Month, Think-Tank Claims in Suit

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The moratorium on student loan payments has cost the federal government $160 billion in lost assets and the federal government should be ordered to force individuals with unpaid student loan debts to start repaying them, according to a nonprofit think-tank that is seeking a preliminary injunction against the Department of Education.