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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

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Dept. of Education Announces Proposal to Change Repayment Plans on Student Loans

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The Department of Education yesterday announced a proposed rule that aims to lower the student loan payments being made by those with student loan debt, while completely pausing payments for individuals who make less than $30,600 per year.

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Biden Announces Student Loan Cancellation Plan, Extends Moratorium on Payments

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Individuals with … The post Biden Announces Student Loan Cancellation Plan, Extends Moratorium on Payments appeared first on AccountsRecovery.net. Student Loans Student Loan Debt Cancellation

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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.

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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.

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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.]

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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.

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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.

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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

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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

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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

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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

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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.

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Lawmakers Ramping Up Calls to Extend Student Loan Payment Moratorium

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Student Loans Student Loan Debt Cancellation Student Loan Debt Collection

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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

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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.

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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.

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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

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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.

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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

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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.

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Report Breaks Down Who Will Benefit From Student Loan Debt Cancellation

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Economy Student Loans Student Loan Debt Cancellation

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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

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

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General News Student Loans Student Loan Debt Cancellation Student Loan Debt Relief

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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.

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

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General News Student Loans Student Loan Debt Cancellation

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Report Calls Out Federal Student Loan Servicer for ‘Sloppy’ Work

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A report released by the Student Borrower Protection Center and the Communication Workers of America is accusing one of the largest student loan servicers of a number of misdeeds, including unfair debt collection, unlawful wage garnishments, and “sloppy” student loan servicing.

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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.

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Student Loan Debt Holding Individuals Back: Report

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Economy Student Loans Economic Data

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Bill Introduced in House to Prohibit Cancellation and Forgiveness of Student Loans

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Compliance Student Loans H.R. Scott DesJarlais Student Loan Debt Cancellation

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PHEAA Agrees to One-Year Extension of Servicing Student Loans

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Student Loans Federal Student Aid PHEAA Sen. Elizabeth Warren Student Loan Debt Collection

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More Americans Favor Medical Debt Forgiveness Than Wiping Away Student Loan Debt

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While the federal government still works out all the kinks related to its plan to forgive student loan debt for individuals, the rest of the country is already moving on to the next type of debt they want to see forgiven — medical debt. Economy Healthcare Student Loans

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Ed. Dept. Creates Student Loan Enforcement Unit

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The Office of Enforcement within Federal Student … The post Ed. Creates Student Loan Enforcement Unit appeared first on AccountsRecovery.net. Student Loans Federal Student Aid James Kvaal Kristen Donoghue Richard Cordray

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Ed. Dept. Cancels More Student Loan Debts, Announces New Regs Coming

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The Department of Education announced yesterday that it is canceling $415 million in student loan debt under the borrower defense to repayment plan, including the debts of 1,800 former students of DeVry University. Student Loans Student Loan Debt Cancellation

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Gov’t Extends Student Loan Moratorium, Wipes Out All Existing Defaults, Delinquencies

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Student Loans Miguel Cardona Student Loan Debt Collection