Student Loans

The Biden administration has quietly changed its guidance to disqualify borrowers who have privately-held FFEL and Perkins loans.

In a letter to Biden, Republican governors, including Texas Gov. Greg Abbott, say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."

Amid President Joe Biden's announcement that his administration will be forgiving up to $20,000 in federal student loans, scammers may be looking to take advantage of borrowers.

Activists and educators say President Biden’s decision to cancel up to $20,000 in student loan debt will have a big impact. But, they said, there’s still more to do.

President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other borrowers making under $125,000 a year.

The Biden administration extended the freeze on student loan payments yet again, this time until September, and announced a reset for borrowers in default.

Payments on federal student loans have been paused for two years, and the Biden administration appears to be considering extending the pause beyond May.

First things first: Get acquainted (or reacquainted) with your loans. And don't count on blanket loan forgiveness.

President Biden extended relief for federal student loan borrowers for an additional 90 days because borrowers are "still coping with the impacts of the pandemic." Payments now resume May 1.

President Biden provided hundreds of thousands of borrowers with debt relief this year — but his campaign promise to cancel at least $10,000 of student debt per person remains unfulfilled.