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Payments on federal student loans have been paused for two years, and the Biden administration appears to be considering extending the pause beyond May.
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First things first: Get acquainted (or reacquainted) with your loans. And don't count on blanket loan forgiveness.
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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.
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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.
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The head of the office of Federal Student Aid, Richard Cordray, spoke with lawmakers about loan forgiveness and a resumption of student loan repayments after the pandemic pause.
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Monday's announcement comes after thousands of borrowers with disabilities had their federal student loans erased, then handed back to them during the pandemic.
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The actions for Day 1 were laid out in a memo by his chief of staff. The president-elect will extend pauses on student loan payments and evictions, plus send an immigration bill to Congress.
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Congress hit pause on federal student loan payments in the CARES Act. The latest extension of this relief will last until after President-elect Joe Biden takes office.
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From Texas Standard:Texas will soon become the second state to require high school seniors to complete the Free Application for Federal Student Aid, or…
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Texas is one of just three states that did not sign onto a letter sent Friday to Secretary Betsy DeVos asking the U.S. Department of Education to…