By Amiah Taylor Joe Biden has canceled more student loan debt than any other U.S. president, forgiving $16 billion in federal student loans for targeted groups such as disabled borrowers, and students who were defrauded by their institutions. Since April, Biden has been deliberating widespread student loan forgiveness and has also been considering income caps that would exclude high earners…
Aug. 24, 2022, 12:21 PM EDT By Alex Ford and Lauren Egan Biden’s expected student loan forgiveness announcement could help up to tens of millions of borrowers and wipe the slate clean for as many as 14 million. A sign calls for the cancellation of student debt at a rally at the Department of Education. Students took part…
Story by David Nadelle Discover an older person at a wooden table using a laptop while holding a phone, with papers, a mug, and pill bottles nearby© RichVintage Student loan debt in America exceeds $1.8 trillion, but most of the 40 million borrowers do not seem to know what would happen to their debt if they died. Although private…
Some student loan repayment mistakes are made the day you borrow money. By Maryalene LaPonsie | Reviewed by Mark Evitt | Edited by Tracy Stewart | April 17, 2026SaveAdd us onShareMore More Getty Images Steer clear of these common student loan mistakes, both before and after you graduate. Key Takeaways The headlines are dire: 42.7 million borrowers owed…
Press Release March 27, 2026 Today, the U.S. Department of Education (the Department) began issuing guidance to all borrowers enrolled in the unlawful ‘Saving on a Valuable Education’ (SAVE) Plan, directing them to exit the plan and enter a legal federal student loan repayment plan. The guidance will be sent to the 7.5 million borrowers…
It could be life-changing for people with student loan debt Ellie Kemp Follow us on Google Discover As Donald Trump’s debt relief plan comes into action, a report has suggested that wiping student loan debt could massively boost the US economy. Millions of borrowers are due to have their debt forgiven as President Trump’s administration moves to…
By Jessica Blake By shifting oversight of the portfolio, the Trump administration aims to improve loan collection as well as prevent borrowers from entering default in the first place. AEI senior fellow Preston Cooper (left) hosted a fireside chat with Education Under Secretary Nicholas Kent. Jessica Blake/Inside Higher Ed To Education Under Secretary Nicholas Kent, transferring…
Trina Pau Associate Reporter When the Biden administration announced its student loan forgiveness plan in August, it was an unprecedented move to help alleviate the $1.6 trillion worth of debt that borrowers hold. However, the forgiveness plan now faces multiple legal challenges and leaves borrowers wondering what will happen next. In the past two months, student loan forgiveness…
Shutdown affects on loans By ANNIE MAUpdated 3:57 PM EDT, October 1, 2025 ▶ Follow live updates on the federal government shutdown WASHINGTON (AP) — Already diminished by cuts by the Trump administration, the U.S. Education Department will see more of its work come to a halt due to the government shutdown. The department says many of its…
By Ayelet Sheffey Millions of student-loan borrowers are falling into default — and the newest wave is older than before. About 3.6 million federal student-loan borrowers defaulted in the past two quarters, after a pandemic-era repayment pause ended and collections began again, according to new data from the New York Federal Reserve. Researchers said the average newly-defaulted…
