What’s Happening to Student Loan Forgiveness?

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…

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Trump orders denial of student loan relief for nonprofit workers engaged in ‘improper’ activity

By —Collin Binkley, Associated Press WASHINGTON (AP) — President Donald Trump is ordering changes to the Public Service Loan Forgiveness program that would disqualify workers of nonprofit groups deemed to have engaged in “improper” activities. An executive order signed Friday directs the Education Department to modify the program to deny loan relief to some borrowers. It would…

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5 facts about student loans

By Richard Fry and Anthony Cilluffo Americans owe about $1.6 trillion in student loans as of June 2024 – 42% more than what they owed a decade earlier. The increase has come as greater shares of young U.S. adults go to college and as the cost of higher education increases. Here are five facts about student loans in America…

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