Treasury, Federal Student Aid
Digest more
The Education Department indicated this week that student loan forgiveness approvals may surge during the second half of March. Here's why.
More than half a million federal student loan borrowers remain in a backlog of applications for an affordable repayment plan, a court filing revealed.
The Department of Education has contracted with several new companies to service federal student loans while discontinuing its relationship with some existing loan servicers. (iStock) The U.S. Department of Education does not service federal student loans ...
In an ominous sign for student loan borrowers, the Education Department published new data indicating that backlogs for repayment plans and loan forgiveness are ongoing.
Without this Education Department oversight, borrowers could "be placed in the wrong loan repayment status, billed for incorrect amounts" and more, the U.S. Government Accountability Office says.