Recently released data from the Education Department showed that by the end of last year, 7.7 million borrowers had defaulted ...
Trump's cap on student-loan borrowing for advanced degrees has prompted colleges to create new lending programs to fill financing gaps.
Starting in 2026, more student and parent borrowers are expected to turn to private lenders to fill student loan financing gaps due to caps on federal loans. Private student loans don't have some key ...
Forbes contributors publish independent expert analyses and insights. Adam Minsky is an attorney and writer focusing on student loans. Some student loan borrowers began receiving notices this month ...
Since 2005, student loan debt has increased by more than tenfold, growing from roughly $160 billion to over $1.7 trillion currently. During his term, President Biden forgave approximately $188 billion ...
Nearly 25% of student loan borrowers with a payment due are now behind, compared with around 9% in 2019, according to a report published Friday by The Century Foundation, a left-leaning think tank.
Student loan borrowers are starting to see payments from a settlement between the Consumer Financial Protection Bureau and loan servicer Navient that was finalized in 2024. The CFBP, under the Biden ...
Borrowers allegedly harmed by student loan servicer Navient are beginning to receive payments from a $100 million compensation fund created by the U.S. Consumer Financial Protection Bureau, according ...
Former CFPB Director Rohit Chopra reached a settlement with Navient over claims the lender overcharged student-loan borrowers.Michael A. McCoy/Getty Images Student-loan borrowers, check the mail: ...
This is read by an automated voice. Please report any issues or inconsistencies here. The Biden-era SAVE student loan repayment plan has ended via settlement, leaving 7.5 million borrowers to ...
NEW YORK (AP) — It’s been a confusing time for people with student loans. Collections restarted, then were put on hold. At the same time, borrowers had to stay on top of changes to key forgiveness ...
Millions of federal student loan borrowers are behind on their student loans and facing a “default cliff.” If you have been paying back your loans, there’s one additional benefit beyond keeping your ...