News about student loan

If you entered repayment on your student loans over two decades ago but still have loans: We’re proposing that your debt is canceled.

Less than 3 weeks after my hearing on @MOHELA, @usedgov took critical action to protect Americans from the student loan servicer's failures.   There is more that ED can do to hold MOHELA accountable, but today’s action is an important first step. www.businessinsider.com/student-loan-borrowers-being-transferred-from-mohela-to-new-servicers-2024-4

President Biden has now… ✏️ Canceled $153 billion of student debt for 4.3 million borrowers ✏️ Launched a repayment plan w/8 million enrollees where most borrowers pay $0/month ✏️ Announced new proposals to bring the total to 30 million Americans receiving student debt relief

.@Sen_JoeManchin is telling @SecCardona during Senate hearing that he has a "problem" with @usedgov's student-loan forgiveness efforts: "We don't require any financial literacy on the front end. This is stupid."