President Joe Biden listens during an event at the Eisenhower Executive Office Building at the White House on October 23, 2023.Anna MoneymakerEleven GOP state attorneys general filed a lawsuit to block the SAVE income-driven repayment plan.They argued that the shortened timeline for debt relief through the plan is unconstitutional.An Education Department official said Congress allows the authority to set terms for income-driven repayment.

BING NEWS:
  • Student Loan Borrowers May Get Millions After Servicers Accused of Failure
    Consumer Financial Protection Bureau sued 2 major private student loan servicers alleging failure to address borrowers' requests.
    05/10/2024 - 8:36 am | View Link
  • Private Student Loan Companies Accused Of Failing Borrowers Now Face Millions In Penalties
    A student loan servicer and a group of trusts that hold student loans may have to pay millions of dollars in penalties and compensation after allegedly failing to respond to borrower requests for ...
    05/9/2024 - 2:19 am | View Link
  • Student Loan Borrowers May Get $3 Million In Compensation For Servicing Failures
    If approved, several student loan companies may have to pay millions of dollars in penalties and other compensation for alleged servicing failures.
    05/7/2024 - 1:58 am | View Link
  • Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group
    The Biden administration said Wednesday that it has approved the cancellation of more than $6.1 billion in student loan debt held by 317,000 borrowers who previously attended The Art Institutes, a now ...
    04/30/2024 - 11:00 pm | View Link
  • Thousands of student-loan borrowers got their debt wiped through a new repayment reform. 11 GOP states just filed a lawsuit to block that relief.
    The lawsuit, filed ... student loan repayment plan ever that is lowering monthly payments, protecting millions of borrowers from runaway interest and getting borrowers closer to debt forgiveness ...
    03/28/2024 - 1:55 pm | View Link
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