Sun. Feb 23rd, 2025

Tag: borrowers

800,000 student-loan borrowers missed payments because their servicer failed to meet its ‘basic obligation.’ Here’s what happens now.
Biden’s Education Department reveals the 4 groups of student-loan borrowers it’s prioritizing for its second attempt at debt relief

A major student-loan company failed to send on-time billing statements to 2.5 million borrowers. Biden’s Education Department is punishing it.
New rules prevent colleges from leaving student-loan borrowers with ‘shoddy educations’ and lots of debt, Biden’s Education Department says

Activists erased $10 million in student debt for nearly 3,000 HBCU students — and said Biden can do the same for all borrowers
305,000 student-loan borrowers got the wrong billing information from their servicer and ‘will not have payments due until these mistakes are fixed,’ Biden’s Education Department says

Student-loan borrowers in Minnesota are getting over $17,000 in refunds after paying a company that ‘falsely promised’ debt relief, the state attorney general says
Do not make student-loan payments if you’re in one of these 3 groups of borrowers

An overlooked group of borrowers will be hit hard as student loan repayments resume, former Fed economist says
A major student-loan company says ‘extensive servicing delays are a likely outcome’ as borrowers transition back into repayment — and it could ‘last well into 2024’