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Biden administration will give millions of student loan borrowers in default a fresh start — here’s what you need to know

Along with the announcement last week that the ongoing payment pause on federal student loans would be extended for another four months, the Biden administration also offered good news to borrowers who were behind on their debt payments prior to the pandemic. The U.S. Department of Education says it will move to...

April 12, 2022 Loknath Das Education Loans No Comment

Trump Administration Considers Moving Student Loans from Education Department to Treasury

The Trump administration is considering moving responsibility for overseeing more than $1 trillion in student debt from the Education Department to the Treasury Department, a switch that would radically change the system that helps 43 million students finance higher education. The potential change surfaced in a scathing resignation...