On April 19, 2022, the U.S. Department of Education (ED) announced several changes and updates that will bring borrowers closer to forgiveness under income-driven repayment (IDR) plans. These adjustments to borrower accounts include conducting a one-time revision of...
On April 6, 2022, President Biden directed the U.S. Department of Education to extend the coronavirus-related payment suspension and 0% interest rate on certain federal student loans for four months. The payment suspension was due to expire at the end of April, but...
Dealing with debt can be a very difficult issue. You may have worked overtime to pay back what you owed or turned to settlement options to resolve debts in the past. When you have debts with multiple creditors and try to manage them all, it can become difficult and...
Federal student loans are dischargeable in bankruptcy only based on undue hardship (a strict standard as interpreted by courts). Creditors have worked hard to foster the misconception that the same standard applies to all private student loans. See, e.g., Student...
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Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a bulletin detailing student loan servicers’ obligation to halt unlawful conduct regarding borrowers’ eligibility and benefits under the Public Service Loan Forgiveness (PSLF) Waiver....
The Federal Trade Commission announced today that its years-long investigation into DeVry University continues to benefit consumers, as the U.S. Department of Education will forgive $71.7 million in federal student loans for students deceived by the for-profit...
When Kate Quick, 43, finished her master of fine arts degree at the University of Alaska Fairbanks 22 years ago, she had taken out about $30,000 in loans. © Provided by CNBCKate Quick, 43, said that her student loan debt causes stress and anxiety for her and her...
In response to the COVID-19 pandemic and the resulting financial impact, Congress expanded tax benefits which may increase the amount of money you receive through your tax refund. While you may have received some advanced payments during 2021, including the Child Tax...
