An NPR analysis of data released by the Small Business Administration shows the vast majority of Paycheck Protection Program loans have been forgiven, even though the program was rampant with fraud.
The president has extended the student loan repayment pause into 2023. Biden said he wants to give lawsuits against debt cancellation time to play out, and the Supreme Court time to weigh in.
District Court Judge Mark Pittman, an appointee of former President Donald Trump based in Fort Worth, said the program usurped Congress' power to make laws.
The measure would free some borrowers from debt incurred by spouses – sometimes abusive ones – and could lay a path toward loan forgiveness.
A nonprofit student loan group alleges that the Consumer Financial Protection Bureau has abandoned its duty to police widespread mismanagement of a loan forgiveness program for public service workers.
Student loan borrowers defrauded by colleges may soon find it harder to have their debts forgiven.
If you're a teacher, you have one of the lowest-paid professional jobs in the U.S. Most require a four-year degree, which can require tens of thousands of dollars in loans that some struggle to repay.
Borrowers are "frightened," "anxious," "betrayed," at the suggestion that a federal student loan forgiveness program could be taken away.
Community and nonprofit colleges across the country are recruiting former ITT Tech students who face a tough decision: roll the dice on transferring credits, or lose them all for debt relief.