Just in case you’ve forgotten, there’s a student loan crisis in America. The amount owed in the United States is more than $1.5 trillion dollars (Yes, that’s with a T)! There hasn’t been a lot of attention given to that figure during 2020 and 2021 because of the COVID-19 pandemic, and with good reason. In March…
Data Show DOJ Almost Never Files Delinquent Student Loan Suits
Department of Justice (DOJ) officials have filed only one delinquent student loan collection lawsuit since before 2020 election in a downward trend that began in 2011 when nearly 4,500 cases went to court, a new data analysis shows. “Despite student loan debt now topping $1.7 trillion, the latest case-by-case court records analyzed by the Transactional…
Data Shows DOJ Almost Never Files Delinquent Student Loan Suits
Department of Justice (DOJ) officials have filed only one delinquent student loan collection lawsuit since before 2020 election in a downward trend that began in 2011 when nearly 4,500 cases went to court, a new data analysis shows. “Despite student loan debt now topping $1.7 trillion, the latest case-by-case court records analyzed by the Transactional…
Education Department Waives $1.3 Billion in Disabled Student Loans Reinstated During Pandemic
The Department of Education announced on Monday it will recancel more than 41,000 student loans issued during the pandemic to disabled individuals who didn’t submit the required paperwork to track their income. “Borrowers with total and permanent disabilities should focus on their well-being, not put their health on the line to submit earnings information during the COVID-19 emergency,” Education Secretary Miguel Cardona said in…
Should You Refinance Your Student Loans?
If you’re feeling crushed by your student loan debt right now, you’re not alone. I’ve been there. I get that it can feel like a huge burden you’ll never get off your shoulders. But listen: There’s light at the end of the tunnel! There are plenty of ways to get intense about paying off debt….
Biden’s Education Secretary Nominee Vows to Prioritize Free Community College, Debt Cancellation
Miguel Cardona, President Joe Biden’s nominee to the Education Department, said he will prioritize cancelling student loan debt and offer tuition-free community college education once he is confirmed by the Senate. Cardona, who was named Connecticut’s K-12 school chief last August, would be facing a number of issues on his first day as Education secretary, mainly…
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