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Biden Administration Hid Millions of Defaulted Student Loans
With official data of loan nonperformance (defaults and delinquencies) on federal student loans being kept hidden, the only data available to the public indicated that over 99 percent of student loans were being paid and a mere fraction of 1 percent of borrowers were behind. The reality was vastly different.
Education Department Will Restart Collection On Defaulted Student Loan Payments
The Education Department announced Monday student loan collections will restart in May for loans in default, a move that could impact millions of borrowers and end the years-long period of leniency then went into effect under former President Joe Biden.
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Can't pay your student loan? These would be the consequences with the Trump AdministrationThe resumption of federal student loan payments and the tracking of delinquencies have reignited serious concerns for ...
The legal challenges to the Saving for a Valuable Education (SAVE) plan have put millions of federal student loan borrowers ...
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Biden administration cancels $7.7 billion in student loan debt for 160,000 borrowersOn Wednesday, the Biden administration announced the cancellation of an additional $7.7 billion in student loans for 160,000 Americans, continuing its efforts to alleviate the rising college ...
The most drastic change is not just to collection enforcement, but to the entire structure of the federal student loan system ...
The administration is invoking rules that allow the government to shut off the federal student-loan spigot for specific ...
Of the nearly 43 million people who have student loan debt, only a little more than a third have made regular payments, ...
It also blamed the Biden administration for keeping borrowers in a "confusing limbo." For Biden, canceling student loans was a campaign promise and one of the most aggressive policies he ...
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