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Administrative Forbearance for Student Loans

Student Loan Planner

Federal student loan borrowers have access to a new income-driven repayment plan, the SAVE plan. Instead of billing borrowers an incorrect amount, servicers tend to use an administrative forbearance instead. Unfortunately, servicers have had enormous problems calculating what payments should be under that plan.

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Biden-Harris Administration Propose End to Higher Ed ‘Junk Fees’

Diverse: Issues in Higher Education

The Biden-Harris administration is proposing new steps to crack down on “hidden junk fees” to lower costs saddled on college students and families and make higher education more affordable. The proposed fixes, announced March 15, target fees imposed during the college or graduate school experience — some are imposed multiple times.

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Biden-Harris Administration Announces Additional $7.4B in Approved Student Debt Relief

Diverse: Issues in Higher Education

The Biden-Harris Administration has announced the approval of $7.4 billion in additional student loan debt relief for 277,000 borrowers, primarily eligible borrowers who signed up for the Saving on a Valuable Education (SAVE) Plan. Its newly approved relief brings the total loan forgiveness to $153 billion for nearly 4.3

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Biden-Harris Administration Encourages Enrollment in SAVE Plan

Diverse: Issues in Higher Education

million federal student loan borrowers. Vice President Kamala Harris “President Biden and I know that far too many people in our nation are struggling with student loan debt,” said Vice President Kamala Harris. The launch seeks to help increase enrollment heading into summer 2024.

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Biden-Harris Administration Announces New Plans for Debt Relief

Diverse: Issues in Higher Education

The Biden-Harris Administration has released initial details of a new set of plans to provide student debt relief to borrowers nationwide. The plans would include 4 million borrowers who have already been approved for debt cancellation by the Biden-Harris Administration over the past three years.

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Biden-Harris Administration Approves Additional Billions in Student Debt Relief

Diverse: Issues in Higher Education

With the 2024 presidential election on the horizon, the Biden-Harris administration is continuing its student loan debt relief efforts, this time approving nearly $5 billion. Last July, the adjustment resulted in the approval of $39 billion in student loan forgiveness to 804,000 borrowers. This most recent $4.9

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Biden-Harris Administration Approves Additional $5.8B in Student Debt Relief for 78,000 Public Service Workers

Diverse: Issues in Higher Education

The Biden-Harris Administration has announced the approval of $5.8 billion in additional student loan debt relief for 77,700 borrowers. These approvals are the result of fixes made by the Administration to Public Service Loan Forgiveness (PSLF). billion for 3.96 million Americans.