administrative-forbearance-for-student-loans 
Student Loan Planner
OCTOBER 13, 2023
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.
Diverse: Issues in Higher Education
APRIL 12, 2024
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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Diverse: Issues in Higher Education
JANUARY 22, 2024
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. And even some periods of forbearance, deferment, or default will count as progress. billion more in debt relief, affecting 73,600 borrowers.
NCLC Student Loan Borrower Assistance
JANUARY 16, 2024
And What Borrowers Can Do When Their Servicer Fails Them Federal student loan borrowers are entering their fourth month of repayment since the end of the payment pause in September 2023. million federal student loan borrowers during the first month of repayment. The largest fine, $7.2 million borrowers.
College Aid Consulting Services
JANUARY 10, 2022
College students get Federal student loan relief until May 2022. The current administration extended a student loan moratorium that has allowed families to put off debt payments during the pandemic. Payments on Federal student loans will be paused through May 1, 2022.
NCLC Student Loan Borrower Assistance
DECEMBER 13, 2022
In November 2022, the Department of Education published final rules that will change regulations governing a variety of federal student loan cancellation programs as well as how interest impacts student loan burdens. The new rules will go into effect on July 1, 2023. . Across the board, these rules are a huge improvement.
Diverse: Issues in Higher Education
OCTOBER 30, 2023
million in payment to the Missouri Higher Education Loan Authority or MOHELA for the month of October. million borrowers – some within only seven days of their payment date - and over 800,000 borrowers being delinquent on their loans as a result. Department of Education (ED) has announced that it will withhold $7.2 Dr. Miguel A.
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