The administration is invoking rules that allow the government to shut off the federal student-loan spigot for specific ...

On 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 debt ...

Of the nearly 43 million people who have student loan debt, only a little more than a third have made regular payments, ...

Joe Biden spent much of his presidency trying to change how student loan debt works; but nothing much changed. Biden promised a student loan forgiveness plan during his 2020 campaign, following a ...

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 pursued ...

Last month, the Department of Education announced it will resume collecting on defaulted student loans. It hadn’t done so ...

The Biden administration, on the other hand, was marked by a significant—and ultimately failed—effort to reshape federal student loan policy. The most well-known plan in this effort was Biden ...

KEY TAKEAWAYS During President Donald Trump's administration's first 100 days, it has moved forward with its goal to eliminate the Department of Education (DOE) and said student loan responsibilities ...

A federal student loan is considered in default after 270 days of non-payment. Borrowers can check their loan status by logging into their account at StudentAid.gov, where they can also access ...

In all, some 42 million borrowers owe more than $1.6 trillion in student debt, according to the DOE. If the borrowers ...