A joint settlement, combined with reforms, marks the end of unlawful debt cancellation schemes.

President Joe Biden is taking a "hard look" at canceling some federal student loan debt, but even a broad forgiveness plan may leave out some of the 43 million borrowers. Biden has indicated that if he does take action to provide more student loan debt ...

WASHINGTON -- President Joe Biden announced his decision on Wednesday to cancel some federal student loan debt, but even a broad forgiveness plan may leave out some of the 43 million borrowers. The plan includes forgiving $10,000 for borrowers who make ...

Democratic lawmakers say Biden should process student-loan-forgiveness applications for PSLF and defrauded borrowers before his term is up.

President Joe Biden announced Wednesday that his administration will forgive up to $20,000 worth of student loan debt for borrowers who received Pell Grants. People who didn't receive a Pell Grant are eligible for up to $10,000 in loan forgiveness, the ...

Senate Minority Leader Chuck Schumer is pushing the incoming Biden administration to cancel up to $50,000 in federal student loans when the president-elect takes office in January. His announcement comes as the nonpartisan Congressional Budget Office ...