More than 200,000 federal student loan borrowers who were misled by their schools are in line for $6 billion worth of debt relief as a result of a preliminary settlement approved by court order on Aug. 4. It’s a whopper of a settlement and a big win for borrowers. But these discharges are only the... Anna Helhoski writes for NerdWallet.

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BING NEWS:
  • As clock ticks down, Biden abandons student loan relief proposals he lauded
    The Education Department said it "intends to commit its limited operational resources to helping at-risk borrowers return to repayment successfully." ...
    12/20/2024 - 7:57 am | View Link
  • FTC: Nevada company defrauded student loan borrowers out of more than $10 million
    A Nevada company is accused of defrauding student loan borrowers out of millions by charging fees for a debt relief scheme that falsely promised lower payments and loan forgiveness. Last month, the U.
    12/13/2024 - 12:37 am | View Link
  • Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say
    Sen. Elizabeth Warren led some of her colleagues in requesting that the CFPB and FTC bolster oversight over student-loan company Navient.
    12/11/2024 - 11:00 pm | View Link
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