There’s a new source of stress facing America’s already-stressed student loan borrowers. For the first time since the pandemic, delinquent payments will be added to their credit histories. This is happening, as Bloomberg News reported Thursday (Feb. 27), at a time when more than 9 million borrowers...
The Federal Trade Commission (FTC) said Monday (Dec. 9) that at its request, a federal court halted and froze the assets of the operators of a scheme that allegedly bilked student loan borrowers while pretending to be affiliated with the Department of Education. In response...
The White House has unveiled its latest effort to offer relief to student loan borrowers. The plan, President Joe Biden announced Monday (April 8), targets borrowers who owe more now than when they started repayments due to interest, those who entered repayment 20 or more years ago,...
The White House is canceling nearly $6 billion in student loans for public service workers. The cancellation, announced Thursday (March 21), applies to 78,000 teachers, nurses, firefighters and other public sector employees. “These public service workers have dedicated their careers to serving their communities, but because of past administrative...
September 30, 2026
The Treasury Department and the Education Department have launched a new online portal designed for Americans who have defaulted federal student loans, they said in a Wednesday (Sept. 30) press release. The new Defaulted Loans Support Center is designed to help these borrowers understand their options, address default and return to repayment, according to the […]
February 27, 2025
There’s a new source of stress facing America’s already-stressed student loan borrowers. For the first time since the pandemic, delinquent payments will be added to their credit histories. This is...
December 09, 2024
The Federal Trade Commission (FTC) said Monday (Dec. 9) that at its request, a federal court halted and froze the assets of the operators of a scheme that allegedly bilked...
April 08, 2024
The White House has unveiled its latest effort to offer relief to student loan borrowers. The plan, President Joe Biden announced Monday (April 8), targets borrowers who owe more now than when...