Biden administration plans to make sweeping changes to 'broken' student loan system

Summary by Ground News

Proposed regulations would establish a "broader standard" for considering borrower defense claims. This includes expanding the types of misconduct that can qualify for such a claim to include "aggressive and deceptive recruitment practices" The move is yet another step in the Biden administration's effort to improve the student loan forgiveness system.

1 month ago·Washington, United States

News Articles

More Filters

All

Left

Center

Right

Reuters

U.S. says defrauded students could receive loan forgiveness

By Kanishka Singh WASHINGTON - The U.S. government wants to simplify the student loan forgiveness process for defrauded students and make it easier for public servants to get the debt forgiveness, the Education Department said on Wednesday. Students who attended for-profit schools that lied or took advantage of them may be considered for debt cancellation as a group, without burdening

1 month ago·United Kingdom

Read Full Article

IBTimes

U.S. Says Defrauded Students Could Receive Loan Forgiveness

The U.S. government wants to simplify the student loan forgiveness process for defrauded students and make it easier for public servants to get the debt forgiveness, the Education Department said on Wednesday. Students who attended for-profit schools that lied or took advantage of them may be considered for debt cancellation as a group, without burdening individuals to make their case alone, the new proposals released by the Education Department…

1 month ago·United States

Read Full Article

New York Times

Biden administration seeks to curb student loan interest and simplify relief programs.

New rules would undo Trump administration actions and give borrowers an easier path through loan forgiveness programs.

1 month ago·New York, United States

Read Full Article

CNBC

Biden administration plans to make sweeping changes to 'broken' student loan system

The Biden administration announced on Wednesday that it was moving to make sweeping changes to the federal student loan system.

1 month ago·United States

Read Full Article

The Washington Post

Biden administration wants to ease student-loan forgiveness for some

Students will have a clearer path to loan forgiveness and affordable repayment of their education debt, according to rules issued Wednesday by the Biden administration.

1 month ago·Washington, United States

Read Full Article

The Hill

Biden administration unveils sweeping changes to federal student loan system

The Biden administration on Wednesday announced several new proposed changes to the federal student loan system, including measures that help discharge loans for physically and mentally disabled bo…

1 month ago·Washington, United States

Read Full Article