forgiveness

U.S. Loan Forgiveness Program For Farmers Of Color Is On Hold : NPR

Handy Kennedy, founder of AgriUnity cooperative, feeds his cows on HK Farms earlier this year in Cobbtown, Ga. The AgriUnity cooperative is a group of Black farmers formed to better their chances of economic success.

Michael M. Santiago/Getty Images


hide caption

toggle caption

Michael M. Santiago/Getty Images


Handy Kennedy, founder of AgriUnity cooperative, feeds his cows on HK Farms earlier this year in Cobbtown, Ga. The AgriUnity cooperative is a group of Black farmers formed to better their chances of economic success.

Michael M. Santiago/Getty Images

A new federal program created by the Biden administration to reverse years of economic

Read More

Automatic Student Loan Forgiveness Could Be A Big Win For Borrowers

While there are many different schools of thought when it comes to the best ways to finance higher education, most experts would agree our current reliance on student loans is simply unsustainable. After all, more than 45 million American borrowers currently owe a collective $1.7 trillion dollars on student loans at last count. That means the average student borrower owes $37,693 on their loans, and obviously millions of borrowers owe significantly more than that.

The federal government has created several different programs that can help borrowers pay back their loans faster, or have some of their balances forgiven. Their solutions

Read More

Judge rules DeVos must testify in lawsuit over student loan forgiveness

The Trump administration stopped issuing final decisions on the student borrowers’ claims — known as borrower defense applications — for at least 18 months, and then swiftly dismissed large swaths of claims with little explanation provided to each borrower. The Trump administration said it needed this the time to figure out its policy and issue reasoned decisions on borrowers’ claims.

The freeze in the program happened as DeVos was taking a series of policy steps designed to cut the amount of debt relief that defrauded borrowers can receive under the program. She criticized the Obama administration’s more permissive approach to

Read More

Student: I’ve got an avalanche of college debt. Loan forgiveness isn’t the total solution. | Opinion

By KerriAnn Mattaliano

Looking at today’s headlines about the $1.7 trillion student loan crisis, I cannot help noting I am part of that shocking statistic. It seems like yesterday I was choosing where to go to college and thinking, “I only need a $1,000 loan to cover the difference from my grant package.”

Yet over the next four years, that $1,000 snowballed and over the next 20 years that snowball became an avalanche. I and many others will still be digging out for another 20 years without the help of loan forgiveness. But can loan forgiveness stop the avalanche from

Read More

Student Loan Debt Forgiveness: Where It Stands Now

The Biden administration hasn’t made a decision when it comes to forgiving student loan debt, despite pressure from progressive Democrats that have called on the president to issue an executive order that would wipe out millions of borrowers’ debt.

However, the administration’s latest moves toward student loan forgiveness suggest that widespread student loan cancellation could be possible in the future.

Here’s what to know about student loan debt forgiveness and how soon it could impact your student loan debt.

What’s happening right now with student loan forgiveness?

In his most recent and obvious step toward mass forgiveness, Biden in early

Read More

Student loan forgiveness: What Joe Biden’s debt plan looks like today

The gift of student loan debt forgiveness may be on its way.


Sarah Tew/CNET

The total amount of student loan debt in the US is roughly $1.7 trillion and ranks just behind home mortgages in consumer debt. Will President Joe Biden cancel $10,000 of student loan debt? Several members of Congress are urging Biden to go even higher and forgive $50,000 per student. At a Senate hearing on April 13, Sen. Elizabeth Warren compared student loan debt to a time bomb poised to throw millions of families off a financial cliff. 

Provisions like a third stimulus check (and “

Read More