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The Latest Breaking News from Persis Yu

Wage garnishing over defaulted student loans begins in January, Trump admin warns

Millions of borrowers are considered in default, meaning they are 270 days past due

The Independent UK

Education Department reopens applications for student loan repayment plans

The U.S. Education Department reopened online applications Wednesday for income-driven repayment plans for student loan borrowers

The Independent UK

Consider freezing your credit right now

DOGE’s activities highlight your financial data’s vulnerability

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

Trump's win brings uncertainty to borrowers hoping for student loan forgiveness

President-elect Donald Trump has not said what he would do on student loan forgiveness, leaving millions of borrowers facing uncertainty over what will happen with their payments once President Joe Biden leaves office

The Independent UK

Appeals court allows part of Biden student loan repayment plan to go forward

A federal appeals court has allowed the U.S. Education Department to move ahead with a plan to lower monthly payments for millions of student loan borrowers, putting on hold a ruling last week by a lower court

The Independent UK

Borrowers face billing errors in a rocky return to US student loan payments

Mohela, which has been penalized by the education department, stands out among servicers for late bills and incorrect auto-debits

The Guardian - US

How to complain about your upcoming student loan bill

On the bumpy road to repayment this fall, student loan borrowers have some qualms

The Independent UK

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A 'student loan cliff' could bring the the most widely predicted recession ever to life

"There absolutely must be a plan to avoid the economic devastation."

Fortune

The student loan forgiveness program is about to face a showdown before the Supreme Court

The Supreme Court will start reviewing two cases that challenge the legality of Biden’s student loan forgiveness plan Tuesday.

Fortune

An error email leaves 9 million student loan borrowers in limbo

Millions of borrowers thought they were approved for debt relief, Federal Student Aid says it was a mistake.

WEKU

What's next now that Biden’s student loan plan has been blocked by court

The Biden administration is no longer accepting applications for student loan forgiveness after a federal court blocked the administration’s plan.

Tribune News Service

How Biden's student-debt relief is helping these borrowers: 'I can pay rent and utilities'

For some of the 43 million federal student loan borrowers, President Joe Biden's cancellation of $10,000 to $20,000 in student loan debt, announced Wednesday, could be life-changing.

The Philadelphia Inquirer

How Biden’s student-debt relief is helping these borrowers: ‘I can pay rent and utilities’

PHILADELPHIA -- For some of the 43 million federal student loan borrowers, President Joe Biden’s cancellation of $10,000 to $20,000 in student loan debt, announced last week, could be life-changing.

The Philadelphia Inquirer

Biden cancels up to $20K in student loans for Pell Grant recipients, $10K for millions of others

The White House also extended the moratorium on monthly student loan payments and interest through Dec. 31.

Axios

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