Student Loans

Ed. Dept. Discharges All Remaining Loans for ITT Tech Students

The Department of Education announced yesterday that it is canceling all the remaining federal student loans for anyone who attended ITT Technical Institute between 2005 and its closure in 2016. This will result in the cancellation of loans for 208,000 individuals who collectively owed $3.9 billion on those outstanding debts. …

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Groups Call on Biden to Extend Student Loan Payment Pause

A group of 176 different organization and advocacy groups sent a letter to President Biden yesterday, calling on him to extend the student loan payment moratorium that is set to expire on August 31, saying that individuals are not “financially prepared” to resume making payments into a system “plagued by …

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Report Calls for ‘Broad-Based’ Cancellation of Student Loans

A report released by the National Consumer Law Center and the Center for Law and Social Policy (CLASP) calling for “broad-based” cancellation of student loans, extending the moratorium on making student loan payments, and “strengthening” repayment options, as a means of helping individuals with student loan debts while also closing …

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