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The federal government is discharging $37 million in student loans for over 1,200 former students who attended the University of Phoenix. The action applies to borrowers who enrolled in Phoenix ...
The Biden administration is canceling nearly $37 million of federal student loan debt for more than 1,200 borrowers who attended the University of Phoenix because it found that the for-profit ...
The Biden administration approved another round of student debt discharge for more than 78,000 borrowers under the public service loan forgiveness (PSLF) program that impacts teachers, nurses ...
The University of Phoenix was one of 153 institutions included in student loan cancellation due to alleged fraud. The class action was brought by a group of more than 200,000 student borrowers in 2019, assisted by the Project on Predatory Student Lending, part of the Legal Services Center of Harvard Law School. [92]
February 21, 2024 at 8:20 AM. The Biden administration has discharged another $1.2 billion in student loan debt under a key provision of the Saving on A Valuable Education, or SAVE income-driven ...
The US first major government loan program was the Student Loan Marketing Association (Sallie Mae), formed in 1973. [clarification needed] Before 2010, federal loans included: loans originated and funded directly by the Department of Education (DOE) government guaranteed loans originated and funded by private investors.
March 21, 2024 at 2:55 PM. President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. However, only certain borrowers ...
To get student loans discharged, you'll need to prove that they cause you "undue hardship." Borrowers can choose between Chapter 7 and Chapter 13 bankruptcy, but they must file a separate ...
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