Massachusetts Senator Elizabeth Warren has intensified her scrutiny of a major student loan servicer, MOHELA, accusing the company of hindering borrowers’ access to debt cancellation and mismanaging their monthly bills. Warren has called for the CEO of MOHELA to testify before Congress to address these issues. In a letter addressed to Scott Giles, the CEO … Read more
In a move aimed at easing the burden of student debt and making higher education more accessible, the Biden administration has put forth key proposals in its budget plan. Among these are the elimination of origination fees on student loans and the permanent exemption of certain types of student loan forgiveness from taxation. The proposal … Read more
A new federal student loan repayment plan known as the Saving on a Valuable Education (SAVE) plan has the potential to make homeownership more attainable for Californians burdened by student debt. The plan, introduced by the Biden administration, promises to significantly reduce borrowers’ monthly payments, with some even facing a $0 bill. According to experts, … Read more
The looming question on the minds of countless student loan borrowers across the nation pertains to the tax implications of the Student Aid Validation for Education (SAVE) program. As the SAVE initiative garners attention and confusion, borrowers are seeking clarity regarding the taxability of their forgiven student loans. Under the current tax code, forgiven student … Read more
As October kicked off, American college students were faced with a mixed bag of news regarding their student loans. On October 1, federal student loan repayments resumed, marking the end of a three-year hiatus due to the COVID-19 pandemic. However, just days later, on October 4, the Biden-Harris administration introduced a new plan to forgive … Read more
The Supreme Court dismissed President Joe Biden’s student loan forgiveness debt relief. On Monday, a federal judge rejected a plea from two conservative organizations to stop the Biden administration from canceling the student loan forgiveness debt relief of more than 800,000 citizens who have been making payments for more than 20 years. In a complaint … Read more
The Pennsylvania Department of Education (PDE) and the Pennsylvania Higher Education Assistance Agency (PHEAA) are collaborating to emphasize the importance of proactive steps that borrowers can take to ensure a smooth transition back into repayment. Pennsylvania Department of Education (PDE) and PHEAA’s Collaborative Efforts Offer Valuable Repayment Guidance As indicated in the article of My … Read more