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Biden Administration Hid Millions of Defaulted Student Loans
With official data of loan nonperformance (defaults and delinquencies) on federal student loans being kept hidden, the only data available to the public indicated that over 99 percent of student loans were being paid and a mere fraction of 1 percent of borrowers were behind. The reality was vastly different.
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Biden administration cancels $7.7 billion in student loan debt for 160,000 borrowersThis article originally appeared on Austin American-Statesman: Biden administration cancels $7.7 billion in student loan debt for 160,000 borrowers ...
Yet, while illegal immigration has gotten considerable attention, millions of Americans also are suffering from the chaos Biden created in another realm. Student loans. Need a break? Play the ...
The Department of Education told BI that it hopes to clear the backlog of income-driven repayment applications "over the next ...
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The GOP Has Declared War on Student LoansJoe Biden spent much of his presidency trying to change how student loan debt works; but nothing much changed. Biden promised a student loan forgiveness plan during his 2020 campaign, following a ...
Last month, the Department of Education announced it will resume collecting on defaulted student loans. It hadn’t done so ...
The most drastic change is not just to collection enforcement, but to the entire structure of the federal student loan system ...
As with many other things, Black student loan debt carriers are overrepresented relative to their share of the population ...
In March, he narrowed who qualifies for a program Biden used to cancel billions in loans ... will shepherd the student loan program responsibly and according to the law, which means helping ...
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