DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
They're - 1 Cardona — - 1 Donald Trump's - 1 Joe Biden's - 1 it's - 1 MOHELA - 1 Scott Giles - 1 servicers - 1
Top related locs:
Wall Silicon New York Sweet v New Jersey
Top related orgs:
Service - 1 Education Department - 1 Donald Trump's Education Department - 1 Department - 1 Consumer Financial - 1 Bureau - 1 Democratic - 1 New - 1

Search resuls for: "Cardona —"


9 mentions found


☆ 260,000 student-loan borrowers who were approved for debt relief might be pushed back into repayment anyway, a legacy advocacy group says
  + stars: | 2023-09-23 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
Student-loan borrowers who were part of a 2022 settlement are still waiting for their relief to be processed. A legal advocacy group said a student-loan company is not carrying out the settlement terms correctly. It said some borrowers within the settlement were told they have to resume payments in October. The group said that forcing borrowers with pending borrower defense claims back into repayment "violates the court-approved Settlement Agreement and applicable regulations." The federal pause on student-loan payment ended on September 1 when interest began accruing again on borrowers' balances.
Persons: They're, Cardona —, Donald Trump's, Joe Biden's, it's, MOHELA, Scott Giles, servicers, Cardona, Virginia Foxx, Sen, Bill Cassidy —, —, New Jersey Sen, Bob Menendez, Secretary Miguel Cardona Organizations: Service, Education Department, Donald Trump's Education Department, Department, Consumer Financial, Bureau, Democratic, New, Secretary, Public, The Education Department Locations: Wall, Silicon, New York, Sweet v, New Jersey
☆ There's another legal route Biden can use to cancel student debt, and the Supreme Court's latest move shows the justices could be open to it
  + stars: | 2023-04-16 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +9 min
The Supreme Court rejected an appeal to halt debt relief for borrowers who say they were defrauded. The Higher Education Act has been floated as another way for Biden to pursue his debt-relief plan. The Supreme Court is already considering whether Biden's plan to cancel up to $20,000 in student debt for federal borrowers is legal. Activists and students protest in front of the Supreme Court during a rally for student-debt cancellation in Washington, DC, on February 28. Still, along with the lawsuits against broad debt relief, the payment pause is also being challenged — leaving millions of borrowers in financial limbo.
☆ $6 billion in student-loan forgiveness for 200,000 borrowers just cleared another hurdle — and all members involved in the years-long lawsuit can now get relief
  + stars: | 2023-04-05 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +3 min
An appeals court rejected three companies' request to pause relief for borrowers in the Sweet vs. Cardona lawsuit. Last year, a federal judge signed off on a settlement in the case that would give 200,000 borrowers $6 billion in debt relief. Those borrowers filed a lawsuit in 2019 over stalled borrower defense claims against the schools they attended. Cardona agreed to a settlement last summer in the case that would give 200,000 impacted borrowers $6 billion in debt relief. Borrowers who filed a claim against a school not included on that list will receive relief based on the following timeline:
☆ Elizabeth Warren wants Biden's Education Department to go beyond broad student-loan forgiveness and crack down on the institutions that cause borrowers' debt loads to spiral
  + stars: | 2023-03-27 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +7 min
Sen. Elizabeth Warren sent a letter to the Education Department with recommendations to better protect student-loan borrowers. Biden's Education Department has reformed the borrower defense to repayment, which are claims students can file if they believe they were defrauded by the school they attended. In her letter, Warren urged Cardona to ensure predatory schools cannot receive federal aid. It aimed to prevent students from borrowing federal loans for programs they probably wouldn't be able to pay off. But in 2010, former President Donald Trump repealed the rule, and Biden's Education Department pushed off reinstating it until 2024.
☆ A federal judge just ruled $6 billion in student-debt cancellation can move forward for 200,000 defrauded borrowers, saying the decision will 'allow them to not only to move on, but also to move up, e
  + stars: | 2023-02-27 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
A federal judge ruled that $6 billion in student-debt relief for 200,000 borrowers can move forward. Since the lawsuit wasn't resolved under Trump, President Joe Biden took it on and agreed to a settlement to give borrowers relief. And it gives plaintiffs, who have languished in borrower-defense application limbo, their long-awaited relief," Alsup wrote in his decision. "They have already waited years for the resolution of their borrower defense ('BD') applications, some of which have been pending since 2015," the filing said. Along with automatic relief for 200,000 borrowers, the settlement also allows for a streamlined review of another 64,000 borrower defense applications.
☆ 2 for-profit companies want to stop $6 billion in student-loan forgiveness from reaching 200,000 borrowers in an already-approved settlement
  + stars: | 2023-01-17 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
A judge signed off on a settlement last year giving 200,000 defrauded borrowers $6 billion in student-debt relief. A group of companies last week filed an appeals notice to stop the relief from going through. They argued their reputations will be harmed, and they were not given "due process" after being included in the settlement. In November, federal Judge William Alsup granted final approval of a lawsuit — Sweet v. Cardona — that would give over $6 billion in student-debt relief to 200,000 borrowers who were defrauded by a school they attended. Prior to his final ruling, Alsup gave schools the chance to intervene, but he ultimately rejected their arguments.
☆ 200,000 student-loan borrowers were just granted $6 billion in debt relief after a federal judge approved a settlement with Biden's Education Department
  + stars: | 2022-11-17 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
A federal judge granted final approval of a settlement involving defrauded student-loan borrowers. 200,000 borrowers are expected to get $6 billion in debt relief, and the department will review other pending claims. The 2019 lawsuit was filed in response to a backlog of borrower defense claims that hadn't been processed. The Secretary's improper delay and suspension of processing claims for debt relief has directly led to a specific economic injury to each class member. "It immediately delivers certainty and relief to borrowers who have been waiting years for a fair resolution of their borrower defense claims," she added.
☆ How to find out your new monthly student-loan payment after applying for Biden's debt cancellation
  + stars: | 2022-10-18 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +3 min
But he emphasized that borrowers with remaining balances still have to resume payments next year. Once borrowers apply, their student-loan company should notify them of their new monthly payments. But Biden also reminded borrowers that the student-loan payment pause is not going to last forever. "In relieving student debt, we're also resuming a student loan program that we paused during the pandemic," Biden said during his Monday remarks. If you have a remaining balance, your loan company will let you know what your new monthly payment will be once payments resume in January.
☆ 8 million student-loan borrowers have already applied for debt cancellation 'without a glitch,' Biden says
  + stars: | 2022-10-17 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +3 min
Biden officially launched the student-loan forgiveness application website. He said 8 million borrowers had applied during the beta testing period "without a glitch." During his remarks, Biden noted that over 8 million borrowers applied over the weekend "without a glitch or any difficulty." "It means more than 8 million Americans are starting this week on their way to receiving life changing relief," Biden said. The department recommends applying before mid-November to ensure relief hits borrowers' accounts before payments resume in January 2023.
0 next >>
Total: 9