McMahon said her agency is working through thousands of pending cases tied to the PSLF buyback program.

If forgiveness is implemented or the litigation is resolved, borrowers will have 60 days after that before their payments ...

For student loan borrowers, relief is finally here – on Oct. 17, the Department of Education launched its student loan ...

The Department of Education announced a new round of student loan forgiveness on April 12, 2026. Find out who qualifies for ...

Payments made during forbearance or deferment, including the almost two-year pause on the Saving on a Valuable Education plan ...

The relief will be processed after the March 5 opt-out deadline. It comes as the Education Department prepares to implement its broader repayment overhaul. Some student-loan borrowers are getting an ...

The change affects borrowers using the Public Service Loan Forgiveness (PSLF) buyback program.

During President Donald Trump's first year of his second term, the Department of Education forgave the loans of an estimated 117,280 borrowers through the Public Service Loan Forgiveness program. As ...

Since 2005, student loan debt has increased by more than tenfold, growing from roughly $160 billion to over $1.7 trillion currently. During his term, President Biden forgave approximately $188 billion ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Kent Nishimura / Los Angeles Times ...

WASHINGTON, DC - FEBRUARY 28: People rally in support of student loan forgiveness in front of the U.S. Supreme Court on February 28, 2023 in Washington, DC Several student loan forgiveness programs ...