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The Biden administration announced on Friday an additional round of student loan cancellations, affecting 12,000 more people in Ohio.
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The loan servicing giant has agreed to cancel student loan debts owed by roughly 66,000 borrowers as part of a settlement reached with 39 state attorneys general.
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President Biden extended relief for federal student loan borrowers for an additional 90 days because borrowers are "still coping with the impacts of the pandemic." Payments now resume May 1.
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Stranded credits are credits those students have earned but cannot access because of money they owe their school. Students who have debt will be able to re-enroll at their original school or one of the seven others. The participating institutions agree to settle the institutional debt and release the transcript to any of those other seven partner organizations.
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The first director of the Consumer Financial Protection Bureau Richard Cordray will be overseeing federal student loans. And in that role, he will be figuring out how to deliver on promise President Biden made on student debt.
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The U.S. Department of Education says it is scrapping a controversial, Trump-era policy that granted only partial student loan relief to borrowers who were defrauded by private, for-profit colleges.
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Ohio State University president Kristina Johnson is elaborating on short-term plans to get campus life back to normal and longer-term efforts to help…
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In her first "State of the University" address, Ohio State president Kristina Johnson said the university is moving toward ensuring all undergraduates…
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A bill is being introduced in the Ohio Legislature that would halt the collection of student and medical debt owed to the state's universities and…
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Following an official action from President Biden Wednesday, the Education Department extended pandemic relief from payments for about 41 million federal student loan borrowers through Sept. 30.