Jillian Berman

More than 150,000 borrowers who have been in repayment on their student loans for at least 10 years will have their debt cancelled, the Biden administration...

The Biden administration announced it would be canceling $1.2 billion in debt for 153,000 borrowers

The company is transferring servicing of a batch of private loans to MOHELA, which has been dogged by complaints in recent months.

The report, from advocacy groups, comes amid widespread complaints about the return to repayment.

The GDP of the United States grew by 2.5% last year, the unemployment rate stands at an incredibly low 3.8% and the stock market has rallied to new highs.

A major initiative by the Biden administration to lower student-loan payments and provide debt cancellation to more borrowers is in jeopardy after two courts temporarily blocked parts of the plan.

The settlement resolves a lawsuit filed by the Consumer Financial Protection Bureau in 2017, which claimed the company led borrowers astray.

The Biden White House took big swings at student-loan relief, but its efforts were complicated by opposition.

New research suggests borrowers whose loans were canceled were less well-off than those still paying.

As Donald Trump takes the oath of office, student-loan borrowers face uncertainty about the future of their debt.