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  2. Class-action settlement provides $7.5 billion in student loan ...

    www.aol.com/finance/class-action-settlement...

    Loaded 0%. The Education Secretary on Thursday announced a settlement of claims that would give roughly 264,000 student loan borrowers approximately $7.5 billion in debt relief. The settlement ...

  3. Sweet Settlement Wipes Out $6 Billion in Student Loan Debt - AOL

    www.aol.com/finance/sweet-settlement-wipes-6...

    June 30, 2022 at 6:00 AM. An estimated 200,000 defrauded former college students are set to have $6 billion in federal loan debt wiped clean as part of a proposed settlement agreement filed June ...

  4. Biden administration discharges another $9 billion in student ...

    www.aol.com/finance/biden-administration...

    President Biden today wiped away an additional $9 billion in student debt. Since he took office, his administration has discharged $127 billion in student loan debt for more than 3.5 million ...

  5. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]

  6. Debt settlement - Wikipedia

    en.wikipedia.org/wiki/Debt_settlement

    Debt settlement is the process of negotiating with creditors to reduce overall debts in exchange for a lump sum payment. A successful settlement occurs when the creditor agrees to forgive a percentage of the total account balance. Normally, only unsecured debts, not secured by real assets like homes or autos, can be settled.

  7. Ronda Lee. December 6, 2023 at 5:56 PM. The Biden administration discharged another $4.8 billion in student loan debt for more than 80,000 borrowers, the Education Department announced Wednesday ...

  8. National Foundation for Credit Counseling - Wikipedia

    en.wikipedia.org/wiki/National_Foundation_for...

    The National Foundation for Credit Counseling (NFCC), founded in 1951, is the largest and longest-serving nonprofit financial counseling organization in the United States. NFCC member agencies provide access to financial counseling services for consumers. The organization's headquarters is in Washington, DC [1] and is led by Mike Croxson, their ...

  9. Student loan forgiveness: Official application is live - AOL

    www.aol.com/finance/student-loan-forgiveness...

    Who qualifies for $20,000 in student loan debt forgiveness? Borrowers who received Pell Grants and make less than $125,000 as individuals or less than $250,000 as married couples are eligible to ...

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