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Modernizing Federal Student Loan Servicing

By: Richard Cordray, Chief Operating Office, Federal Student Aid, U.S. Department of Education This spring, Federal Student Aid (FSA) will begin improving how individual...

Biden-Harris Administration Approves $1.2 Billion in Loan Forgiveness for Over 150,000 SAVE Plan Borrowers

The Biden-Harris Administration today is announcing that it will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible...

Biden-Harris Administration Takes Next Steps on Rulemaking to Provide Debt Relief to Student Loan Borrowers Experiencing Hardship

The Biden-Harris Administration today released new proposed regulatory text focused on providing debt relief for borrowers facing hardship on their student loans. ...

Biden-Harris Administration Continues Rulemaking Process to Provide Debt Relief for More Student Loan Borrowers

The Biden-Harris Administration today announced that it will hold an additional negotiated rulemaking session on February 22 and 23 focused on...

Biden-Harris Administration Takes Additional Action to Hold Student Loan Servicers Accountable for Failing to Meet Contractual Obligations

The Biden-Harris Administration today announced it is withholding payments to three student loan servicers as part of the U.S. Department of...

Seven Things to Know About the Student Loan Payment Count Adjustment

Borrowers Have More Time to Consolidate Loans to Benefit from the Adjustment By: Federal Student Aid Chief Operating Officer Richard Cordray Since this summer, the...

Biden-Harris Administration Announces Framework for Student Loan Servicer Accountability To Protect Borrowers Nationwide

The Biden-Harris Administration is fully committed to supporting student loan borrowers as they navigate return to repayment and fixing problems in the...

U.S. Department of Education Announces Withholding of Payment to Student Loan Servicer as Part of Accountability Measures for Harmed Borrowers

U.S. Secretary of Education Miguel Cardona and Federal Student Aid (FSA) Chief Operating Officer Rich Cordray issued the following statements on actions taken...

Biden-Harris Administration Continues Efforts to Provide Debt Relief for More Student Loan Borrowers

The Biden-Harris Administration today continued its critical efforts to deliver student debt relief to as many borrowers as possible through negotiated...

Biden-Harris Administration Announces More Than 4 Million Student Loan Borrowers Are Enrolled in the New SAVE Plan

The U.S. Department of Education today announced more than 4 million student loan borrowers are enrolled in the Biden-Harris Administration's new Saving on...

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