Alex Potemkin | E+ | Getty Images More than 74,000 federal student loan borrowers are stuck in a backlog of applications for a popular student loan forgiveness program. That program, called Public Service Loan Forgiveness Buyback, allows borrowers pursuing PSLF to get their debt wiped away sooner than they might have expected. Signed into law…
California Attorney General Rob Bonta speaks at a press conference in February 2024. CNBC Nearly two dozen attorneys general, and a wide range of consumer groups and advocates, have registered their opposition to the Trump administration‘s proposed regulation that could narrow eligibility for a popular student loan forgiveness program for government and nonprofit workers. The…
The Trump administration is moving to “prevent benefits” for some student loan borrowers under the popular Public Service Loan Forgiveness program, according to an announcement on Monday. The U.S. Department of Education said it issued a notice of proposed rulemaking on its regulations to halt loan forgiveness under PSLF for employees “of organizations that are…
Yurou Guan | Moment | Getty Images Under the Trump administration, more than 72,000 student loan borrowers who are likely eligible for debt forgiveness are stuck in a backlog of applications waiting for the relief. Some of them, like 46-year-old April Osteen, owe just a single payment. Others, like Dan Carrigg of Rhode Island, have…
Jose Luis Pelaez Inc | Digitalvision | Getty Images There’s a way for student borrowers pursuing Public Service Loan Forgiveness to get their debt wiped away sooner than they might have expected. But that program, called PSLF Buyback, has been experiencing some challenges of late. Chief among them: As of July 31, there’s a 72,730-person…
Economist Marc Sumerlin, one of nearly a dozen reported contenders for Federal Reserve chair, said Thursday he’d be interested in the job and believes an aggressive interest rate cut would be appropriate. Sumerlin, a former senior economist under then-President George W. Bush, said on CNBC that lowering the Fed’s key rate would be an easy…
