Student Loan Programs
October 30, 2023Biden-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 rulemaking under the Higher Education Act by releasing draft regulatory text for specific categories of borrowers and outlining next steps to consider relief options for borrowers experiencing hardship.
October 30, 2023U.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 by the U.S. Department of Education (Department) after student loan servicer errors were found by the Department.
September 5, 2023Biden-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 A Valuable Education (SAVE) income-driven repayment (IDR) plan, including those who were transitioned from the previous Revised-Pay-As-You-Earn (REPAYE) plan.
August 22, 2023Biden-Harris Administration Launches Most Affordable Repayment Plan Ever, Transforming Income-Driven Repayment by Cutting Undergraduate Payments in Half and Preventing Unpaid Interest Accumulation
The Biden-Harris Administration today announced that it has fully launched its updated income-driven repayment application tool on StudentAid.gov and that student loan borrowers can now officially enroll in the Saving on A Valuable Education (SAVE) plan, the most affordable repayment plan ever created.
June 30, 2023FACT SHEET: President Biden Announces New Actions to Provide Debt Relief and Support for Student Loan Borrowers
No President has fought harder for student debt relief than President Biden, and he's not done yet. President Biden will not let Republican elected officials succeed in denying hardworking Americans the relief they need.
June 30, 2023Secretary Cardona Statement on Supreme Court Ruling on Biden Administration's One Time Student Debt Relief Plan
Today, U.S. Secretary of Education Miguel Cardona issued the following statement on the Supreme Court's ruling on the Biden Administration's one-time student debt relief plan:
February 28, 2023
Today, U.S. Secretary of Education Miguel Cardona issued the following statement after the conclusion of oral arguments before the Supreme Court on the Department’s one-time student debt relief program:
January 9, 2023New Proposed Regulations Would Transform Income-Driven Repayment by Cutting Undergraduate Loan Payments in Half and Preventing Unpaid Interest Accumulation
Today, the U.S. Department of Education (Department) proposed regulations to reduce the cost of federal student loan payments, especially for low and middle-income borrowers.
November 10, 2022Statement from Secretary of Education Miguel Cardona on District Court Ruling on the Biden-Harris Administration Student Debt Relief Program
U.S. Secretary of Education Miguel Cardona issued the following statement regarding today’s district court ruling on student debt relief:
October 26, 2022Education Department Unveils Final Rules to Protect Veterans and Service Members, Improve College Access for Incarcerated Individuals and Improve Oversight When Colleges Change Owners
Today, the U.S. Department of Education (Department) announced final rules that will better protect veterans and service members from predatory recruitment practices, implement access to Pell Grants for incarcerated students in high-quality prison education programs, and increase accountability when colleges and universities change ownership.