A new Freedom of Information Act request has revealed a heavily-redacted memo on the president’s legal authority to cancel student loans unilaterally. The seven-page memo is titled “The Secretary’s Legal Authority for Broad-Based Debt Cancellation,” is addressed to U.S. Secretary of Education Miguel Cardona, is written by the acting general counsel of the U.S. Department of Education, and is dated April 5, 2021. Here’s what happened and here’s what it means for your student loans.
Josh Mitchell’s profile of Al Lord is a compelling look into the making of the federally guaranteed student-loan program that owns 92% of student loans outstanding...
At a press conference yesterday, House Speaker Nancy Pelosi (D-CA) threw cold water on the argument that President Biden has the legal authority to cancel student loan debt...
The Department of Education is planning to continue addressing reforms to the administration of the student loan program -- based partly on the input of two...
Oregon City commissioners provided preliminary approval to a plan from city staff to borrow money from the federal government after voters rejected increasing their baseline water...
Students who start college in the U.K. next year could still be repaying student loans into their sixties, under new plans announced by the British government...
