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.
Dan Engelhard was recently named 2021 Professional of the Year by the Heartland Credit Union Association (HCUA). Engelhard is chief lending officer (CLO) at $874.2 million asset Mazuma Credit...
House Democrats recently passed the Build Back Better Act, President Joe Biden's signature spending bill with investments in key progressive causes like child care, health care and renewable...
Family, staying active, veterans, and our country. I’ve been married to my wife, Kelly, for 29 years, with three kids, four dogs, and one adoptive cat. I’m an...
An income-driven repayment plan is one way to get automatic student loan forgiveness. Income-driven repayment plans include Income-Based Repayment (IBR), Pay As You Earn (PAYE), Revised...
Prepare for the end of student loan relief. Effective January 31, 2022, temporary student loan forbearance due to the Covid-19 pandemic will disappear, and federal student...
