The Latest Breaking News from Persis Yu

Wage garnishing over defaulted student loans begins in January, Trump admin warns

Millions of borrowers are considered in default, meaning they are 270 days past due

The Independent UK · Dec 23, 2025

Education Department reopens applications for student loan repayment plans

The U.S. Education Department reopened online applications Wednesday for income-driven repayment plans for student loan borrowers

The Independent UK · Mar 26, 2025

Consider freezing your credit right now

DOGE’s activities highlight your financial data’s vulnerability

Salon · Feb 21, 2025

A 'student loan cliff' could bring the the most widely predicted recession ever to life

"There absolutely must be a plan to avoid the economic devastation."

Fortune · Jun 21, 2023

The student loan forgiveness program is about to face a showdown before the Supreme Court

The Supreme Court will start reviewing two cases that challenge the legality of Biden’s student loan forgiveness plan Tuesday.

Fortune · Feb 28, 2023

An error email leaves 9 million student loan borrowers in limbo

Millions of borrowers thought they were approved for debt relief, Federal Student Aid says it was a mistake.

WEKU · Dec 14, 2022

What's next now that Biden’s student loan plan has been blocked by court

The Biden administration is no longer accepting applications for student loan forgiveness after a federal court blocked the administration’s plan.

Tribune News Service · Nov 11, 2022

How Biden's student-debt relief is helping these borrowers: 'I can pay rent and utilities'

For some of the 43 million federal student loan borrowers, President Joe Biden's cancellation of $10,000 to $20,000 in student loan debt, announced Wednesday, could be life-changing.

The Philadelphia Inquirer · Aug 31, 2022

How Biden’s student-debt relief is helping these borrowers: ‘I can pay rent and utilities’

PHILADELPHIA -- For some of the 43 million federal student loan borrowers, President Joe Biden’s cancellation of $10,000 to $20,000 in student loan debt, announced last week, could be life-changing.

The Philadelphia Inquirer · Aug 31, 2022

Biden cancels up to $20K in student loans for Pell Grant recipients, $10K for millions of others

The White House also extended the moratorium on monthly student loan payments and interest through Dec. 31.

Axios · Aug 24, 2022