The Latest Breaking News from Persis Yu

President-elect Donald Trump has not said what he would do on student loan forgiveness, leaving millions of borrowers facing uncertainty over what will happen with their payments once President Joe Biden leaves office

A federal appeals court has allowed the U.S. Education Department to move ahead with a plan to lower monthly payments for millions of student loan borrowers, putting on hold a ruling last week by a lower court

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

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

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.

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