Last October, the Biden administration announced executive actions that would bring most loans managed by the Education Department "closer to forgiveness," the Department of Education said. These ...

Like the Bank of North Dakota, the new Philly institution would partner with existing private lenders including community development financial institutions, United Bank (Philly’s only Black-owned ...

The idea is that state deposits currently sitting in large international banking institutions would instead go into the public bank, which could then provide what Murphy described as “below market ...

Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to ...

Higher Education First wave of public servants awarded student loan forgiveness through temporary program. The Education Department has notified 30,000 people of their success in this initial round.

Under DeVos, the Department of Education warned the transition will be chaotic when student loan payments resume. In its 2020 annual report, the department said it expects loan servicers and the ...

Advocates, including the Philadelphia Public Bank Coalition — whose supporters include POWER, the Philadelphia Area Cooperative Alliance and Reclaim Philadelphia — argue this model could save the city ...

The Department of Education has approved $42 billion in student loan forgiveness for more than 615,000 public service workers since October 2021. ... like bank-based loans made with federal subsidies.

President Joe Biden announced a program to provide student debt relief to millions of borrowers of federal loans. The plan would offer up to US$10,000 in forgiveness for people who earn less than ...

Over 800 days ago, Gov. Phil Murphy issued Executive Order 91 authorizing the creation of a public bank implementation board. At his press conference in Newark on Nov. 12, 2019, he said, “With ...