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Joint Memo: Recommendation to Prohibit Offset of Refundable Tax Credits that Support Low-Income Workers and Families

February 10, 2022

The Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) are poised to lift record numbers of children and low-income workers out of poverty and to put money in the pockets of families unable to afford sufficient food or rent. But unless Congress acts, payments intended for millions of workers and children will…

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New Process to Discharge Student Loans in Bankruptcy

December 12, 2022

Effective November 17, 2022, the Department of Justice and Department of Education issued a Guidance that should allow bankruptcy debtors to be far more successful in obtaining an undue hardship discharge of their student loans. This brief explains the Guidance’s significance and the process for seeking a discharge of student loans.

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Get Up to $20,000 of Your Student Loans Canceled

October 20, 2022

On August 24, 2022, President Biden announced widespread student debt cancellation. If you received a Pell grant, you may be able to get up to $20,000 in your loans canceled. If you didn’t receive a Pell grant, you may still be able to get up to $10,000 in loans canceled.

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Three Tax Fixes to Improve the Federal Student Aid Program

March 17, 2020

Stop Taxing Discharged Student Loans as Income. Stop Taxing Pell Grants as Income. End Overly Punitive Tax Offsets for Struggling Borrowers.

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Education Department's Decades-Old Debt Trap: How the Mismanagement of Income-Driven Repayment Locked Millions in Debt

March 1, 2021

Data obtained by NCLC shows that the total number of borrowers enrolled in Income-Driven Repayment plans who have ever received cancellation is just 32.

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Almost Two in Three Navient Borrowers Making Payments During COVID-19 Federal Student Loan Payment Pause Are Underwater

August 1, 2021

Analysis of data reveals that nearly two-thirds (63%) of borrowers in IDR who made at least one payment during the COVID-19 payment pause were underwater, meaning that they have not repaid even $1 of their original balance.

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Search Results

Joint Memo: Recommendation to Prohibit Offset of Refundable Tax Credits that Support Low-Income Workers and Families

New Process to Discharge Student Loans in Bankruptcy

Get Up to $20,000 of Your Student Loans Canceled

Three Tax Fixes to Improve the Federal Student Aid Program

Education Department's Decades-Old Debt Trap: How the Mismanagement of Income-Driven Repayment Locked Millions in Debt

Almost Two in Three Navient Borrowers Making Payments During COVID-19 Federal Student Loan Payment Pause Are Underwater