Hanneh Bareham

CFEI℠ | Loans and debt relief reporter @Bankrate. @unccharlotte alum. ✉️: [email protected]. Words in @YahooFinance, @CNBC, @BusinessInsider etc.

[Mike Pierce @millennial_debt]

[BREAKING] A federal judge in MO just halted part of @POTUS's SAVE student loan repayment plan.

@usedgov may no longer cancel debt for borrowers via the new rules.

Millions continue to qualify for lower payments and a break on unpaid interest-- for now.

https://t.co/ymkAnYW6kq

[Michael Stratford @mstratford]

A pair of Obama-appointed judges have blocked key parts of Biden's new "SAVE" student loan repayment plan.

The rulings, in lawsuits led by GOP AGs, stop lower monthly payments & debt forgiveness for millions of Americans.

https://t.co/FCOpwk7O4j w/ @biancaquilan

[Hanneh Bareham @BarehamHanneh]

Do you have experience (whether negative or positive) with buy now, pay later products? If so, I want to hear from you! DMs are always open or feel free to shoot me an email at [email protected].

[Ayelet Sheffey @arsheffey]

New: @CFPB is suing student-loan company PHEAA, accusing it of illegally collecting payments from borrowers whose loans were already discharged in bankruptcy.

[President Biden Archived @POTUS46Archive]

160,000 borrowers will soon learn that their student debt has been approved for cancellation through my Administration's actions.

Education should never be a barrier to opportunity.

And I will never stop working to cancel debt, despite Republican officials' attempts to stop us.

[Hanneh Bareham @BarehamHanneh]

🧵/ According to the Education Department, today's measure brings the total amount of approved federal student loan forgiveness to $167 billion for nearly 5 million borrowers. Roughly one in 10 borrowers have qualified for some form of debt relief under president Biden.

[Hanneh Bareham @BarehamHanneh]

🧵/#Breaking The Biden-Harris Administration just announces that an additional $7.7 billion federal borrowers will be eligible for student loan debt relief. Here's who qualifies: ⬇️

[Hanneh Bareham @BarehamHanneh]

🧵/160,000 borrowers enrolled in the SAVE Plan, PSLF or another income-driven repayment (IDR) plan will be eligible. The forgiveness stems from long-term fixes that the administration has been making to pre-exisiting federal debt relief programs.

[Hanneh Bareham @BarehamHanneh]

In Chicago for @SABEW! So excited to learn from some brilliant journalists and borrow wisdom from some of the brightest minds in the industry.

[U.S. Department of Education @usedgov]

BREAKING: The Biden-Harris Administration is announcing $5.8 billion in additional student loan debt relief for 77,700 borrowers - the result of fixes to the Public Service Loan Forgiveness (PSLF) program.

https://t.co/Bcg6EWoDEn

[Hanneh Bareham @BarehamHanneh]

Yesterday, the Biden-Harris administration announced that it will be forgiving $5.8 billion in federal student loan debt under the PSLF regulatory amendments.

Read my latest on the situation: https://t.co/J5ohuNeSnK

[Hanneh Bareham @BarehamHanneh]

How have you been impacted by this year’s FAFSA complications? I want to hear from you! DMs are open.

[Hanneh Bareham @BarehamHanneh]

I highly recommend borrowers attend @nasfaa's webinar on SAVE, especially if you're not sure you qualify for student loan forgiveness!

[U.S. Department of Education @usedgov]

On February 22 at 8 PM ET, join @FAFSA for a webinar on the Saving on a Valuable Education (SAVE) Plan - the most affordable student loan repayment plan ever.

Register: https://t.co/Q9IW1MtZJf

#SAVEonStudentDebt

[Hanneh Bareham @BarehamHanneh]

BREAKING: This morning, the Biden-Harris administration announced that it will be forgiving $1.2 billion in federal student loans.

Over 150,000 borrowers enrolled in the SAVE Plan will qualify for the relief measure.

https://t.co/j1YHYfgMQN

[Hanneh Bareham @BarehamHanneh]

I'm working on a story about loan default rates and want to better gauge general knowledge + experience with defaulting.

That being said, do you know what loan default is?

[Hanneh Bareham @BarehamHanneh]

Why did buy now, pay later loans and apps seemingly explode out of nowhere and why are consumers so drawn to them?

I dug deep into BNPL usage to better understand the average American consumer and what this trend tells us about the future of lending.
https://t.co/DGhJhgkzRI

[Hanneh Bareham @BarehamHanneh]

5/ As of now, no action is needed from those who suspect they've been harmed by illegal collection practices.

In the meantime, borrowers can be on the lookout for new information on the status of the order from Portfolio Recovery Associates or from the CFPB.

[Hanneh Bareham @BarehamHanneh]

🧵/Today, the @CFPB charged debt collection agency, Portfolio Recovery Associates, with numerous violations against the Fair Credit Reporting Act. It was also found guilty of violating its CFPB order from 2015. Here's what this means:

[Hanneh Bareham @BarehamHanneh]

4/ The court has yet to publicly announce the status of this proposal; if accepted, qualifying borrowers likely won't be receiving a restitution payment for a little while.

[Hanneh Bareham @BarehamHanneh]

3/ If the CFPB's proposal is ordered, Portfolio Recovery Associates will be on the hook for over $12 million in damages to impacted borrowers. It will also be required to deposit $12 million into the CFPB's victims relief fund.