Student loans

5 Questions Answered About Biden’s Student Loan Forgiveness Plan : NPR

Last week, President Biden outlined a sweeping plan to forgive up to $20,000 in federal student loan debt per borrower. To get this maximum, individuals must earn less than $125,000 per year, or less than $250,000 per year for couples, and must have received a Pell grant in college. Non-Pell borrowers who meet these income […]

Student loans

Here’s everyone who qualifies after the White House announces an additional $1.5 billion pardon

Topline On Tuesday, the White House canceled $1.5 billion in student loan debt for participants at the now-closed Westwood College, bringing total relief under the Biden administration to $34 billion even before the sweeping recovery plan. President Joe Biden’s loan cancellation unveiled last week does not go into effect. . President Joe Biden, left, and […]

Student loans

Fewer student loans means more purchasing power

A good credit rating, work history, and the buyer’s debt-to-equity ratio are all factors that go into applying for a mortgage. CORPUS CHRISTI, Texas — Millions more Americans will likely soon have more buying power when it comes to home loans. President Joe Biden has announced his student loan forgiveness plan that could eliminate between […]

Student loans

Republican AGs and black money groups plan to sue for student debt relief

Republican attorneys general and business advocacy groups are exploring ways to sue the Biden administration over its recently announced plan to forgive $10,000 in federal student loan debt for most borrowers, hoping the justice system America packed with conservatives will reverse executive action and deny much-needed aid to an estimated 40 million people. “Conservative jurists, […]

Student loans

Examining 3 of the Arguments in the Student Loan Forgiveness Debate: NPR

Student borrowers hold a rally outside the White House on August 25 to celebrate President Biden’s cancellation of student debt. The plan has sparked heated debate, including over its economic fairness. Paul Morigi/Getty Images for We the 45m hide caption toggle caption Paul Morigi/Getty Images for We the 45m Student borrowers hold a rally outside […]

Student loans

Important new details on Biden’s student loan forgiveness plan, including when to expect relief

US President Joe Biden announces student loan relief on August 24, 2022 in the Roosevelt Room of the … [+] White House in Washington, DC. – Biden announced that most U.S. college graduates who are still trying to repay their student loans will get $10,000 in relief to deal with a decades-old headache of massive […]

Student loans

Canceling student loans gives borrowers financial leeway: NPR

Americans with student loans react to President Biden’s debt cancellation plan. MARY LOUISE KELLY, HOST: The reaction continues to pour in after the announcement that the Biden administration will cancel up to $10,000 in federal student loans per borrower. And this amount goes up to 20,000 for low income Pell Grant recipients. This is a […]

Student loans

What are student loan refinance rates?

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. It’s important to keep an eye on […]

Student loans

Biden could unveil his plan on Wednesday to cancel $10,000 in student loans for borrowers earning less than $125,000

The Biden White House appears poised to make an announcement on student loan debt forgiveness on Wednesday, according to multiple published reports citing unnamed sources. A CNN report said President Joe Biden’s administration is leaning towards forgiving up to $10,000 in student loan debt per borrower for people earning less than $125,000 a year, and […]

Student loans

Biden nears decision to forgive $10,000 in student loans as allies squabble

Comment this story Comment Close White House allies are arguing over whether the administration should forgive up to $10,000 in student debt for millions of American borrowers, as President Biden nears a decision expected to come on Wednesday. With the passage of the Cut Inflation Act, White House officials have reignited talks of student debt […]

Student loans

In Depth: The Student Loan Crisis

In Depth: The Student Loan Crisis Alan Collinge, the founder of Student Loan Justice, joins Hal to talk about the growing problem of student loans in the United States. Next, Lisa Ansell from the USC Casden Institute talks to Hal about the impact of student loans on California students. Finally, hear from Dr. Liz Maines, […]

Student loans

The imminent decision to suspend student loans worries borrowers

PResident Biden’s student loan payment break is set to end in less than two weeks, but borrowers are wondering if the break will be extended for a seventh time. The pause, which first came into effect in March 2020, is scheduled to end on August 31. Although there is some evidence that the break will […]

Student loans

A hotel chain attracts new employees by paying off their student loans

The hotel chain Postillion has implemented a new strategy to attract workers to the tight labor market in the Netherlands. The hotel chain will help employees pay off student debt. For each hour worked, Postillion will donate 2.50 euros to DUO, the agency that manages student loans, AD reports. Erik-Jan Gijnaar, managing director of the […]

Student loans

Ministry of Education offers defaulting student borrowers a second chance

Drazen Zigic | Istock | Getty Images The U.S. Department of Education is giving federal borrowers who have fallen behind on their debts a chance to get current status. As part of his “New start” initiative, the 7.5 million student borrowers in default will be able to resume repayment without outstanding balance. The agency announced […]

Student loans

Preparing to apply to college this year? Here’s what you need to know about student loans.

August 18, 2022, 5:01 p.m.Updated 2 hours ago By: Sandrina Rodrigues, senior digital producer Is your child preparing to apply to college this year? Or maybe you are a student and still confused about the student loan process. COMPLETE FAFSA Fill out a Free Application for Federal Student Aid (FAFSA) helps determine which federal assistance […]

Student loans

LeBron James has a $1 billion fortune but still had a coy reaction when asked to pay off fan’s student loans

LeBron James is a man who could buy himself a small army, but he doesn’t owe anyone money just because they asked him to. Athletes can be criticized for earning way above what they should be earning, but that doesn’t mean they haven’t earned it fairly. Each athlete is paid according to the audience they […]

Student loans

7 ways to pay off student loans faster

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all opinions are our own. If you want to get rid of your student debt, but don’t have […]

Student loans

Record Debt: Tips for Managing Your Mortgage

Consumer debt topped $16 trillion for the first time in the second quarter of this year, according to The figures of the Federal Reserve Bank of New York. For mortgage borrowers, higher debt, combined with higher interest costs, means higher monthly payments and declining affordability. How many debts are there? Overall household debt topped $16 […]

Student loans

Be careful with student loans

As Michiganders prepare for the upcoming fall semester and begin paying their tuition, the Michigan Department of Treasury’s Student Assistance Team asks students and their families to be vigilant and informed when are considering student loans. “Michigan students and families cover a significant portion of their higher education costs,” said state treasurer Rachael Eubanks. “When […]

Student loans

3 reasons why some high-paying professionals like doctors and lawyers still have 7 figures of student debt they can’t pay off

Getty Images One criticism of the general student loan waiver is that it can generally benefit high earners, such as doctors. Due to the structure of the system, some graduate degree holders have debts that they cannot repay. High interest rates, long-term repayment plans and uncapped borrowing could be the reasons. Some dream jobs lead […]

Student loans

5 upcoming changes for borrowers looking to cancel their utility loan

WASHINGTON, DC – JULY 27: Student loan holders take part in a protest outside the White House staff entrance to demand that President Biden forgive student loan debt. Countess Jemal | Getty Images Entertainment | Getty Images A number of big changes are coming for borrowers applying for utility loan forgiveness. This program, signed into […]

Student loans

Refund checks, Social Security, SSI and student loans

Hello and welcome to another day of our US Finance Updates Live Blog this Friday August 12, where we will bring you information about latest financial news on the other side of the UNITED STATES. As we do every day in this space, we share the details of useful benefit plans and we also share […]

Student loans

Student loans will cost more this fall for students and parents

As students around the world prepare to return to class, they and their parents also face bills for tuition and other college expenses. It is not uncommon to take out student loans to pay for your studies. But the interest rate you will pay for these loans will increase this fall. Vicki Beam is a […]

Student loans

How much do missing student loan payments hurt credit scores?

The harsh reality is that missed payments will hurt your credit score. What is less simple is how much. NEW YORK — A US freeze on federal student loan repayments during the COVID-19 pandemic has provided vital financial reprieve for millions of Americans. But borrowers could soon be on the hook again, with the moratorium […]

Student loans

Student loan interest rates drop again as inflation and cost of living soar | Student funding

Ministers have stepped in to cut student loan interest rates in England and Wales for the second time this summer as inflation and the cost of living continue to soar. The Ministry of Education announced on Wednesday that the maximum rate will now be set at 6.3% from September. It was already due to be […]

Student loans

Student loans, stimulus payments and gas prices

Hello again and welcome to today’s news US Finance Updates Live Blog this tuesday august 9where, as always, we’ll bring you the latest financial news from around the world the United States of America.. As we do every day, we will provide you with all the information on useful benefit programs, give you tips on […]

Student loans

Student Loan Refinance Rates Drop for 5-Year Variable Rate Loans

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. The latest student loan refinance interest rate […]

Student loans

Your Money: Easing the Student Loan Burden

In today’s environment, students have a variety of college options, from community colleges, to three- or four-year courses at colleges and universities, to technical, vocational, management, professional, arts, science, and certificate programs. Borrowing money to further your education usually pays off. A college education is a long-term investment. Let’s discuss the nuances of managing student […]

Student loans

Josh Lafazan asked a billionaire couple to cover at least $50,000 in college payments

A Long Island politician in a competitive race for Congress has asked a billionaire couple to cover at least $50,000 of his college tuition. Nassau County Legislator Josh Lafazan, the Democratic frontrunner in the August 23 primary for the seat representing the North Shore of Long Islandlisted in recent financial disclosure documents that claim billionaire […]

Student loans

Experts say canceling student debt will help black women

The Education Trust hosted a webinar on Wednesday with the National Alliance on Mental Illness (NAMI), Black Girls Vote and Higher Heights for America PAC. Diverse education reports Webinar panelists addressed the disproportionate financial and mental burden of student debt on Black women and how it affects their physical and mental health and their families. […]

Student loans

Shopping for Private Student Loans | Company

With the start of the college fall semester just weeks away, there’s still time to shop around for more cash to cover the gaps in your financial plan. One place to shop: the private student loan market. Although interest rates have increased on these loans in recent weeks, parents with good or excellent credit may […]

Student loans

Student Debt Forgiveness Program Wipes Out $819 Million for Californians: Do You Qualify?

(NEXSTAR) – While Borrowers Wait a decision by President Biden on federal student loan debt, many are seeing their debt erased under a temporary waiver for a rebate program already in place. That includes thousands of Californians, according to recently released data. US education officials have been encourage borrowers to consider applying for loan relief […]

Student loans

Federal student loans cost government billions, report says – The Hill

The story at a glance A new government monitoring report has revealed that federal student loans will cost the government $197 billion. This is after the Department of Education initially expected student loans to earn a profit of $114 billion. The discrepancy stems from multiple changes to the federal student loan program over the past […]

Student loans

Current student loan news for the week of August 1, 2022

Last week, the US Department of Education reportedly told Federal Student Loans Services not to contact borrowers about resuming student loan repayments on August 31. Additionally, the department has released several regulatory proposals aimed at increasing college accountability and equitable access to higher education. . Here’s what you need to know about this week’s student […]

Student loans

Biden’s decisions on student loan pause, pardon expected this month

Diana Furchtgott-Roth, an assistant professor of economics at George Washington, and Peter Morici, an economist at the University of Maryland, discuss whether the new spending bill will make a bad inflationary situation worse on “Cavuto: Coast to Coast”. President Biden is taking his time to reveal whether he will release a seventh extension to the […]

Student loans

Student loans will cost the government a $200 billion loss, shocking report says

President Joe Biden (Photo by Demetrius Freeman/The Washington Post via Getty Images) The Washington Post via Getty Images A shocking new report shows that the federal government will losing $200 billion in student loans. Here’s what you need to know. Student loans The US Department of Education has dramatically underestimated the cost of the federal […]

Student loans

Biden’s proposals would help overhaul the student loan system. Some say it’s not enough.

Comment this story Comment As the prospect of President Biden canceling student debt continues to dominate public discourse, new proposals shed light on the administration’s broader plans to overhaul a federal loan system widely seen as flawed. But higher education experts and lawmakers are torn over whether the changes will bring meaningful reforms for borrowers. […]

Student loans

New Mexico Teachers Student Loan Repayment

NEW MEXICO (KRQE) – New Mexico Teacher Loan Repayment Program now accepting applications until August 1 at 5 p.m. All New Mexico licensed teachers working in needy schools and fields are encouraged to apply for the program, which helps teachers repay federal student loans related to teacher education. Local pest control stores are seeing an […]

Student loans

Biden’s student loan plan shrouded in mystery

President Biden’s next move on student loans has been a mystery, with the White House failing to communicate with advocates and instead keeping stakeholders in the dark as the president decides whether to forgive large-scale student loans. ladder. Biden said a $10,000 debt forgiveness per borrower is on the table, but continues to delay making […]

Student loans

Increase in student loan forgiveness scams expected

Knoxville, Tenn. (WATE) — At the end of August, the federal student loan payment break is about to expire. Shortly after the start of the pandemic two years ago, loan repayments were suspended. In Tennessee, graduates know all about student loans. More than 50% of Tennessee graduates in the class of 2020 took out student […]

Student loans

Did the Biden administration just drop a big hint on student loan forgiveness?

US President Joe Biden makes statements to the media on July 15, 2022. (Photo by MANDEL NGAN / … [+] AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images The Biden administration may have just dropped an important hint about the possibility of enacting broad student loan forgiveness. Although no formal decision […]

Student loans

Biden’s plan to stop profits piling student debt on veterans

The Department of Education unveiled new regulatory proposals to protect veterans and military personnel. He proposed reforms to a rule that led to aggressive recruitment of veterans for profit. The department has also proposed expanding the Pell Grant program for incarcerated people. Loading Something is loading. President Joe Biden’s Education Department just unveiled more plans […]

Student loans

How the Supreme Court’s new ruling on climate change complicates Biden’s decision to write off student loan debt

“Really what the Supreme Court is limiting here are creative and expansive interpretations of the law,” said Nathan Arnold, senior policy adviser at EducationCounsel, a consulting firm in Washington, DC. Previously, he worked for eight years at the Department of Education during the Obama and Trump administrations, serving as Chief of Staff to the Acting […]

Student loans

How I Got My Student Loans Canceled After 28 Years: A Teacher’s Story

(NerdWallet) — After 28 years of payments, high school history teacher Dawn Snowden-Frost took a dim view of her student loan debt, which had ballooned over the decades to six figures. “I always thought, ‘I’m going to die on these loans,’” says Snowden-Frost, who teaches at the Burbank Unified School District in Burbank, Calif. “I […]

Student loans

Calculate auto loan interest and monthly interest payments

Interest on a car loan is the cost of borrowing money to buy a car. Auto loan interest rates are expressed as a percentage. When expressed in APR (Annual Percentage Rate), it includes all lender fees, including loan origination fees, loan setup fees, and commission. Interest is calculated taking into account a few factors. The […]

Student loans

Sallie Mae Vs. Check Out Student Loans

Sallie Mae and Discover are two of the biggest names in student loans, offering private student loans to undergraduate and graduate students. Sallie Mae offers borrowers a range of repayment options and numerous online resources to help students navigate financial aid. Discover, on the other hand, is a more traditional bank that offers several discount […]

Student loans

I took out federal student loans to attend Corinthian College. What can I do?

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. The Credible Money Coach has good news […]

Student loans

Army soldier stole COVID relief and student loans in Georgia: Feds

An Army soldier stationed at Fort Stewart in Georgia has pleaded guilty after being accused of stealing millions in COVID-19 relief money and student loans, prosecutors said. HiltonHead A US Army soldier has admitted leading a ‘prolific’ plot in which more than $4.5 million in COVID-19 relief and student loans were stolen while stationed at […]

Student loans

The most trusted source of Boca Raton Tribune Plus news

(StatePoint) While the majority of parents today highly value higher education, that doesn’t always dampen their sticker shock when it comes to college-related costs. A new survey from College Ave reveals that 91% of parents think a college degree is important for their child’s future. At the same time, 74% of parents found the cost […]

Student loans

Doctors and dentists get help with student loans to encourage services for underserved populations

The California Department of Health Services (DHCS) recently announced that it will fund $64.9 million in student loans for 222 physicians and 35 dentists. The latest round of funding focused on equity, such as the languages ​​spoken by doctors, the treatment of children 0-3 years old and the number of patients with special needs seen […]

Student loans

Chart of the month: Does student debt influence career choices?

School debt continues to rise. In 2021, the average debt-ridden vet school graduate owed $186,430 in student loans, up 17% from 2011 when adjusted for inflation. To help understand and manage this trend, AVMA economists have conducted further research into the impact of student debt on the profession. A key finding: student debt may be […]

Student loans

Mental health care providers could get student loans paid off with new program

The State of Michigan is willing to repay a portion of student loans for those providing behavioral health medical services such as psychiatrists, psychologists, social workers, counselors, therapists, and board-certified behavior analysts in areas underserved by the state. The MI Kids Now loan repayment program encourages behavioral health care providers to work in areas that […]

Student loans

Student loan application requirements: what you need to know

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. The requirements for applying for a student […]

Student loans

10 Student Loan Management Tips | ACFA-Cashflow

Is your student loan burden overwhelming? Not alone: The US owes almost $1.6 trillion in student debt. 1 Only the nation’s mortgage debt dwarfs that. Student loan debt makes it difficult for college graduates to purchase a house. Politicians discuss what to do about the situation, but ordinary Americans can’t wait. Maintaining good financial health […]

Student loans

Canceling student loans would help Floridians in debt

It has been reported that President Joe Biden is considering canceling $10,000 in student loan debt for each person who took out a federal loan. A new study indicates that if this were to happen, it would have a significant impact on Americans struggling to pay off their debt. . Nearly one in three Floridians […]

Student loans

Avenue College Vs. Sallie Mae Student Loans

College Ave and Sallie Mae are two popular companies that offer a wide range of private student loans. Both companies have loans suitable for a variety of disciplines, from undergraduate studies to medical school and law school. College Ave offers a range of repayment options, as well as some of the lowest starting rates in […]

Student loans

Is student loan debt driving up trade school enrollment?

Welcome to Thomas Insights – every day we post the latest news and analysis to keep our readers up to date with what’s happening in the industry. Sign up here to get the day’s top stories straight to your inbox. The crippling debt of student loans is pushing many people to consider career paths that […]

Student loans

HUDSON | A New Idea to Solve the Student Loan Wreck | Opinion

Miller Hudson The student debt that plagues millennials has created a public policy problem like no other. With total debt having exploded to $1.6 trillion owed by 43 million Americans, it’s the economic equivalent of an iceberg where the real danger lies lurking below the surface. This mountain of debt has the potential to sink […]

Student loans

Did you attend any of these schools? You may be eligible for student loan forgiveness

(NEXSTAR) — As Americans await a decision on widespread student loan forgiveness from the Biden administration, some have already been able to have some or all of their debt forgiven. Of those, about 690,000 borrowers saw $7.9 billion in federal student loans forgiven after attending schools that defrauded them. Federal borrowers who were misled by […]

Student loans

Biden proposes extending limited student loan forgiveness waiver

President Joe Biden (Photo by Angelo Merendino/Getty Images) Getty Images President Joe Biden will extend the limited waiver for student loan forgiveness. Here’s what you need to know — and what that means for your student loans. Student loans Biden’s education department announced major changes to student loan forgiveness this week. Specifically, Biden is helping […]

Student loans

Best Lenders to Refinance Student Loans with a Cosigner

If you have student loans, refinancing could be a smart way to save money because it allows you to get a new interest rate and repayment term for your loans. However, these terms are often dependent on your credit – so if you have bad credit, you may want to apply with a co-signer. This […]

Student loans

Falling college enrollment could lower costs, student loan debt

American higher education is the envy of the world, but it faces challenges. The two biggest structural challenges are student debt, a widely known and discussed problem, and declining student numbers, a trend that gets little attention but is the more important of the two. Everyone seems to agree that there is too much student […]

Student loans

My Side Hustle pays $4,300/month. Here’s why I don’t put any of it in my student loans

Editorial independence We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money. Personal finance is personal – even when the path you choose is […]

Student loans

More for-profit schools are offering buy now, pay later – is this a debt trap?

There “buy now, pay laterThe transaction is simple: buyers are offered a point-of-purchase installment loan, spreading the cost of the product over multiple payments. They are often available without a credit check. Buy now, pay later Financing has become a go-to payment method at most major retailers for everything from clothing and cosmetics to computers […]

Student loans

What to know if your student loans have been transferred to a new manager – and more headline stories

Morning 4 is a brief roundup of the stories we think you should know to start your day. So, on to the news. Have your student loans been transferred to a new servicer? Here’s what you need to know Federal student loans managed by FedLoan (PHEAA) are being transferred in stages to several other services. […]

Student loans

Should you buy battered SoFi Technologies stock?

Shares of SoFi Technologies (SOFI) are down more than 65% since the start of the year. The stock has been under pressure due to repeated revisions by the Department of Education to the end date of the student loan moratorium and aggressive interest rate hikes by the Fed. With the Department of Education likely to […]

Student loans

I’m 75 and $235,000 in student loans. Should I default?

Dear Penny, I’m 75 and my husband is 83. I’ve been paying off my student loans for 16 years and the balance has gone from $200,000 to $235,000. I’m on an income-based repayment plan and work primarily to pay off my loans. My IDR payout is $1056 as of today. I also rely on Social […]

Student loans

Biden’s framework could look like this

President Joe Biden (Photo by Denis Doyle/Getty Images) Getty Images President Joe Biden’s framework for student loan forgiveness might look like this. Here’s what you need to know — and what it means for your student loans. Student loans Biden is weeks away from announcing three major decisions on student loans and student loan forgiveness. […]

Student loans

Stagflation and downward revision of maturity risk on US student loan ABS still in effect

As critical federal student loan forgiveness legislation may or may not materialize, Federal Family Education Loan Program (FFELP) student loan ABS maturity risk remains the primary driver of downgrades. Fitch Ratings. Between 2016, when Fitch began rating FFELP ABS on maturity risk, and June 30, 2022, three FFELP ABS transactions rated by Fitch defaulted. Analysts […]

Student loans

Students react to College replacing undergraduate student loans with scholarships

While some students supported the change, others noted caveats to the new financial aid policy, which aims to help middle-income families. by Adriana James-Rodil | 01/07/22 05:10 Effective June 23, the College changed its financial aid policy, replacing federal and institutional loans with scholarships for undergraduate students. The financial aid policy change was first announced […]

Student loans

Biden administration writes off $6 billion in student loan debt

Last week, the Department of Education announced it was writing off $6 billion in student loan debt and reimbursing students at closed for-profit colleges under a regulation in a class action. The complainants in Theresa Sweet vs. Miguel Cardona filed for debt relief as part of “defense of borrower to loan repayment” program. Created by […]

Student loans

PHEAA Sets Student Loan Interest Rates | Local News

The Pennsylvania Higher Education Assistance Agency (PHEAA) has announced the 2022-23 interest rates for PA Forward undergraduate, graduate and parent borrowers. Combined with the program’s many benefits for borrowers, PA Forward undergraduate and graduate borrowers can enjoy fixed interest rates as low as 3.82% Annual Percentage Rate (APR) and not exceeding 7.69% APR. This rate […]

Student loans

The complete history of student loans

Americans must collectively over $1.74 trillion in student loan debt – a number that keeps rising as tuition costs continue to rise. Not only that, but a recent Bankrate survey found that 70% of millennial and Gen Z borrowers have put off major milestones, like saving money for retirement, paying off high-interest debt and buy […]

Student loans

June 21, 2022 — Lending Rates Rise – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. The average interest rate on 10-year fixed-rate private student loans rose last week. For many borrowers, that means rates continue to be low enough to make private student loans a decent option, […]

Student loans

Millions of people have seen $25 billion in student loan debt forgiven. Who, why and how?

What is happening Although President Joe Biden has not announced his decision on widespread student loan forgiveness, millions of borrowers have seen $25 billion in debt forgiven during his tenure. why is it important With one in five Americans carrying student debt, loan forgiveness can help ease the pain of soaring inflation and economic uncertainty. […]

Student loans

Student Debt Relief Scams – Farmville

School is closed for the year, but for millions the bills keep rolling in. More than 43 million Americans are paying off their student loans, and each of them is eager to do so as quickly as possible. Unfortunately, this eagerness creates an opportunity for scammers. These scams usually start with a “debt relief expert” […]

Student loans

5 Huge Changes to Student Loans, But Details Remain Unclear

President Joe Biden (Photo by Anna Moneymaker/Getty Images) Getty Images Here are 5 huge changes to student loans, but the details remain unclear. Here’s what you need to know — and what it means for your student loans. Student loans As President Joe Biden decides his next move on student loans, good news is on […]

Student loans

‘Biden’s mind is open’ on canceling student loans, Schumer says

US Senate Majority Leader Chuck Schumer. Leah Millis | Reuters Senate Majority Leader Chuck Schumer, D.N.Y., wearing a mask that read “Cancel Student Debt,” on Wednesday called on the labor movement to join him in his fight for President Joe Biden writes off $50,000 in federal student loan debt per borrower. During the roundtable with […]

Student loans

‘Yes’ – Biden to soon decide on student loan relief and gas tax exemption to fight inflation

US President Joe Biden talks to reporters as he walks on the beach in Rehoboth Beach, Delaware, … [+] June 20, 2022. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images President Biden confirmed Monday that he is close to making a decision on student loan forgiveness […]

Student loans

How Biden’s Student Loan Cancellation Would Impact Tennessee Residents

One in 8 Tennesseans are waiting to hear if President Joe Biden will forgive some federal student loan debt. The amount of debt the government would cancel per borrower is still up in the air – in May, the Washington Post reported that the The White House planned to forgive $10,000 per borrower. Knox News […]

Student loans

Letters to the Editor – Juneteenth, Inflation, Dallas City Manager, Student Loans, Guns

Juneteenth is unity Anyone who pays attention to the news recognizes that America is steeped in deep racial division. We need a cause celebre to bring people together. I propose that Juneteenth could be that cause. June 19 refers to the June 19, 1865 cavalcade of troops that marched through Texas to enforce the previously […]

Student loans

Senate approves Joint Consolidation Separation Act for student borrowers : NPR

Senator Mark Warner in 2021. Graeme Jennings-Pool/Getty Images hide caption toggle caption Graeme Jennings-Pool/Getty Images Senator Mark Warner in 2021. Graeme Jennings-Pool/Getty Images The Senate has approved a proposal that would allow borrowers struggling with student loan debt related to a spouse or ex-spouse to separate those loans. For many, it could also pave the […]

Student loans

AARP Scam Alert: Student Debt Relief Scams

School is closed for the year, but for millions the bills keep rolling in. More than 43 million Americans are paying off their student loans, and each of them is eager to do so as quickly as possible. Unfortunately, this eagerness creates an opportunity for scammers. These scams usually start with a “debt relief expert” […]

Student loans

What the Fed’s rate hike means for credit cards and student loans

The Fed’s decision to raise its key rate by three-quarters of a percentage point is good news for savers, but less so for borrowers: they can expect to pay more on credit card debt, loans automobiles and some student loans. [Here’s what the Fed’s decision means for mortgages.] Credit card Credit card rates are closely […]

Student loans

Student loans, debt forgiveness and chumps

June 14, 2022 3:08 p.m. ET Senator Bernie Sanders speaks at a student loan forgiveness rally near the White House on April 27. Photo: Anna Moneymaker/Getty Images Regarding Blake Hurst’s op-ed “Student Debt Forgiveness Makes My Grandson an Idiot” (June 9): He’s got company. I too am an asshole. I did not want my three […]

Student loans

Tips, tricks and budgeting for student loans and grants

If there’s an affordability gap, NerdWallet’s Cecilia Clark suggests borrowing federal loans first. INDIANAPOLIS — If any of your children have applied to college, they likely received or will receive a letter outlining the cost of their education. This letter is called an award letter. It is divided into two main categories: the cost of […]

Student loans

A look at student loan debt in the United States | The numbers racket

Student loan debt is now the second highest consumer debt in the United States, just after mortgages. According to most recent data from Education Data Initiativea research organization studying the American education system, Americans owe more than $1.7 trillion in student loan debt. The average federal student loan debt balance is $37,014 in May 2022, […]

Student loans

New Indiana law undermines efforts to retain workers and ease student loan crisis – Chicago Tribune

After Eli Lilly CEO David Ricks’ gloomy view of Indiana’s appeal to businesses and workers, it’s clear that the GOP tactic of cutting taxes and offering tax credits to business without bold investments in education, quality of life or public health has set us on a course for ruin if we do little to correct […]

Student loans

Column: I will not accept student loan forgiveness if offered | Columnists

Jacob Bayer In the movie “Cinderella Man”, we learn the true story of boxer James Braddock. Braddock was injured just before the Great Depression, losing his ability to support his family through boxing. He did everything he could to try and support his wife and children, from selling all their stuff to trying to hide […]

Student loans

How to find a co-signer for your student loans

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Applying with a co-signer can make it […]

Student loans

Kentuckians are experiencing crippling financial stress from student loan debt / Public News Service

Kentuckians collectively owe more than $20 million in student loan debt, and a new informal survey sheds light on how heavy student loan payments are affecting the lives of borrowers across the Commonwealth. Research from the Kentucky Center for Economic Policy found almost one in five inhabitants have student debt, including 20,000 people at retirement […]

Student loans

Sticky Scholarship is here to save you from your student loans

Thanks to inflation, the minimum wage in the United States has essentially gone down every year since 1968. Meanwhile, tuition fees have jumped 1200% since 1980. So it’s no surprise that prospective students are all considering the possible means of paying their university fees. Although student loans are still a popular way to fund further […]

Student loans

Organization pays off $1.7 million in student debt for Bennett

GREENSBORO, NC — An organization committed to canceling student debt has covered the unpaid debt of nearly 500 former Bennett College students. What do you want to know The Debt Collective and the Rolling Jubilee Fund have forgiven $1.7 million in student loans for nearly 500 former Bennett College students President Biden is expected to […]

Student loans

Here’s why the NAACP keeps talking about canceling student loans

Derrick Johnson, President of the NAACP Courtesy of: NAACP In late May, news circulated that the Biden administration was leaning toward a $10,000 per borrower student loan forgiveness plan. NAACP officials were furious. Association President and CEO Derrick Johnson said in a statement shortly after the news broke that a $10,000 cancellation “would be a […]

Student loans

An important deadline for student loan relief is approaching and help is available | Company

Those with student loans and working in government and nonprofit jobs had a huge opportunity for loan relief in October, when the federal government finally resolved some long-standing issues with the student forgiveness program. public service loans. However, for more than 550,000 borrowers, action is needed – the application deadline is months away – and […]

Student loans

What loan forgiveness means for an alumnus of Corinthian Colleges : NPR

The Department of Education will forgive all federal student loans from the now-defunct corporation. NPR’s Elissa Nadworny discusses it with former student Ann Bowers and journalist Josh Mitchell. ELISSA NADWORNY, HOST: The US Department of Education announced this week that it will forgive billions in federal student loans for those who attended college campuses belonging […]

Student loans

Upcoming student loan relief for WA residents who attended now-defunct for-profit college

The U.S. Department of Education will forgive $157.9 million in student loans to residents of Washington state as part of a nationwide effort to address a case of higher education fraud, the office announced Friday. of Attorney General Bob Feguson. In a press release from Ferguson’s office, the attorney general wrote that the loans would […]

Student loans

The Biden administration is canceling $5.8 billion in student loans. More borrowers could see relief soon

The U.S. Department of Education has canceled about $5.8 billion in outstanding student loans for more than 560,000 borrowers in the government’s largest loan forgiveness action to date, the department announcement Wednesday. The cancellation applies to anyone who attended schools operated by the now-defunct Corinthian Colleges, one of the largest for-profit education companies that filed […]

Student loans

Senators propose major changes to student loan forgiveness

Education Secretary Miguel Cardona (Photo by Win McNamee/Getty Images) Getty Images Two US senators proposed major changes to student loan forgiveness. Here’s what you need to know — and what it means for your student loans. Student loans US Senators Sheldon Whitehouse (D-RI) and Jeff Merkley (D-OR) introduced new legislation – the PSLF Simplification and […]

Student loans

54% of teens feel unprepared to fund their future, survey finds

A college graduate calls out his family on video to celebrate Kemal Yildirim | Getty Images Teenagers look at the costs of higher education and fear they won’t be able to keep up. Some 54% of teenagers say they are worried about funding their future, according to a survey by Junior Achievement USA and Citizens […]

Student loans

Interest rates on new federal student loans increase for 2022-2023

(NerdWallet) — Two years ago, federal student loan borrowers enjoyed the lowest interest rates ever on their loans. This fall, rates for undergraduate borrowers will be nearly double what they were in 2020-21. Interest rates on new federal direct undergraduate student loans are expected to drop to 4.99% for the 2022-23 academic year, from 3.73% […]

Student loans

Inova Health and other companies help workers repay student loans

Placeholder while loading article actions In a tight labor market, where competition for workers is fierce, companies are trying to attract and retain employees by offering to pay their student loans. Take Inova Health Systems, which announced this spring that it will pay off student debt for employees who have been on the job for […]

Student loans

“No decision has been made yet”

President Joe Biden (Photo by Anna Moneymaker/Getty Images) Getty Images The White House has denied a report that President Joe Biden will pass $10,000 in student loan forgiveness, citing that no decision has been made. Here’s what you need to know — and what that means for your student loans. Student loans Will your student […]

Student loans

Millions of Australians in debt face ‘stressful’ rise in days

Australians who have yet to repay their student debt are set to suffer the biggest rise in repayments in a decade. HECS-HELP loans are widely considered to be the least important debt to repay because the loans do not bear interest like a credit card or mortgage. Watch more on inflation in the video above […]

Student loans

The government should stop providing student loans

Paul F. de Lespinasse President Joe Biden is considering whether to write off the unmanageable debts owed to the government by students who used them to fund higher education. It’s unclear what Biden should do with those past loans. But it’s obvious what needs to be done for the future: the government should stop granting […]

Student loans

CommonBond to scrap student loans: Here’s what it’s focusing on instead

CommonBond plans to drop its student loan side in mid-June and focus elsewhere. (iStock) CommonBond Fintech Lending Company announced earlier this month that he’ll ditch his student loans and focus on something he says will save homeowners money on electricity and reduce their carbon footprint. The company will now focus exclusively on solar financing, a […]

Student loans

Borrowers on edge as Biden weighs in on student loan forgiveness

President Joe Biden boards Air Force One on May 22, 2022. Saul Loeb | AFP | Getty Images At the pump, at the supermarket, with its owner, all of Ryan Tucholski’s bills are going up lately. But there’s one expense he hopes to soon reduce or maybe even disappear: his monthly student loan payment. Like […]