Student loans

Progressive Caucus pressures Biden for executive action on student loans and immigration

The Congressional Progressive Caucus (CPC) is renewing its efforts to President BidenJoe Biden Irish Prime Minister tests positive for COVID-19 during visit to DC CNN anchor breaks down speaking to Ukrainian father whose family was killed Graham presents resolution urging Biden to help send jets in Ukraine MORE to use his pen of executive order […]

Student rates

Should you rush to refinance your student loans? (To analyse)

By Cecilia Clark | NerdWallet Even with federal student loan forbearance and talk of forgiveness prospects, student loan interest rates still matter — and nothing underscores that point better than the likelihood of them rising soon. Private student borrowers, whose payments are not suspended and who will not benefit from any federal cancellations, may be […]

Student record

Should you rush to refinance your student loans? |

Even with federal student loan forbearance and talk of forgiveness prospects, student loan interest rates still matter — and nothing underscores that point better than the likelihood of them rising soon. Private student borrowers, whose payments are not suspended and who will not benefit from any federal cancellations, may be wondering if now is their […]

Student loans

Lenders who refinance non-degree student loans

If you have student loans but no degree, managing your repayment can be more difficult, especially if you’re hoping to refinance. Most lenders require a degree for refinancing, but there are a few exceptions. Here’s where to start if you’re trying to refinance your student loans without a degree. What is student loan refinancing? Student […]

Student loans

I graduated from college at 40, but defaulted on my student loans. How can I treat?

How to get out of student loan debt Getty Images/iStockphoto Question: I’m about to turn 65 and eligible for Medicare. I have a bachelor’s degree in corporate and organizational communication and an associate’s degree in marketing and sales technology. I was 40 when I graduated. My younger classmates got great jobs. I went bankrupt and […]

Student loans

Explosive Report Claims This Student Loan Service Deceived Student Loan Borrowers

President Joe Biden (Photo by Samuel Corum-Pool/Getty Images) Getty Images A bombshell new report claims this student company misled student borrowers. Here’s what you need to know and what it means for your student loans. Student loans A new report published by the Communications Workers of America (CWA) and the Student Borrower Protection Center (SBPC) […]

Student loans

Mid-Valley Scam Alert: Scammers preying on those with student loans | Local

University is an expensive investment. But you already know that. Take a look at how many Americans are in debt thanks to the high amount of student loans they have accumulated. Due to the pandemic, the federal government has put a temporary pause on the repayment of these loans. For now, this break is in […]

Student loans

With interest rates about to rise, is it time to refinance your student loans?

Catherine Lane/Getty Images When you take out a student loan, you agree to a specific interest rate and repayment schedule. But what are your options when other lenders offer better deals than your current loan or your monthly payment gets too high? Refinancing student loans can be the solution to high interest rates. When you […]

Student loans

Student Loan Cancellation Doesn’t Mean What You Think It Means

President Joe Biden (Photo by Jim WATSON/AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images Canceling a student loan doesn’t mean what you think it means. Here’s what you need to know. Student loans Will President Joe Biden Forgive Your Student Loans? White House Chief of Staff Ron Klain said Biden could […]

Student loans

What is an adverse credit history?

Bad credit will not prevent you from qualifying for most federal student loans. But if you’re looking for a private student loan or a Federal Direct PLUS loan, your credit reports will be assessed for late payments and bankruptcies, also known as adverse credit history. An unfavorable credit history could make it difficult, if not […]

Student loans

Aidvantage racks up consumer complaints about its federal student loan service

Although the complaints represent only a small fraction of the company’s accounts, consumer advocates fear this is a foreshadowing of things to come. They say if people have problems while federal student loan payments are suspended, what happens when they resume? The story continues under the ad “We are very concerned,” said Persis Yu, director […]

Student management

Fintechs clamor to provide relief options for student borrowers – TechCrunch

Since March 2020, student borrowers have not had to make federal student loan repayments. These payments are expected to resume from May 1, 2022, which will undoubtedly cause stress for borrowers. President Biden may consider extending temporary student loan relief beyond that date, but nothing is official yet. On March 9, Biden said he would […]

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What to know about student loans before borrowing

One Billion Photos / Shutterstock.com Editor’s Note: This story originally appeared on Living on the Cheap. Are you considering taking out a student loan for your studies or those of your children? This is not a decision to be taken lightly. Here is the basic information you need to know. Federal student loans aren’t always […]

Student record

This is the average student loan debt in each state

item New data from the Institute for College Access & Success shows where the Class of 2020 has the highest student loan balances. (Stock) A college degree gives graduates the chance to get higher-paying jobs in specialized fields, but it can come with a hefty price tag that leaves many Americans with crippling student loan […]

Student loans

30,000 borrowers will have their student loans canceled

Thousands more people could soon see their student loan balances wiped out as the Biden administration works to identify borrowers eligible for the Public Service Student Loan Forgiveness. It is the latest effort by the Department of Education to relieve borrowers burdened with billions of dollars in student loan debt. The number of student borrowers […]

Student record

93% of student borrowers not ready to start payments again in May

item Student loan repayments resume in May, but a new survey suggests the vast majority of borrowers are not financially prepared. (Stock) Federal student loan repayments resume May 1 after more than two years of COVID-19 emergency forbearance. However, 93% of student borrowers are not ready to resume their payments, according to a February survey […]

Student rates

Survey: 93% of student borrowers not ready to start payments again in May

Student loan repayments resume in May, but a new survey suggests the vast majority of borrowers are not financially prepared. (iStock) Federal student loan repayments resume May 1 after more than two years of COVID-19 emergency forbearance. However, 93% of student borrowers are not ready to resume their payments, according to a February survey conducted […]

Student loans

5 Ways to Get $0 Student Loan Payments

Getty Getty Here are 5 ways to get $0 student loan repayments. Here’s what you need to know. Student loans With student loan payments set to resume after May 1, 2022, President Joe Biden may extend the student loan payment pause for an unprecedented fourth time. If that doesn’t happen, however, The Debt Collective – […]

Student loans

Do you have student debt, but no diploma? Are you in default? Tell us: NPR

More than 41 million people have outstanding federal student loans, totaling more than $1.5 trillion. But not all borrowers have the same experience with their debt. To begin with, more than a third of borrowers have an outstanding balance of $10,000 or less. Second, about 20% of borrowers are in default – is when you […]

Student loans

Federal student loans resume May 1

HUNTSVILLE, Ala. (WAFF) – Amid concerns over the COVID omicron variant, the Biden administration has extended the payment pause for federal student loan borrowers through May 1. Thus, for two years now, borrowers have had the option of suspending their monthly bills without accrued interest on their debt. Almost all borrowers accepted the relief, according […]

Student loans

Here’s what you need to know before taking out a student loan

A TAMU-CC student discovered how quickly student loan debt can escalate, even before repayment begins. CORPUS CHRISTI, Texas — As college application deadlines approach, high school students face the difficult decision of how they pay for college. While some students may choose not to attend college, a confusing decision is left to those who do […]

Student management

The 9 fastest ways to pay off student loans, according to experts

mapodile/Getty Images Your student loans can eat up a big chunk of your budget each month, especially when you’re starting out on your own, making it that much harder to save for a home, build up your retirement savings, and pursue other financial goals. It’s also not uncommon to still be saddled with student loan […]

Student loans

Biden could extend student loan suspension and plans to forgo loans, White House official says

WASHINGTON, DC – MARCH 03: US President Joe Biden speaks at an event in the East Room of the … [+] White House on March 03, 2022 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) Getty Images A senior White House official suggested this week that President Biden is considering a further extension of the […]

Student record

A pandemic relief program has offered a lifeline to struggling student borrowers. Most never knew | Smart Change: Personal Finances

Getty Images Mallika Mitra In the late 1980s, Patricia Gary borrowed $6,600 in federal student loans to pay for her beauty studies, a move she felt was necessary as computers began to replace typewriters and her job skills failed. did not translate. More than 30 years later, Gary has paid over $22,000 for the loans, […]

Student record

Who is my student loan agent?

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. Wondering who your student loan manager is? […]

Student loans

Virginia AG Miyares gets student debt relief from former for-profit college

WASHINGTON, DC (WRIC) – Virginia Attorney General Jason Miyares, along with attorneys general from 9 other states, have finalized an agreement to forgive the debt of students who attended a fraudulent for-profit university that filed for bankruptcy. in 2019. Argosy University was a struggling for-profit educational institution with campuses in several states, including one in […]

Student management

Current student loan news for the week of February 28, 2022

Last week, the US Department of Education announced the next steps for an overhaul of the federal student loan administration system, a process that has been underway since 2017. Here’s what you need to know about student loan trends this week and their impact on your balance. 1 current student loan trend for the week […]

Student loans

New Year Brings Tax Breaks for Student Borrowers |

A trio of tax breaks for students and their families took effect at the start of the new year. The programs, enacted under a bill signed into law last year, allow New Jersey residents with annual household incomes of $200,000 or less to deduct up to $22,500 from their utility bills. income tax. “There’s been […]

Student loans

93% of student borrowers not ready to start payments again, survey finds

It has been almost two years since most borrowers had to pay their monthly student loan bill. And yet 93% of them are not ready to resume payments on May 1, according to a survey of more than 23,000 student borrowers by the Student Debt Crisis Center. “The payment break meant everything,” said Allison Newmes, […]

Student record

These 2.4 million borrowers may not qualify for student loan forgiveness

Americans with private student debt would not qualify for the sweeping federal loan forgiveness proposed by prominent Democrats. (iStock) Total student debt outstanding continues to climb as many borrowers do not have access to debt relief programs, such as student loan forgiveness. But even if President Joe Biden is able to deliver on his campaign […]

Student loans

President Coughlin touts New Jersey College Affordability Act tax savings for students and working families effective for 2022

President Coughlin touts New Jersey College Affordability Act tax savings for students and working families effective for 2022 (TRENTON) – New Jersey has worked hard to prioritize access to higher education for New Jersey students, knowing the importance of college opportunities for people of all ages and backgrounds, the economy and the future of the […]

Student management

Seniors and Student Loan Debt: Is There a Way Out?

designer491/Getty Images/iStockphoto The problem of growing student debt in the United States largely concerns young people who are struggling to repay their loans in addition to their other bills. But seniors on fixed incomes also face many of the same challenges. See: Navient student loan settlement leaves many people with a bill to pay Find: […]

Student rates

Biden administration writes off another $415 million student loan debt: Are you eligible?

Nearly 16,000 borrowers will receive $415 million in student loan forgiveness after the Department of Education approved a series of Borrower Defense Applications on February 16. (iStock) If you borrowed federal student loans to attend a college that engaged in misconduct, you may be eligible for full debt forgiveness under the Borrower Defense Program until […]

Student record

Things Lenders Consider Before Refinancing a Student Loan

(STL.News) There is a staggering increase in student debt held by US borrowers. Current statistics show that US consumers’ cumulative student loans have reached $1.75 trillion. This is a huge total debt, the vast majority of which comes from the federal government. Those who want to pay off their student debt faster might consider things […]

Student management

February 22, 2022 – Lending Rates Rise Slightly – 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. Refinanced student loan rates increased last week. Despite the rise, if you want to refinance your student loans, you can still get a relatively low rate. For borrowers with a credit score […]

Student loans

Biden’s student loan forgiveness now tops $16 billion after fresh wave of approvals

WASHINGTON, DC – February 15: US President Joe Biden delivers remarks in the East Room of the … [+] White House on February 15, 2022 in Washington, DC. (Photo by Alex Wong/Getty Images) Getty Images The Biden administration has now approved at least $16 billion in student loan forgiveness, according to the Department of Education, […]

Student management

Navient’s student loan settlement leaves many with a bill to pay

spawn / Getty Images/iStockphoto Student loan giant Navient made headlines last month when it agreed to forgive $1.7 billion in debt and pay $95 million in restitution for predatory lending practices, but all of its borrowers will not benefit from the settlement. See: Navient Student Loan Settlement – Are You Eligible for a $260 Restitution […]

Student rates

31% of large companies plan to offer student loan assistance in the next 2 years, data shows

Nearly a third of large companies plan to offer student loan assistance programs in the next two years, according to a new study. (iStock) In order to attract loyal workers in today’s job market, some employers have started offering student loan assistance programs. Recent research from the Employee Benefits Research Institute (EBRI) showed that about […]

Student management

How to Make Your First Student Loan Payment – 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. Many students depend on student loans to pay for their education. But for the most part, they won’t make their first payment on that debt until after they graduate. If you’re having […]

Student management

Will student loans get more expensive when the Fed raises interest rates?

Kameleon007 / iStock.com The impact of Federal Reserve interest rate hikes on student loans falls firmly into the “it depends” category – primarily about who provided the loan and when you got it. See: 4 of the Best Student Loan Refinance CompaniesFind: 10 ways to pay off your student loans in a year Your loan […]

Student center

Child and Family Research Center and Student Services Center for First Generation Students Partner to Keep Student Parents in the Classroom

The Child and Family Research Center and Student Services’ First-Generation Student Center have partnered to develop the Child Care Access Means Parents in School program, known as CCAMPIS, through a grant funded by the U.S. Department of Education. Through this new program, student parents attending the University of Nevada, Reno will see up to 90% […]