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 […]

Student loans

Student loan refinance rates drop slightly for 5- and 10-year 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, all opinions are our own. The latest student loan refinance interest rate trends on the Credible Marketplace, updated […]

Student loans

Mark Glennon | Raoul’s call to cancel student debt targeting someone who helped create it | Guest Comment

This week, Illinois Attorney General Kwame Raoul urged President Joe Biden to completely forgive federal student loan debt owed by every federal borrower in the country. All $1.7 trillion. For everyone, rich or poor. No questions asked. And who created the student loan mess? Both sides bear the blame, but a central villain was none […]

Student loans

Fear of 12% interest on student loans will deter many, top Tories warn | Student funding

Senior Tories are sounding the alarm over ‘outrageous’ student loan interest rates later this year, after warning that some graduates will soon be hit with rates as high as 12%. In the latest sign of party unease over the effects of high inflation, former ministers and MPs are calling on the government to step in […]

Student loans

Tuition Rise, Student Loan Debt Hurting Ohio State Students

COLUMBUS, Ohio (WCMH) – Millions of Americans are struggling to pay off their student debt. President Biden is hinting at signing into law a pardon plan, but a new bill introduced by Republican U.S. Senator Mitt Romney could block that. Nurses Reach Tentative Wage Increase Agreement with Ohio State Medical Center He and other Republicans […]

Student loans

Borrowing groups sue Biden administration over stalled student loan forgiveness requests

WASHINGTON, DC – APRIL 28: US Secretary of Education Miguel Cardona testifies outside a labor house, … [+] Health and Human Services, Education, and Related Agencies Subcommittee Hearing at the Rayburn House Office Building on April 28, 2022 in Washington, DC. (Photo by Kevin Dietsch/Getty Images) Getty Images A group of student loan advocacy organizations […]

Student loans

Republicans introduce bill to stop Biden from writing off student loan debt

Five Republican senators on Wednesday introduced a bill that would ban student loan forgiveness. The law prohibits Biden from taking any action to cancel or forgive borrower balances. The bill is unlikely to become law anytime soon with a 50-50 Senate and a Democratic-controlled House. Loading Something is loading. Student borrowers hungry for large debt […]

Student loans

Some people get their student loan forgiven. Here’s how to see if you qualify

Lawmakers have made promises for years on student loan forgiveness. But for some Cincinnatians, it’s happening right now. Anisa Shomo knows all too well the high cost of higher education. She is a family physician at the University of Cincinnati Health. Graduating was a long and expensive process. time, so it was really good news […]

Student loans

Some of the candidates for the US House of Alaska are millionaires. Another is paying off student loans.

The candidates for the US House participate in a debate on May 12, 2022 at the Dena’ina Civic and Convention Center in Anchorage. Left to right: Nick Begich, John Coghill, Christopher Constant, Al Gross, Jeff Lowenfels (not visible), Sarah Palin, Mary Peltola, Josh Revak and Tara Sweeney. (Loren Holmes/DNA) Al Gross, an orthopedic surgeon who […]

Student loans

2022 Student Loan Debt Stats: A Record High of $1.7 Trillion

Student loan statistics Getty Student loan debt in 2022 is now over $1.7 trillion. The latest student loan debt statistics for 2022 show that there are 45 million borrowers who collectively owe approximately $1.7 trillion in student loan debt. Student loan debt is now the second highest category of consumer debt – just after mortgage […]

Student loans

Biden dives into risky student loan policy

Placeholder while loading article actions News had just emerged that President Biden was set to cancel at least some student loans, and Donald Trump Jr., in the final days of campaigning for US Senate candidate JD Vance in Ohio last month, n didn’t mince words as he excoriated the idea. at gatherings. “Biden basically wants […]

Student loans

Reviews | Student debt is crushing. Canceling it for everyone is always a bad idea.

Federal repayment plans adjust monthly payments based on income and family size and extend repayment periods. Debts are eligible for forgiveness after 10, 20 or 25 years of payments. Approximately 30% of all borrowers with federal loans are in such a program, and more borrowers could benefit from participating in one. But reimbursement programs have […]

Student loans

Student borrowers do not deserve “pardon”. They deserve an apology.

Still unconvinced that the nation should seek discharge from debtors, not the other way around? Consider the facts. First, there’s the Free Federal Student Aid, or FAFSA, app that for decades has hitched millions of students and families each year to its cumbersome, question-buzzing and confusing form — and infuriating – the “expected family contribution”. […]

Student loans

Student loan debt – The Hamburg Reporter

Opinion of Senator Grassely Q: Do you support President Biden’s plan to erase student debt? A: When something seems too good to be true, it usually is. Once again, the Biden administration is operating under the false assumption that money grows on trees. When the economy shut down in 2020, Congress passed a series of […]

Student loans

student loans; McWhinney Drilling; January 6; climate concerns; Loveland Politics – Loveland Reporter-Herald

Canceling student loans presents a moral hazard Student loan forgiveness? Is this another Democratic bribe for votes? Doesn’t forgiveness require taking responsibility for one’s choices (without any excuses) and trusting that the person will not repeat the same act in the future? I can understand someone rejoicing that their debts are forgiven. What about those […]

Student loans

Warren supports student loan relief, but argues for targeted student loan forgiveness

Senator Elizabeth Warren (Photo by Arturo Holmes/Getty Images) Getty Images Senator Elizabeth Warren supports large-scale student loan relief, but argues for targeted student loan forgiveness. Here’s what you need to know — and what it means for your student loans. Student loans In an exchange on View last week, Warren (D-MA) argued for large-scale student […]

Student loans

Student loan forgiveness is a ‘losing problem’

Bill Maher (Photo by Jeff Kravitz/FilmMagic, Inc for HBO Films) FilmMagic, Inc for HBO Movies Bill Maher says student loan forgiveness is a “loser’s question.” Here’s what you need to know. Student loans Maher, comedian and political commentator who hosts Real time with Bill Maher on HBO, criticized the large-scale student loan forgiveness on his […]

Student loans

Universities oppose proposed cap and student loans in England | Higher Education

Universities across England have spoken out against proposals to limit student numbers and access to loans, describing the plans as likely to crush aspirations and entrench disadvantage. Responding to government consultation, the three main university groups have aligned themselves with the National Union of Students to oppose plans to limit undergraduates taking “low value” courses […]

Student loans

Student Loan Debt: Here’s How Much Alabama Residents Owe

(NEXSTAR) – Despite recent rounds of forgiveness for thousands of borrowers, nearly 43 million Americans are responsible for about $1.6 trillion in federal student loans. The Biden administration has signaled it intends to move forward with forgive at least some federal student loans. At the end of last month, President Joe Biden confirmed that while […]

Student loans

Student Loan Interest Rates Are About To Rise: NPR

With so much talk these days about when or if President Biden will globally cancel student debt — and with payments and interest on that debt suspended for more than two years — it’s easy to forget that the federal student loan system remains unchanged. And part of that system is about to come as […]

Student loans

The CDA Foundation seeks applicants for a student loan repayment scholarship of up to $250,000

The burden of student debt can make a career in public or community health nearly impossible for new dentists. The CDA Foundation Student Loan Repayment Bursary Program aims to encourage recipients to care for the underserved. Applications are now being accepted. Dental students today live with a reality that presents a strange dichotomy. Although the […]

Student loans

Guide to Federal Student Loans – 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 cost of undergraduate tuition and fees at a four-year public college is $9,400 per year, according to the National Center for Education Statistics (NCES). It can be a lot of […]

Student loans

4 reasons why your student loans may not be forgiven

President Joe Biden (Photo by ROBERTO SCHMIDT/AFP via Getty Images) AFP via Getty Images Here are 4 reasons why your student loans can do not get cancelled. Here’s what you need to know — and what that means for your student loans. Student loans There is unprecedented enthusiasm among student borrowers. Why? President Joe Biden […]

Student loans

Those Who Have Paid Off Student Loans Should Support Debt Cancellation

AOC said student loan forgiveness is good, even for those who have already paid off their loans. Biden is closing in on action on debt relief, saying a decision will be made in the coming weeks. He told reporters he was not considering forgiving $50,000 – an amount Progressives have demanded. Loading Something is loading. […]

Student loans

Act soon for the cancellation of public student loans

David GardnerFor the camera Student loans have been in the headlines with the latest extension of President Biden’s suspension of interest and payments until July 31 due to economic disruptions associated with COVID-19. This means that borrowers have gone more than two years without repaying their loan or having to pay interest on their student […]

Student loans

Biden confirms he won’t forgive $50,000 in student loans – 5 key takeaways

President Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images President Joe Biden has confirmed that he won’t cancel $50,000 in student loans. Here’s what you need to know — and what it means for your student loans. Student loans In a major announcement Thursday, Biden said he was do not considering $50,000 student loan […]

Student loans

She accused her ex-husband of abuse. She’s still stuck with her student loans. –Mother Jones

Illustration by Mother Jones; Getty Facts matter: Join for free Mother Jones Daily newsletter. Support our nonprofit reports. Subscribe to our print magazine. When Michelle and her husband divorced, a judge separated their assets. She got the televisions. He got the gas grill and freezer. Most of their debts were divided and, in many cases, […]

Student loans

Three things the country needs to do about student loans

NEW YORK, NY – NOVEMBER 13: Students hold signs as they stage a demonstration at Hunter … [+] College, part of New York University, to protest rising student loan debt for higher education and rally for tuition-free public colleges in New York City on November 13, 2015. ( Photo by Cem Ozdel/Anadolu Agency/Getty Images) Getty […]

Student loans

Student loan debt relief backed by young people, Harvard poll finds

Most young people surveyed in a poll recently released by Harvard University (85%) support government action on student loan debt. More than a third (38%) of 2,024 young Americans polled support full debt cancellation. When asked about mental health, 52% of young people surveyed reported feelings of depression or hopelessness. Young people want student debt […]

Student loans

Administration signals student loan forgiveness decision may be coming soon

The tens of millions of Americans struggling with student loans may finally hear soon what, if anything, the Biden administration has decided to do on debt forgiveness. “Not a single person in this country has paid a dime on federal student loans since the president took office,” White House press secretary Jen Psaki said at […]

Student loans

Biden was ‘positive’ about eliminating student debt but made no commitments, lawmaker says

California Democratic Representative Nanette Barragán told CNN on Tuesday that Biden and Democrats had discussed the scope of such a plan — including whether it would include public and private institutions — but the White House had not. made no commitment or specified a time frame to complete such a step. His comments on the […]

Student loans

5-year variable rate loans down slightly

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. The latest student loan refinance interest rate trends on the Credible Marketplace, updated […]

Student loans

Who qualifies for the $17 billion in student loan forgiveness Biden has approved so far?

(NEXSTAR) – During his candidacy, President Joe Biden voiced support for federal student loan forgiveness of $10,000 per borrower. Just over a year into his presidency, Biden has yet to deliver widespread student debt cancellation. The administration, however, canceled more than $17 billion in debt for some 725,000 borrowers for multiple reasons. Here’s who became […]

Student loans

Biden canceled $17 billion in student loans

President Joe Biden (Photo by Nathan Howard/Getty Images) Getty Images President Joe Biden has now canceled more than $17 billion in student loans. Here’s what you need to know — and what it means for your student loans. Student loans Biden has now canceled more student loans than any other president. Here is a breakdown […]

Student loans

If Biden cancels student loans, he could decide before then

President Joe Biden (Photo by Kevin Dietsch/Getty Images) Getty Images If President Joe Biden decides to decree large-scale student loan cancellation, he could decide before this date. Here’s what you need to know. Student loans Speculation about large-scale student loan cancellations could apparently be over. After years of back and forth debate over student loan […]

Student loans

Some student loans are online for relief. what you can do

It’s been a good month for those burdened with federal student loan debt. First, the Biden administration extended a moratorium on federal student loan payments and interest charges until August. Then on Tuesday the Department for Education announced it was reviewing payment records to give borrowers more credit for the progress they had made towards […]

Student loans

Biden is not done canceling student loans

President Joe Biden (Photo by Erin Scott-Pool/Getty Images) Getty Images President Joe Biden is not done canceling student loans. Here’s what you need to know — and how you can cancel your student loans. Student loans Biden has now forgiven $17 billion in student loans, and he’s not done. As student borrowers anxiously wait for […]

Student loans

Here are the sacrifices young adults have made to pay off their student loans

Thomas Barwich | Getty Images Soaring student debt has been devastating for young adults. As the cost of a college education rose, more and more students had to borrow to help pay for their education. Now, recent graduates are delaying some of life’s milestones because of the burden of their loans. Americans of all generations […]

Student loans

Millennials and Gen Z postpone major financial decisions because of student loans, study finds

Student loan debt has forced many young Americans to delay other major financial decisions, a new study finds. But despite the challenges, the vast majority said debt wouldn’t have stopped them from pursuing higher education in hindsight. Millions of Americans are burdened with student loans. It has exploded over the past two decades, with Americans […]

Student loans

Extended student loan payment freeze could help many California borrowers

For the past two years of the COVID-19 pandemic, the federal government has frozen student loan payments and reduced interest rates to 0%. This long moratorium on payments, coupled with upcoming policy change it will eliminate default and delinquent statuses — may leave many California borrowers better off than they were before the pandemic, when […]

Student loans

Progressives say climate inaction and student debt explain declining support for Biden among young voters

Progressive political watchers said Monday that peripheral pundits shouldn’t be surprised by President Joe Biden’s plummeting approval rating among voters under 34, given the Democratic Party’s failure to pass anti-poverty or climate action measures, and to address the student debt crisis after the president garnered significant support from young people in the 2020 election. Vote […]

Student loans

Lawmakers ask Education Department to overhaul ‘broken’ student loan program

The White House is under increased pressure to fix a federal program that public policy groups and consumer rights advocates say has failed to help millions of low-income student borrowers repay their loans as planned . Today, the heads of the House and Senate Education Committees are urging the Department of Education to overhaul the […]

Student loans

13 things a tax expert says you can do now to get a bigger refund next year

If you’re a freelancer or self-employed person and need to file a quarterly tax return, Jody says deducting your ordinary and necessary business expenses is a great way to lower your tax bill. So if you’re a writer, for example, these might include all the subscriptions you need for work, your internet service, and any […]

Student loans

Michelle Singletary: Prepare for student loan repayment after hiatus

Four more months. That’s how much time federal student loan borrowers have before their repayments resume. Or maybe not. It is possible that another repayment reprieve will extend the loan pause until the end of this year. But, even if that happens, if you have federal loans, it’s time to start planning for when your […]

Student loans

Biden to cancel student loans or extend student loan suspension by August 31

President Joe Biden (Photo by Chip Somodevilla/Getty Images) Getty Images An explosive new announcement from the White House: President Joe Biden cancel student loans or extend the suspension of student loans a fifth time before August 31, 2022. Here’s what you need to know — and what it means for your student loans. Student loans […]

Student loans

How unnecessary regulations are driving people into debt and losing their jobs

Immigrant Ilumi Sanchez appreciates the value of education. Before coming to the United States in 1995, she earned a law degree in her native Dominican Republic and worked as a lawyer. Her two children have also graduated from college, and Sanchez has helped support them with income from a home daycare center she operates in […]

Student loans

A student loan program had problems. Senators call for change : NPR

Senator Sherrod Brown of Ohio is one of three lawmakers calling for changes after an NPR investigation found mismanagement of income-contingent repayment (IDR) plans for student loans. Kevin Dietsch/Getty Images hide caption toggle caption Kevin Dietsch/Getty Images Senator Sherrod Brown of Ohio is one of three lawmakers calling for changes after an NPR investigation found […]

Student loans

What is a grace period for a student loan?

When you graduate from college or fall below halftime, most student lenders offer a grace period. A student loan grace period is a break between when you graduate and when you need to start repaying your student loans. A grace period allows you to start building an income in order to start repaying your student […]

Student loans

TECH TUESDAY: Avoiding Student Loan Scams

LANSING, Mich. (WLNS) — The pause on student loans gives people more time to prepare for repayment plans, but it also gives scammers more opportunities to find victims. Whether by phone or email, search for victims that you can take advantage of during the student loan break. The other thing? Scammers don’t care if you […]

Student loans

What happens when the student loan is flagged for full discharge?

Student Loan Applications are not always easy to understand and, in many cases, they are the first samples of a whole new world for those who apply, who have just finished their studies and who need to finance their higher studies. There are many different types of discharge when it comes to student loans, and […]

Student loans

10-year student loan refinance rates remain at favorable levels

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

Here’s how to prepare for August

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Student loan borrowers have a bit more time to defer repayment as President Biden on Wednesday […]

Student loans

Charleston labor attorney violates SC student loan law after deputy fired

CHARLESTON, SC (WCSC) – A Charleston-based employment attorney said it was rare for state law regarding student loans to lead to the firing of Charleston County Deputy Chief Joyce Smith last week. “I don’t think it’s very common because this is the first time I’ve heard of this situation,” said employment lawyer Marybeth Mullaney, who […]

Student loans

Student loan payment break: 5 questions

President Joe Biden (Photo by Chip Somodevilla/Getty Images) Getty Images President Joe Biden has extended student loan relief for the 4th time. Let’s answer your main questions. Here’s what you need to know. Student loans Now that Biden has extended the student loan payment break, you might be wondering what that means for your student […]

Student loans

Citizens Bank Student Loans Review 2022 – Forbes Advisor

Typically, student loan refinance lenders only work with applicants who have earned a bachelor’s degree or higher. However, Citizens Bank is an exception to the rule. You can qualify for a loan if you have an associate degree, or even if you left school before graduating. With an associate’s degree — or no degree at […]

Student loans

Filing Taxes with Student Loans: Top Tax Breaks That Can Help You Get a Bigger Refund

Alexander Zubkov/Getty Images This story is part Taxes 2022CNET’s coverage of the best tax software and everything you need to file your return quickly, accurately and on time. More than 43 million Americans have student loan debt and if you are one of them, you may not know that there are some tax credits and […]

Student loans

Biden’s latest student loan relief includes this major new benefit

US President Joe Biden delivers remarks in the East Room of the White House in Washington, DC, on … [+] April 5, 2022. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images The Biden administration announced a new round of federal student loan relief on Wednesday, including […]

Student loans

Biden’s 5 options for student loan relief

President Joe Biden (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images Here are President Joe Biden’s top 5 options for student loan relief. Here’s what you need to know — and what it means for your student loans. Student loans While Biden reportedly plans to extend student loan relief by four months, […]

Student loans

Nelnet Bank launches private student loan product

DRAPER, Utah, April 5, 2022 /PRNewswire/ — Nelnet Bank, an online bank providing education loan products for students and families, today announced the latest addition to its product line: Nelnet Bank Private Student Loans. Launched to offer students a new, flexible option to meet their financing needs, the loans will help borrowers meet education costs […]

Student loans

Should I repay my student loans? [Complete Guide]

By Andrew PaulsonCSLP, Lead Student Loan Consultant and co-founder of our partner site StudentLoanAdvice.com Deciding how and when to repay student loans is not an easy decision for most. Many of you feel overwhelmed by your mortgage-sized student loans and wonder, “How did I get into this mess? Student loans cause stress and burnout for […]

Student loans

Student loan debt following the retirement of some Americans

The pause on federal student loan repayments is set to end on May 1, but paying off college debt isn’t just an issue for Millennials and Gen Z. RICHMOND, Va. — At 61, Lori Scott plans to retire by 2024, taking nearly three decades of memories from her career in special education with her. But […]

Student loans

Biden faces growing pressure on student loans with looming deadline

President Biden is in a tough spot on student loans ahead of the midterms as pressure mounts from borrowers and Democrats for widespread cancellation. A key deadline adds to the pressure: On May 1, millions of borrowers will have to pay unless the freeze on federal student loan repayments put in place during the pandemic […]

Student loans

Shocking report shows complete mismanagement of your student loans

President Joe Biden (Photo by Alex Wong/Getty Images) Getty Images A shocking new report shows complete mismanagement of your student loans. Here’s what you need to know — and what it means for your student loans. Student loans A survey of NPR uncovered major student loan mismanagement for at least 9 million student borrowers. According […]

Student loans

AOC: Biden’s bad polls because of ‘young people who haven’t really been served’

Rep. Alexandria Ocasio-Cortez, DN.Y., told Hillary Vaughn of FOX Business on Friday, April 1, 2022 that President Biden should cancel student loans by executive order. Rep. Alexandria Ocasio-Cortez, DN.Y., spoke to FOX Business on Friday about the Biden administration’s commitment to more progressive areas of grassroots Democrats and the party’s chances ahead of the 2022 […]

Student loans

Democrats call on Biden to extend pause in student loan payments

A cohort of House and Senate Democrats write a letter to President Joe Biden asking the administration to extend the pause on federal student loan payments until “at least” the end of the year. What do you want to know A cohort of House and Senate Democrats have called on President Joe Biden to extend […]

Student loans

Winston-Salem seeks cancellation of student loans | Local News

Some members of the Winston-Salem City Council have said student loans are not an issue for the city to take a stand on, but a majority of the council voted Monday to ask the federal government to forgive student loan debt and to designate higher education as a “public”. good.” By a vote of 6 […]

Student loans

Democratic and Republican candidates from Ohio for the US Senate discuss student debt and the 2020 election in debate

Candidates for the U.S. Senate race from Ohio gathered for two debates on Tuesday at Central State University in Wilberforce, Ohio. Credit: Courtesy of Joshua A. Bickel/Ohio Debate Commission Tensions within the party erupted on Monday as candidates for the U.S. Senate race from Ohio gathered for two debates at Central State University in Wilberforce, […]

Student loans

The latest student loan refinance rates – and what to consider before refi

The latest student loan refinance rates Getty Images/iStockphoto For 10-year fixed-rate loans, the average student loan refinance rate rose slightly from the previous week to 4.16%, but 5-year variable-rate loan rates fell slightly to 3, 52%, according to Credible’s latest rates for the week ending March 28. That said, for those with credit scores of […]

Student loans

Biden is expected to decide today to suspend student loan payments and cancel the student loan

President Joe Biden (Photo by Julia Nikhinson-Pool/Getty Images) Getty Images President Joe Biden is expected to decide whether to extend the student loan payment pause and enact large-scale student loan forgiveness today. Here’s what you need to know — and what that means for your student loans. Student loans Student borrowers are eager to know […]

Student loans

SoFi is still a long-term buy despite the student loan moratorium

After weeks of a steady downtrend, Sofi Technologies (NASDAQ:SOFI) showed signs of bullish momentum. I’m not bearish on SOFI stocks – in fact, I’ve written about its long-term outlook several times. Credit: Michael Vi/Shutterstock I see a company that has racked up wins. SoFi has grown its revenue at a rapid pace and is beginning […]

Student loans

New Report Shares Details on Private Direct-to-Consumer Student Loans Market by 2022-2028

The research reports on “Private Student Loan Market” report provides a detailed overview of factors affecting the global scope of business. The information contained in the Global Private Student Loans Market report provides forecast data on the future growth of the global demand and supply market. The report initially provides a basic overview of the […]

Student loans

Many Californians may struggle with student loans when repayment break ends – Lake County Record-Bee

Nearly 545,000 Californians could struggle to repay their student loans when the federal pause on such payments ends May 1, the Sacramento Bee reported Wednesday. Based on a California Policy Lab study, the Bee reported that those likely to be at risk when the break ends are people who were “defaulted or defaulted on a […]

Student loans

What’s Next: Canceling Student Loan Debt

Newswise – On March 22, 2020, then-presidential candidate Joe Biden reiterated a campaign pledge by Twitter to “forgive a minimum of $10,000/person of federal student loans,” stating, “Youth and other student debt holders have borne the brunt of the last [financial] crisis. This shouldn’t happen again. » In his first year in office, President Biden […]

Student loans

Former US education secretary wants government to forgive all student loan debt

Former US Education Secretary John King has a bold proposal to accelerate the country’s economic recovery from the coronavirus pandemic and putting millions on a better path to financial security: Forgive all the $1.7 trillion Americans still owe on their student loans. King, who served under President Barack Obama, told CBS News that the federal […]