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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 […]
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 […]
San Diego, California, March 15, 2022 — (PR.com) — iGrad has partnered with Central Michigan University to provide its personalized, interactive, online, and mobile student financial wellness platform to nearly 15 000 public university undergraduate and graduate students, faculty, staff, and alumni. iGrad’s platform at CMU includes comprehensive personalized and interactive information on everything from […]
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) […]
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 […]
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 […]
A university in Maine forgives an average of about $2,100 in debt for hundreds of its students. This week, notices were sent to more than 730 students at the University of Southern Maine (USM) explaining that the school had automatically deducted this amount from their accounts. “We’ve had very positive ratings from students saying, ‘wow, […]
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 […]
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 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 […]
fizkes / iStock.com A White House official said the Biden administration is considering extending the pause on student loan payments — which is currently set to expire in less than two months — although nothing official has been decided yet. See: Freezing Student Loan Forgiveness Plans –– What happens when the moratorium ends?Find: How Gen […]
Mark Ross, Opinion Editor The student loan system is changing. In order to reduce the exorbitant government tuition bill and reduce the number of graduates, some students will now repay a higher percentage of their loan. Probably fair enough? Not when the poorest students, not the highest earners, pay. In a recent speech, Universities Minister […]
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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 […]
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 […]
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 […]
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 […]
subjug/iStock.com There is a direct correlation between higher education and higher salaries; but, for millions of Americans, the dream of college is only attainable through the nightmare of student debt. The country’s 45 million student borrowers collectively owe $1.7 trillion, according to Forbes. For women, the financial burden of education is particularly high. Related: 2 […]
Higher education opens the door to opportunities and well-paying jobs – for our children, our workers, and for our local businesses and hospitals, as they face a shortage of workers with the right skills and credentials. It’s time to tear down some long-standing barriers to higher education for Washington students and families. This would better […]
Millennials have been carrying economic baggage since the Great Recession. While some are doing well financially, others have faced a host of challenges. Student debt, the housing crisis and now inflation are just a few of their economic problems. Millennials just can’t take a break. The generation, made up of people aged 26 to 41 […]
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, […]
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 […]
How to get out of student loan debt. Getty Images/iStockphoto Question: My mother co-signed my sister’s student loan for her online school, but life got in the way of my sister and due to her mental health (she is now considered totally disabled) she was unable to make her payments. Then the student loan company […]
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 […]
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: […]
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 […]
Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. Cleveland, Feb. 23 2022 (GLOBE NEWSWIRE) — Splash Financial (Splash), the online lending platform that democratizes access to better student loan deals, today announced a record-breaking 2021 and new lending partners added to its student loan pricing engine and automated lending platform. […]
Cleveland, Feb. 23 2022 (GLOBE NEWSWIRE) — Splash Financial (Splash), the online lending platform that democratizes access to better student loan deals, today announced a record-breaking 2021 and new lending partners added to its student loan pricing engine and automated lending platform. With financial uncertainty caused by the pandemic and interest rates at historic lows, […]
Students from disadvantaged backgrounds in England could be barred from going to university unless they achieve strong GCSE or A-level grades, under proposals to be announced by the government this week. The government is due to publish its long-awaited response to the Augar review of higher education funding on Thursday, and the Guardian has learned […]
(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 […]
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, […]
After the Biden administration canceled $415 million in student debt for victims of for-profit colleges, Sen. Bernie Sanders (I-Vermont) called for the cancellation of all student debt, a move that could relieve tens of millions of borrowers of what is often a huge financial burden. Wednesday, the Ministry of Education announced that he was canceling […]
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 […]
After five long years of development, it looks like the new student center at NC Central University could open in the spring of 2022, barring further delays. The student center was originally scheduled to open in 2021. Walter Lennon, project manager at NCCU, said he’s excited for students to enjoy the new building. “It’s going […]
DALLAS (AP) — Nearly two decades ago, State Representative Helen Giddings and State Senator Royce West helped lay the groundwork for a new four-year college in the heart of South Dallas. . The Dallas Morning News reports that seeing that dream come to fruition, Giddings said, has been thrilling. Giddings and West recently participated in […]