Federal student loan repayments have been on hold for more than two years due to the pandemic. As borrowers check their student loan account and consider resuming payments before the the hiatus is set to end on August 31Public service workers like teachers, nurses, first responders, government employees, and firefightersRead More →

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 for 10-year fixed-rate private student loans rose slightly last week. For borrowers looking for private loans to fill gaps to pay for higherRead More →

By Alex TanziFrom Bloomberg News A majority of borrowers who together hold about $400 billion in federal student debt have made no payments on their loans in the pandemic era, taking full advantage of a freeze put in place at the start of the crisis of COVID-19. Data from theRead More →

After making rule changes in October 2021 and again in April this year, the Public Service Loan Forgiveness Program has now forgiven a total of $7.3 billion in student loans for more than 127,000 borrowers. , according to the US Department of Education. During President Joe Biden’s tenure, the departmentRead More →

For most of us, debt is a necessary evil. Paying it can be one of the most liberating and empowering achievements in the world, worth celebrating. Mic’s series fully paid tells the stories of those triumphs and might help you understand how to achieve zero balance as well. Last name:Read More →

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 twoRead More →

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. AccordingRead More →

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. Patiently waiting to find out if yourRead More →

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 fell last week. For many borrowers, that means rates continue to be low enough to make privateRead More →

Student loans have become a hot topic. And it’s no wonder why. According to the Federal Reserve, the United States owes more than $1.6 trillion in student loan debt — yes, that’s a trillion with a T. It seems everyone is trying to solve this problem with good (and notRead More →

designer491/iStock.com Student organizations, unions, groups that represent nurses and teachers, special interest groups, and lobbyists of every imaginable persuasion join President Biden’s drive to cancel student debt for millions of Americans. . Cash App Borrow: How to Borrow Money on Cash AppLearn: Here’s how much cash you need to hoardRead More →

Source: Nigel Carse/Getty Jhe student debt crisis has crippled nearly 43.4 million borrowers across the country. According to the Education Data Initiative, the average student at a public university borrows $30,030 to earn a bachelor’s degree. Meanwhile, those attending private universities borrow an average of $43,900. For the past twoRead More →

Federal student loan repayments have been suspended for more than two years now and talks about student loan forgiveness have yet to materialize for the majority of Americans. Although no official decision has yet been made on widespread student loan forgivenessit’s possible payment break will be extended beyond September. EducationRead More →

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. With interest rates rising, borrowers may consider refinancing their student loans to lock in lower interest rates while they can. And if you have private student loans,Read More →

A pool of higher education loans, the vast majority of which have either been refinanced or extended to students with greater financing needs, secures the Iowa Student Loan Liquidity Corp. Series 2022A and 2022B and will raise 155 $.7 million in capital markets. The trust will issue taxable and tax-exemptRead More →

Kameleon007 / iStock.com Every year, thousands of borrowers file complaints about their student loan officer with the Consumer Financial Protection Bureau (CFPB). According to the CFPB, “dealing with your loan servicer or lender” was one of the most cited reasons for filing a complaint in 2021. Discover: Surprising things youRead More →

President Joe Biden speaks in the East Room of the White House on June 2, 2022. Al-Draco | Bloomberg | Getty Images The Biden administration is unlikely to announce a decision on student loan forgiveness before the end of the summer, The Wall Street Journal reported Monday. The more thanRead More →

The White House, Washington, DC Joe Daniel Price | time | Getty Images Tens of millions of Americans are anxiously awaiting news from the Biden administration on what it plans to do about widespread student loan cancellation. More recently, the White House reportedly leaned towards a $10,000 per borrower cancellationRead More →

As federal lawmakers weigh options for reducing student loan debt, including debt forgiveness and zero-interest loans, the number of Connecticut students receiving student loans has steadily declined over the past decade, but their debt remains stagnant. According to the National Center for Education Statistics, the average cumulative amount of loansRead More →

So far, the administration’s actions have largely focused on students who have been defrauded by now closed schools, like Corinthian. But these measures have also sharpened the debate over whether the rising cost of higher education is an excessive burden on young adults. Opponents say simply forgiving students debt isRead More →

Posted: 2022-06-02 14:16:41 Modified: 02/06/2022 14:14:41 I commend the Amherst City Council for making the morally right decision to vote to pass a resolution calling on President Joe Biden to cancel all student debt, and I want to thank Councilors Pat DeAngelis, Ana Devlin Gauthier, Ellisha Walker and Andy SteinbergRead More →

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) have introduced newRead More →

What is happening The suspension of federal student loan repayments continues until at least September, but borrowers still owe their debt balances. why is it important Since full student loan forgiveness seems unlikely, borrowers could pay off their debts interest-free during the break. And after The Biden administration could furtherRead More →

In March 2020, the United States Department of Education extended a series of relief measures aimed at helping borrowers with federal student loans through the pandemic. The temporary deferment period applied to eligible federal student loans and included the following: A suspension of payments A fixed interest rate of 0%Read More →

As the federal government debates canceling student loans and raising interest rates on future loans, the Washington state legislature is stepping in to make school loans more affordable for students here. Governor Jay Inslee signed House Bill 1736 in March, establishing a low-interest student loan program to make higher educationRead More →

Navient Headquarters in Delaware. Picture file CONCORD, NH – The state attorney general’s office announced May 16 that it has reached an agreement with attorney Navient Corporation and Navient Solutions, LLC (“Navient”), a student loan servicer, to provide $3,590,988 $.96 in debt forgiveness to 129 New Hampshire student borrowers. “ThisRead More →

EAST HARTFORD, CT – The for-profit career school Stone Academy has settled $1 million following allegations that it lowered the default rate of its former students by sending payments to loan companies at the name of his students, the Connecticut district attorney’s office said. The school and its owner, MarkRead More →

The latest student loan refinance rates. Getty Images/iStockphoto Student loan refinance rates fell from the previous week. For 10-year fixed rate loans, the average rate was 4.98% (down slightly from 4.99%), and for 5-year floating rate loans, it was 3.53% (compared to 3.92% the previous week), according to the mostRead More →

WASHINGTON, DC – MAY 25: US President Joe Biden talks to guests in the East Room of the White … [+] House on May 25, 2022 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) Getty Images Over the past seven months, the Biden administration has announced a series of initiativesRead More →

Of all the failed policies of President Joe Biden and his Democratic socialist enablers, allowing people to get out of student loan debt is perhaps the most troubling. The irresponsible tax policies pushed by elected Democrats have given us historically high inflation that is punishing hard-working families with dramatically risingRead More →

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: hisRead More →

At this time of year, thousands of students cross the stage to receive their degrees, but they are also the target of student loan scammers. Voicemails, text messages, and emails that all sound genuine are sent to the borrower. Many of them promise things like student loan forgiveness. “I getRead More →

Kool99 | Istock | Getty Images Contact your lender Due to the pandemic-era payment pause on student loan bills, most borrowers haven’t made a payment in more than two years. Now the bills are expected to hit mailboxes again in September. Even if some student debt is forgiven, you mightRead More →

Student borrowers rally near the White House to tell President Biden to cancel student debt. (Paul Morigi/Getty Images) May 22, 2022 at 7:00 a.m. EDT Millions of Americans rely on the federal government to cover the cost of college. Student loans have been around for generations, but borrowing has onlyRead More →

In one of the most expensive communities in the state, the three Democratic primary candidates for the new US House seat in western Montana each tried to convince voters that they would be the best choice to meet the high cost of living in a fast-paced state. With two andRead More →

Srirat Pongcharoen // Shutterstock States with the highest default rates on student loans Woman with coins and calculator in her hand surrounded by bills fizkes // Shutterstock Arkansas close-up of woman using laptop and calculator Mark Hayes // Shutterstock Kentucky Close up of a late reminder fizkes // Shutterstock AlabamaRead More →

May 19, 2022 4:33 p.m. ET Student borrowers demonstrate for debt cancellation near the White House on May 12. Photo: Paul Morigi/Getty Images Regarding Richard Shinder’s op-ed “Student Loan Relief Should Happen in Bankruptcy Court” (May 11): I propose the following adjustments: The federal government stop providing student loans. CongressRead More →

There are many things student borrowers should consider right now as the debate continues over … [+] wider cancellation of student loans. Getty It’s a bit of a strange time to be a student borrower. Payments and interest on many federal student loans have been suspended for more than twoRead More →

President Joe Biden (Photo by NICHOLAS KAMM/AFP via Getty Images) AFP via Getty Images Here’s what student borrowers think about student loan forgiveness – and it’s not what you expect. Here’s what you need to know. Student loans A new report from the Federal Reserve Bank of Philadelphia shows whatRead More →

Last January, student loan company Navient was forced to forgive $1.7 billion in federal student debt as part of a federal settlement ruled by Attorney General Maura Healey. The settlement, which also required Navient to distribute $95 million in restitution to about 350,000 federal borrowers, came after a long fightRead More →

Astra Taylor Source: Isabelle De Maddalena Astra Taylor took out her first student loan at age 17. She attended Brown University and The New School, and owed tens of thousands of dollars when she defaulted on her debt during the 2008 financial crisis. “Overnight they added 19% to my principal,”Read More →

Inflation reached a 40 year record 8.5% in March and fell slightly to 8.3% in April. In times of high inflation, such as now, your dollar is worth less. You may have also heard that there is an upside – that your student debt is now worth less. And whileRead More →

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Borrowing federal student loans is about to get more expensive. Federal student loan interest rates are tied to the 10-year Treasury bill and determined using a formulaRead More →

More than 113,000 borrowers have been approved for a combined $6.8 billion in loan forgiveness under the Public Service Loan Forgiveness Program, according to the US Department of Education. This initiative to help public servants qualify for student loan debt forgiveness began in October last year when changes were madeRead More →

Obtaining a university degree is an important milestone for students in the UK. For some it symbolizes the opening of a new chapter and for others it is the achievement of a the dream becomes reality . And for a great-grandmother, earning her master’s degree at the age of 79Read More →

Federal student loan interest rates are expected to rise for the 2022-23 academic year, following the US Treasury Department’s 10-year note auction on Wednesday afternoon. The new rates will be 4.99% for undergraduate loans, 6.54% for direct unsubsidized graduate loans and 7.54% for PLUS loans. These rates will come intoRead More →

North Dakota has the country’s only public financial institution – the Bank of North Dakota. Having this resource allows citizens of North Dakota special privileges not available to the rest of the nation; including the possibility of pursuing post-secondary education funded by the BND. In good faith, citizens of NorthRead More →