The announcement covers 317,000 former students and marks another step in the administration’s student loan relief efforts.
Category: Student Loans
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Biden’s Student Loan Repayment Plan Is Being Challenged. Here’s What to Know.
The income-driven plan known as SAVE has reduced payments for millions of borrowers. Lawsuits by Republican-led states are seeking to upend it.
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Some Colleges Will Soon Charge $100,000 a Year. How Did This Happen?
Some Vanderbilt students will have $100,000 in total expenses for the 2024-25 school year. The school doesn’t really want to talk about it.
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Student Debt Is Standing in the Way of Future Nuns and Priests
For young adults who want to join certain religious orders, paying off debt before taking a vow of poverty can prove challenging. But their communities are willing to help.
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Biden Approves $5.8 Billion in Student Debt Cancellation for 78,000 Borrowers
The incremental relief brings the canceled total to $143.6 billion for nearly four million Americans.
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What the Fed’s Rate Moves Could Mean for Loans, Mortgages and Savings
Higher rates benefit those who can save, but for borrowers, falling rates would reduce bills on credit cards, student loans and other forms of debt.
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A New Perk for Some Student Loan Borrowers: A 401(k) Match
Legislation that went into effect this year makes it easier for student loan borrowers to save for retirement while paying down their debt.
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A New Perk for Some Student Loan Borrowers: A 401(k) Match
Legislation that went into effect this year makes it easier for student loan borrowers to save for retirement while paying down their debt.
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What the Fed’s Moves Mean for Mortgages, Credit Cards and Savings
Higher rates benefit those who can save, but for borrowers, falling rates would reduce bills on credit cards, student loans and other forms of debt.
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Biden Cancels Another $5 Billion in Student Loan Debt
Most of the borrowers who will benefit from the latest wave of relief are teachers, nurses, firefighters and others in public service.
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For Some Young People, College Is Not Worth the Debt
Because of high costs, some high school graduates have opted to delay, drop out of or forgo attending college all together to avoid student debt that could hang over them for decades.
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Some Student Loan Borrowers May Be Eligible for Forgiveness Sooner
Next month, federal student loan borrowers may have their debt canceled if they are enrolled in the SAVE plan, initially borrowed $12,000 or less and made 10 years of payments.