You Searched For "Borrowing to Pay" and got 19 results
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2 mins read
Over 27,000 student-loan borrowers are getting $4.1 million in payments in the mail after debt relief companies 'lured' them into 'fake loan forgiveness claims,' a federal consumer agency says
The FTC accused companies of using a "scheme" to trick student-loan borrowers into paying illegal f…
Ayelet Sheffey
4 mins read
What student-loan borrowers should know about Biden's new debt relief proposals — and why advocates argue they're not enough
Biden introduced a plan to reform income-driven student-loan repayment plans, but some borrowers wo…
Ayelet Sheffey
4 mins read
All 4 major student-loan companies have now gotten punished for customer service issues as borrowers struggle with repayment — and it might not be the end
Since student-loan payments resumed, millions of borrowers have encountered issues with their servi…
Ayelet Sheffey
5 mins read
What is simple interest? A straightforward way to calculate the cost of borrowing or lending money
Simple interest helps investors deduce how quickly their money will grow over time, and helps borro…
Amena Saad
4 mins read
Why Biden's plan to make monthly student-loan payments cheaper could end up sticking borrowers with the same repayment struggles they've had for decades
Biden introduced a new plan to lower student-loan borrowers' monthly payments, but one expert worri…
Ayelet Sheffey
2 mins read
Obama Announces Expansion Of Student Loan Relief Plan That Will Help 5 Million With College Debt
The PAYE plan is currently available to any person who has taken out a federal education loan since…
4 mins read
Here's exactly how much you'll pay your mortgage company over 10, 15, or 30 years
The formula works backwards from the idea that each month, a borrower will be charged interest on t…
Andy Kiersz
2 mins read
'Shark Tank' star Kevin O'Leary explains how young student-loan borrowers can also invest and pay off their credit card balances
Young Americans with student debt shouldn't put all their extra money toward paying it off, said Sh…
Jacob Zinkula,Ayelet Sheffey
1 min read
Even A Poll Asking People How The Debt Ceiling Works Doesn't Understand How The Debt Ceiling Works
The point the president and Democrats repeatedly make about raising the debt limit is that it allow…
Josh Barro
2 mins read
Over 22,000 student-loan borrowers are getting $9 million in refunds after being charged up to $800 in 'illegal' fees for debt relief services, federal watchdogs say
The FTC and DOJ announced thousands of student-loan borrowers will be getting refund checks after b…
Ayelet Sheffey
2 mins read
Student-loan companies 'didn't care' when debt loads surged for borrowers and 'became unpayable,' Elizabeth Warren says
Sen. Elizabeth Warren called out the interest rates on student loans that keep borrowers "in repaym…
Ayelet Sheffey
2 mins read
Interest rates on student loans are rising yet again. It'll make things a lot more expensive for new borrowers this fall.
Interest rates on federal student loans are increasing by more than 1% on July 1, marking the highe…
Ayelet Sheffey
1 min read
About 20% SBI borrowers opt for loan repayment moratorium: Chairman
"Right now, the moratorium will take care of the situation around the cash flow disruptions. I woul…
PTI
1 min read
About 20% SBI borrowers avail loan repayment moratorium: Chairman
"Right now, the moratorium will take care of the situation around the cash flow disruptions. I woul…
PTI
3 mins read
Biden's Education Department just proposed a new way to make monthly student-loan payments 'more affordable and manageable than ever before'
Biden's reformed income-driven repayment plan would cut undergraduate student-loan payments in half…
Ayelet Sheffey
2 mins read
It will be 'a challenge to motivate' student-loan borrowers to pay off their debt after a 2-year pause, the Education Department tells government watchdog
Ahead of payments resuming in May, the Education Department is reaching out to borrowers, but it ha…
Ayelet Sheffey
2 mins read
Millions of student-loan borrowers 'appear to be at risk' of not knowing 'vital' information about when payments restart, Elizabeth Warren says
Sen. Warren joined 7 of her colleagues in asking Biden's Education Department for updated informati…
Ayelet Sheffey
2 mins read
Student-loan borrowers facing bad customer service could be transferred to a 'high-performing' company if issues persist, Biden's Education Department says
The Education Department put student-loan companies on notice in new guidance: properly serve borro…
Ayelet Sheffey
2 mins read
Here's why the US doesn't have to pay off its $31 trillion mountain of debt, according to Paul Krugman
"When governments for one reason or another run up large debts, it is, as far as I can tell, unusua…