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2 mins read
2 federal courts just blocked student-loan forgiveness and cheaper monthly payments under Biden's new repayment plan
Two separate rulings from federal judges in Kansas and Missouri halted student-debt cancellation an…
Ayelet Sheffey
2 mins read
Some student-loan borrowers will soon get cheaper monthly payments through Biden's new repayment plan — but their accounts might be paused in the meantime
The Education Department is placing some student-loan borrowers on the SAVE plan on forbearance as …
Ayelet Sheffey
4 mins read
Student-loan borrowers who were set to get debt cancellation or lower payments through Biden's new repayment plan won't get it for now. Here's what you need to know.
Two separate court rulings blocked parts of the SAVE plan, including student-debt relief and cheape…
Ayelet Sheffey
3 mins read
A major student-loan company has 'illegally' tried to collect payments from borrowers whose balances were already wiped out through bankruptcy, a federal watchdog alleges in a new lawsuit
The CFPB sued student-loan company PHEAA, accusing it of ignoring borrowers' bankruptcy discharges …
Ayelet Sheffey
2 mins read
Centre has sanctioned Rs 21,253 crore to tackle Kerala's economic crisis, MoS for Electronics and IT reveals
Prime Minister Narendra Modi has come forward to assist Kerala in a bid to alleviate the state from…
ANI
3 mins read
A $0 monthly student-loan payment could hurt some borrowers in the long term. An upcoming policy could change that.
The Philadelphia Fed found that having a $0 monthly student-loan payment helps borrowers who need i…
Ayelet Sheffey
2 mins read
Trump calls Biden's student-loan-forgiveness efforts 'vile' and suggests voters shouldn't count on that relief if they elect Trump
During a campaign speech in Wisconsin, former President Donald Trump said Biden's student-debt-canc…
Ayelet Sheffey
3 mins read
Middle-class Gen Xers are facing a new retirement challenge: their student loans
Student-loan debt is weighing down older workers, who may see their Social Security garnished to pa…
Juliana Kaplan,Ayelet Sheffey
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
2 mins read
Some student-loan borrowers have one week left to benefit from a temporary measure that'll bring them closer to debt cancellation
Student-loan borrowers on income-driven repayment plans and PSLF have until June 30 to consolidate …
Ayelet Sheffey
2 mins read
Some student-loan borrowers who fall behind on payments risk losing their Social Security benefits. 33 Democratic lawmakers want that 'devastating practice' to end.
Sen. Elizabeth Warren joined some of her colleagues in pushing to end Social Security garnishment f…
Ayelet Sheffey
2 mins read
160,500 more student-loan borrowers are getting $7.7 billion in 'much needed' debt cancellation
The latest student-loan forgiveness announcement means that more than one out of every 10 federal b…
Ayelet Sheffey
8 mins read
These student-loan borrowers qualify for debt cancellation through the government, but they're struggling to get the same relief on their private balances: 'I feel so defeated. I feel trapped.'
Biden forgave student loans for borrowers who went to schools accused of fraud. Private borrowers a…
Ayelet Sheffey
3 mins read
Paid off your home loan? You need to complete this following checklist
If you've fully repaid your home but are experiencing delays from banks in providing your mortgaged…
2 mins read
Some student-loan borrowers can now get a retirement savings boost if they make payments on their debt
A provision in Secure 2.0 that allows employers to put the amount of student-loan borrowers' paymen…
Ayelet Sheffey
2 mins read
Student-loan borrowers just got 2 extra months to benefit from a temporary debt relief reform
Student-loan borrowers now have until June 30 to consolidate their loans and get the one-time accou…
Ayelet Sheffey
2 mins read
Here’s how one can use the avalanche method to pay off lingering debts
One of the best debt payment strategies is known as the avalanche method. The process is simple. Yo…
2 mins read
These student-loan borrowers have 90 days to get a refund on any payments made since October
Student-loan borrowers who were placed on forbearance have up to three months to request refunds on…
Ayelet Sheffey
3 mins read
Student loan payments are back. For many, that means the golden era of splashy vacations and nonstop travel is over.
Student loan borrowers enjoyed a few years of freewheeling travel when payments were paused. Now, t…
Jordan Parker Erb
2 mins read
Student-loan borrowers in public service will now have to wait until July for their debt relief forms to be processed
The Public Service Loan Forgiveness program is transferring away from student-loan company MOHELA, …