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3 mins read
A student-loan company's 'history of mismanagement' is putting millions of borrowers in public service at risk with payments about to resume, 2 Democratic lawmakers say
Reps. Katie Porter and Joe Courtney asked student-loan company MOHELA's CEO how it's preparing for …
Ayelet Sheffey
2 mins read
Student-loan payments resume in 2 months as Biden nears a decision on federal debt cancellation
Advocates are pushing Biden to cancel student debt and extend the payment pause, as the GOP slams h…
Ayelet Sheffey
2 mins read
Student-loan borrowers shouldn't have to pay off debt Biden 'has promised to cancel,' 180 organizations say — and they're calling for another payment pause extension
The NAACP and major unions signed onto a letter exclusive to Insider urging Biden to "enact robust …
Ayelet Sheffey
3 mins read
A conservative group just asked the Supreme Court to block Biden's student-loan forgiveness, saying it is 'critical' the relief is halted this week
A Wisconsin conservative group is escalating their request to block student-debt relief to the Supr…
Ayelet Sheffey
4 mins read
Here’s why a home loan is cheaper for you than what the safest borrower in the country pays as interest
Home loans are at their lowest in the past one decade, with banks and financing companies offering …
4 mins read
Meet a single mom who took on $49,000 in student debt to put one of her 2 daughters through college: 'It's the only way for my kids to get an education and be successful'
Danet Henry says her debt may double when her younger daughter graduates from college, so "loan for…
Ayelet Sheffey
1 min read
Rep. George Santos adds to the chorus of insults by describing himself as 'simple-minded' in Newsmax interview
Responding to campaign finance concerns, Rep. George Santos referred to himself as "simple-minded" …
Joshua Zitser
2 mins read
Biden's decision to block thousands of student-loan borrowers with privately held debt from his loan forgiveness is 'disturbing' and a 'big mistake', some Democratic lawmakers say
"I certainly don't think we should be going backwards in any way," Rep. Khanna said after Biden sca…
Ayelet Sheffey
2 mins read
Biden ignores question on whether he will cancel $10,000 in student debt something he promised to do during his campaign
During his first solo press conference of 2022, Biden was asked whether he plans to cancel student …
Ayelet Sheffey
2 mins read
A federal judge just temporarily paused Biden's student-loan forgiveness plan
The Republican-led states suing student-debt cancellation prevailed as a judge ruled in favor of bl…
Ayelet Sheffey,Lloyd Lee
2 mins read
Transitioning millions of student-loan borrowers back into repayment this year will be a 'huge undertaking,' Biden's Education Department says
"The world of servicing federal student loans is changing rapidly," Federal Student Aid's managemen…
Ayelet Sheffey
5 mins read
Biden promised student-loan borrowers cheaper payments and more debt relief. The government might not have enough money for everyone to actually get those benefits.
One key thing could determine whether student-loan borrowers actually see the debt relief, and host…
Ayelet Sheffey
2 mins read
4 ways Elizabeth Warren is asking Biden to simplify student-debt forgiveness so more borrowers get the relief they deserve
Sen. Elizabeth Warren joined six of her Democratic colleagues in urging the Education Dept. to stre…
Ayelet Sheffey
2 mins read
Over 14 million student-loan borrowers will resume payments this year under new companies — and that'll further 'complicate' the repayment process, a federal consumer watchdog says
Student-loan payments are resuming in October after a years-long pause, and the CFPB found it likel…
Ayelet Sheffey
2 mins read
The government's new spending bill has protections for student-loan borrowers dealing with bad behavior by companies that manage their debt
The bill doesn't increase funding to overhaul student-loan servicing, but it includes measures to h…
Ayelet Sheffey
2 mins read
Frank, the college loan start-up JPMorgan is suing for fraud, was warned by the FTC for misleading students about Covid relief money
The FTC's warning was at least the second time Frank and founder Charlie Javice were accused of mis…
Katherine Long
4 mins read
Meet a 57-year-old dad with $104,000 in student debt for his son: 'It was my obligation to do the best I could for him'
Jeff O'Kelley was making $40,000 a year when he took out a student loan for his kid. He says it was…
Ayelet Sheffey
2 mins read
Student-loan borrowers can now apply for debt cancellation, but the relief is still in limbo with lawsuits in the mix
You can apply for Biden's student-debt relief through a beta version, but Republican-led lawsuits c…
Ayelet Sheffey
2 mins read
Payments firm ZestMoney raises $50 million to test out insurance business
Payments company Zestmoney, which allows customers to ‘buy now and pay later’ (BNPL), has raised $5…
4 mins read
DBS Bank’s handcrafted solutions to empower MSMEs across India
Being a major contributor to the socio-economic development of the country, this sector has been…