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Stories Tagged as

Student debt

Student loan borrowers are in limbo while legal challenges wend through courts

by Samantha Fields
Sep 5, 2024
An appeals court has temporarily blocked a Biden plan that would reduce monthly payments for many to just 5% of their income.
The Biden administration rolled out the SAVE plan last year. The loans of 8 million borrowers were paused when an appeals court suspended the program in July.
Andrew Caballero-Reynolds/AFP via Getty Images
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Biden administration tries again to relieve student debt

by Savannah Peters
Aug 1, 2024
It's trying a different route to loan forgiveness, but it is unclear how successful the plan will be.
President Joe Biden's administration is eyeing statutory rules changes to waive accrued interest in its latest attempt at debt relief. Above, Biden in April.
Andrew Caballero-Reynolds/AFP via Getty Images
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New study indicates finances are putting some adults off having children

by Samantha Fields
Jul 29, 2024
The survey from the Pew Research Center says child care costs and student debt are among the factors dissuading potential parents.
Sean Gallup/Getty Images
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Have student loans? Want forgiveness? An important deadline is coming up.

by Samantha Fields
Apr 26, 2024
Certain federal loan holders must consolidate by April 30 to qualify through Income-Driven Repayment and Public Service Loan Forgiveness.
The Education Department is reviewing more than 40 million federal student loan accounts and granting credit for years of past payments that previously didn’t count toward forgiveness.
J. David Ake/Getty Images
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Biden cancels $5.8 billion in student debt for public service workers

by Stephanie Hughes
Mar 22, 2024
The federal government is trying to make sure eligible borrowers are able to get credit for payments made under the Public Service Loan Forgiveness program.
Under the Public Service Loan Forgiveness program, eligible borrowers like teachers make student debt payments for a certain number of years and the rest should be forgiven. That hasn't always happened though.
Daniel Leal/AFP via Getty Images
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As student loan payments resume, private sector sees an opportunity

by Stephanie Hughes
Oct 9, 2023
According to PitchBook, there’s been nearly $1.2 billion invested in student loan management startups in the past year.
After not having to deal with student debt for more than three years, many people are feeling anxious about repayments.
Christopher Furlong/Getty Images
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More than 800,000 people are getting student loans forgiven

by Samantha Fields
Sep 5, 2023
It's part of a one-time fix by the Biden administration to the income-driven repayment program for federal student loans.
Last spring, the Biden administration announced a one-time fix to rectify what the education secretary called “years of administrative failures” with the income-driven repayment program.
Brandon Bell/Getty Images
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Some Republicans are exploring a new position on student loan debt

by Nancy Marshall-Genzer
Jul 31, 2023
The proposal bucks the party's usual laissez-faire approach.
To have your student loan debt discharged by a judge, one must prove it’s causing them “undue hardship."
Eros Hoagland/Getty Images
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Student debt help could be a new worker perk with loan payments resuming soon

by Stephanie Hughes
Jun 16, 2023
It’s still a relatively rare benefit: About 8% of employers in the country offer help with student loan debt.
Employers who offer some sort of benefit that helps workers with student debt see it as part of competing for talent in a tight job market.
Paras Griffin/Getty Images
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COVID-19

After high school years interrupted by COVID, students calculate the cost of college differently

by Stephanie Hughes
May 25, 2023
This spring, there were 14.2 million undergraduates in the U.S., about 9% fewer than in spring 2019.
This spring, there were 9% fewer undergraduate students in the U.S. than there were in spring 2019.
Brandon Bell/Getty Images
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