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Stories Tagged as

Student loan debt

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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Federal student loan payments have restarted. More than a third of borrowers missed the first one.

by Stephanie Hughes
Dec 28, 2023
Many borrowers need to reorganize their budgets. Disruptions in the loan servicing industry haven't helped.
Among the challenges for those restarting payments, many are working with new loan servicers.
Jemal Countess/Getty Images for We The 45 Million
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As student loan payments restart, borrowers feel the pinch. The economy might too.

by Henry Epp
Oct 2, 2023
Obligations resuming after three years could be a rude awakening for some. But by itself, it's not likely to start a recession, experts say.
The return of student loan obligations probably won’t tip us into a recession, but millions of Americans will feel the financial pinch, said Shannon Seery of Wells Fargo.
Brandon Bell/Getty Images
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Which student loan relief plan makes the most sense for you?

by Janet Nguyen
Sep 20, 2023
There are still options for borrowers, despite the defeat of Biden’s cancellation plan. The new SAVE repayment plan is one of them.
While the Biden administration wasn't able to strike down $20,000 in student loan debt, one change it's pushing is a reformed repayment plan.
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Older people also face student loan debt burden with payments looming

by David Brancaccio , Chris Farrell and Alex Schroeder
Sep 14, 2023
Much attention is paid to younger borrowers, and rightfully so. But some 3.5 million Americans 60 and older hold substantial debt.
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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."
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Are Americans ready to start paying student loans again?

by Samantha Fields
Jul 24, 2023
Student loan payments will resume this fall, but a new study from TransUnion shows that many people have taken on new debt in the meantime.
More than 40 million people have federal student loans, and payments will resume this fall after a multiyear hiatus.
Kevin Dietsch/Getty Images
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With student loan forgiveness program struck down, borrowers brace for impact

by Mitchell Hartman
Jul 3, 2023
Some of those who owe the least could be among the most affected.
Protestors demonstrate in front of the White House after the Supreme Court struck down Biden's student debt forgiveness plan.
Anna Moneymaker/Getty Images
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I've Always Wondered ...

What do elite colleges do with all that endowment money? 

by Janet Nguyen
Feb 17, 2023
Harvard University alone has a $51 billion endowment.
Some lawmakers and advocates have questioned whether Ivy Leagues like Harvard (pictured above) should spend more of their endowment funds.
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Biden student loan plan would let borrowers pay less, get forgiveness faster

by Stephanie Hughes
Jan 10, 2023
People who borrowed less than $12,000 for undergrad schooling could have debt forgiven after making regular payments for a decade.
Under the regulations, people who borrowed less than $12,000 for their undergraduate education could receive debt forgiveness after making regular payments for a decade.
Brandon Bell/Getty Images
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