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Student loans

Biden's student loan forgiveness plan goes before the Supreme Court

by Samantha Fields
Feb 28, 2023
At issue is if the president has the authority to cancel up to $20,000 in federal student debt for some 43 million borrowers.
President Biden's signature student-debt policy is now in the hands of the nine justices.
STEFANI REYNOLDS/AFP via Getty Images
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Americans’ use of credit is growing, but slowing 

by Stephanie Hughes
Feb 8, 2023
In 2022, consumer credit increased 7.8% from the year before. But in December, the growth in borrowing decelerated.
Consumer credit increased 7.8% last year, according to recent Federal Reserve data. But some Americans appear to be getting more cautious about debt.
Scott Olson/Getty Images
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It just got easier to discharge student loan debt in bankruptcy

by Meghan McCarty Carino
Nov 18, 2022
In the past, not even one student borrower in 100 who declared bankruptcy had student loans discharged.
Unlike other forms of debt, student loans don’t automatically get wiped clean in bankruptcy.
Robyn Beck/AFP via Getty Images
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A window is closing for government, nonprofit employees to get student loans forgiven

by Samantha Fields
Oct 27, 2022
A federal program used to reject most applications. But a Biden administration waiver has allowed forgiveness for $14 billion in loans.
Among the Biden administration's policies affecting student loan holders is a temporary waiver easing requirements for the Public Service Loan Forgiveness program.
Anna Moneymaker/Getty Images
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There's a lot at stake with the student loan forgiveness application

by Stephanie Hughes
Oct 17, 2022
With over 40 million people eligible for debt relief, this is the largest operation of its kind in the department’s history.
President Joe Biden speaks about his student debt relief plan with Secretary of Education Miguel Cardona on Oct. 17.
Alex Wong/Getty Images
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Biden’s student loan debt relief plan, explained

by Jordan Mangi
Oct 13, 2022
We help you figure out whether you’re eligible and answer questions about the plan.
Student loan borrowers at a rally outside the White House in August after the president announced his plan to forgive some student debt.
Paul Morigi/Getty Images for We the 45m
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What's behind Biden's income-driven repayment plan for student loans?

by Sabri Ben-Achour , Chris Farrell and Erika Soderstrom
Sep 30, 2022
The proposal could be a step "toward a vastly simpler and lower-cost way to pay for higher education," says economics contributor Chris Farrell.
The administration proposed a student-loan repayment system based on earnings and family size in conjunction with its plan to cancel some student debt.
Robyn Beck/AFP via Getty Images
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Why is college so expensive to begin with?

by Stephanie Hughes
Aug 24, 2022
In the past fifty years, tuition at both public and private schools has more than tripled, even after accounting for inflation.
Biden recently announced a student loan forgiveness plan, which will forgive up to a certain amount of loans for people who make under $125,000.
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Rates on Treasury notes just went up. So will the cost of federal student loans.

by Stephanie Hughes
May 11, 2022
Interest on new federal student loans is based on the 10-year Treasury yield. The pause on repayments will end Aug. 31.
Federal student loans will be getting more expensive as interest rates rise.
Jon Cherry/Getty Images
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"Canceling student debt is the quickest way to narrow the racial wealth gap"

by Amy Scott and Richard Cunningham
Apr 20, 2022
Proposals to reform the federal student loan system shed light on the relationship between student debt and economic inequality. UCLA's Hannah Appel joins us to discuss.
Borrowers owe more than $1.7 trillion in student loans, and those debts can delay major financial decisions.
Leigh Vogel/Getty Images for MoveOn & Debt Collective
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