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Student loans

What will the end of the pause on student loan payments mean for retailers?

by Stephanie Hughes
Apr 21, 2023
Discretionary spending may decline as people add those payments back into their budgets.
When payment obligations resume as expected this year, discretionary spending could dip and affect big-box retailers and local bistros alike.
Brandon Bell/Getty Images
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I've Always Wondered ...

What would happen if everyone just stopped paying their student debt? 

by Janet Nguyen
Mar 24, 2023
U.S. borrowers hold a collective $1.8 trillion in both public and private student loans.
Student loan borrowers gathered near The White House at the beginning of the pandemic, telling President Joe Biden to cancel student debt.
Paul Morigi/Getty Images for We, The 45 Million
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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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