#student-loans

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#biden-administration

Why Biden is scrapping pending regulations, including student debt cancellation

Biden's administration is withdrawing student loan cancellation proposals to prevent easier overturning by Trump, focusing instead on support for borrowers during the transition.

Trump's win brings uncertainty to borrowers hoping for student loan forgiveness

Student loan cancellation remains uncertain with the new administration, causing anxiety for borrowers like Savannah Britt.

Supreme Court rebuffs Biden administration plea to restore SAVE student debt plan

The Supreme Court upheld the hold on Biden's plan to reduce student loan payments amid ongoing lawsuits, delaying financial relief for borrowers.

White House starts scrapping pending regulations, including student debt cancellation

President Biden abandons student loan cancellation efforts to prevent a smooth transition for a potential Trump administration.

It could be well into next year before some student loan borrowers make a payment

Education Department pauses payments for millions amid legal challenges, reconfiguring options after court injunction against Biden's Save plan.

Two major student loan grace periods are set to expire this week. Here's what to know

Federal student loan support measures for borrowers, including the grace period and Fresh Start program, are expiring this week, leading to potential consequences for non-compliance.

Why Biden is scrapping pending regulations, including student debt cancellation

Biden's administration is withdrawing student loan cancellation proposals to prevent easier overturning by Trump, focusing instead on support for borrowers during the transition.

Trump's win brings uncertainty to borrowers hoping for student loan forgiveness

Student loan cancellation remains uncertain with the new administration, causing anxiety for borrowers like Savannah Britt.

Supreme Court rebuffs Biden administration plea to restore SAVE student debt plan

The Supreme Court upheld the hold on Biden's plan to reduce student loan payments amid ongoing lawsuits, delaying financial relief for borrowers.

White House starts scrapping pending regulations, including student debt cancellation

President Biden abandons student loan cancellation efforts to prevent a smooth transition for a potential Trump administration.

It could be well into next year before some student loan borrowers make a payment

Education Department pauses payments for millions amid legal challenges, reconfiguring options after court injunction against Biden's Save plan.

Two major student loan grace periods are set to expire this week. Here's what to know

Federal student loan support measures for borrowers, including the grace period and Fresh Start program, are expiring this week, leading to potential consequences for non-compliance.
morebiden-administration
#education-policy

Trump has called for dismantling the Education Department. Here's what that would mean.

Trump's administration may seek to dismantle the Department of Education, seeking significant changes in federal funding and oversight in schools.

Trump says he wants to dismantle the Education Department. Here's what that would mean

Trump plans to reform or dismantle the Department of Education, affecting financial aid distributions and regulations.
Federal funding and its allocation are central to Trump's educational policies, with significant implications for student loans and institutional support.

The Supreme Court declined to allow cheaper student-loan payments for 8 million borrowers through Biden's new repayment plan

The Supreme Court's decision keeps a block on the SAVE student-loan repayment plan, risking higher payments for millions of borrowers.

What Will Federal Student Loan Repayment Look Like Under The Second Trump Administration?

Trump's return raises uncertainty for student loan borrowers, especially with McMahon's nomination and potential changes to existing repayment programs.

Education Dept. Reverses Itself and Reopens Two Loan Repayment Plans

The Education Department reinstated two repayment plans to support borrowers amid ongoing litigation against the SAVE repayment program.

Trump has called for dismantling the Education Department. Here's what that would mean.

Trump's administration may seek to dismantle the Department of Education, seeking significant changes in federal funding and oversight in schools.

Trump says he wants to dismantle the Education Department. Here's what that would mean

Trump plans to reform or dismantle the Department of Education, affecting financial aid distributions and regulations.
Federal funding and its allocation are central to Trump's educational policies, with significant implications for student loans and institutional support.

The Supreme Court declined to allow cheaper student-loan payments for 8 million borrowers through Biden's new repayment plan

The Supreme Court's decision keeps a block on the SAVE student-loan repayment plan, risking higher payments for millions of borrowers.

What Will Federal Student Loan Repayment Look Like Under The Second Trump Administration?

Trump's return raises uncertainty for student loan borrowers, especially with McMahon's nomination and potential changes to existing repayment programs.

Education Dept. Reverses Itself and Reopens Two Loan Repayment Plans

The Education Department reinstated two repayment plans to support borrowers amid ongoing litigation against the SAVE repayment program.
moreeducation-policy
#debt-relief

Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say

Sen. Warren and colleagues demand investigation into Navient for allegedly denying debt relief to defrauded borrowers.

Millions of student-loan borrowers are losing a key debt relief program in 30 days

The 12-month on-ramp period for student loan payments ends September 30, 2024, exposing borrowers to credit penalties for missed payments.

Will Trump Try to End the Public Service Loan Forgiveness Program?

The Public Service Loan Forgiveness program may face significant changes under President Trump, impacting millions of borrowers reliant on it.

For-profit colleges lose appeal to stop debt relief settlement

For-profit colleges lost their appeal to challenge a settlement that canceled $6 billion in student loans for over 200,000 borrowers.

Debts canceled for 317,000 former Art Institutes students

The Education Department will eliminate $6.1 billion in loans for Art Institute students from 2004 to 2017 through borrower defense program.

Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say

Sen. Warren and colleagues demand investigation into Navient for allegedly denying debt relief to defrauded borrowers.

Millions of student-loan borrowers are losing a key debt relief program in 30 days

The 12-month on-ramp period for student loan payments ends September 30, 2024, exposing borrowers to credit penalties for missed payments.

Will Trump Try to End the Public Service Loan Forgiveness Program?

The Public Service Loan Forgiveness program may face significant changes under President Trump, impacting millions of borrowers reliant on it.

For-profit colleges lose appeal to stop debt relief settlement

For-profit colleges lost their appeal to challenge a settlement that canceled $6 billion in student loans for over 200,000 borrowers.

Debts canceled for 317,000 former Art Institutes students

The Education Department will eliminate $6.1 billion in loans for Art Institute students from 2004 to 2017 through borrower defense program.
moredebt-relief
#policy-recommendations

Racial inequities play a role in loan default disparities

Black and Hispanic borrowers face greater challenges in loan repayment, leading to higher default rates compared to white borrowers.

Impact of student debt on older adults grows

The elderly population's student loan debt crisis is escalating, threatening their financial stability and ability to meet basic needs.

Racial inequities play a role in loan default disparities

Black and Hispanic borrowers face greater challenges in loan repayment, leading to higher default rates compared to white borrowers.

Impact of student debt on older adults grows

The elderly population's student loan debt crisis is escalating, threatening their financial stability and ability to meet basic needs.
morepolicy-recommendations

This Man Is Wondering If He's An A**Hole For Paying Off His Wife's Student Loans But Not His Sister's

The author feels a stronger obligation to pay off his wife's student loans than his sister's.

Student loan forbearance vs. deferment-the key differences and how to choose

Student loan borrowers often face changing financial circumstances, making forbearance and deferment useful but potentially costly options due to accruing interest.

In Defense of Teachers and Public Education

Public education is essential for leveling the playing field and is supported by federal programs like TRIO, aiding low-income and first-generation students.

The way Americans pay for higher education is changing

Student-loan borrowing is decreasing while grant aid is increasing, prompting colleges to reconsider tuition strategies in light of declining enrollment and value perceptions.

"Minimum Payment Due," by Said Sayrafiezadeh

The frustration of dealing with persistent collection calls reflects deeper issues of personal financial management and societal pressures.
#financial-planning

Hard work pays off: how to pay for a part-time MBA

Part-time MBA programs offer flexibility and affordability, but costs vary greatly and require careful consideration of tuition and expenses.

I wanted my daughter to graduate from college debt-free, so I bought a storage unit business. It paid for her entire tuition.

The author successfully funded her daughter's college tuition through a successful storage unit business to avoid student loan debt.

It's Never Too Early or Too Late to Start Planning for College - San Francisco Bay Times

Consider financial planning for children's higher education as college costs continue to rise.
The average cost of a college education is becoming increasingly unaffordable for many families.

Hard work pays off: how to pay for a part-time MBA

Part-time MBA programs offer flexibility and affordability, but costs vary greatly and require careful consideration of tuition and expenses.

I wanted my daughter to graduate from college debt-free, so I bought a storage unit business. It paid for her entire tuition.

The author successfully funded her daughter's college tuition through a successful storage unit business to avoid student loan debt.

It's Never Too Early or Too Late to Start Planning for College - San Francisco Bay Times

Consider financial planning for children's higher education as college costs continue to rise.
The average cost of a college education is becoming increasingly unaffordable for many families.
morefinancial-planning
#higher-education

What the 2024 election means for higher education

The outcome of the election could significantly reshape higher education regulations and policies in the U.S., with potential for ongoing scrutiny and upheaval.

The Guardian view on raising university fees: help for poorer students must be prioritised | Editorial

The increase in tuition fees for English students is a necessary response to the financial crisis facing universities.
Labour acknowledges the pressure on students amid rising tuition and is lowering fees for foundation year courses.

I'm Gen Z and attended college before choosing trade school. Let's rethink what's 'worthwhile' education

Hands-on learning in trade school can provide a more practical and fulfilling education compared to traditional four-year colleges.

England's universities flex their muscles to hike fees, while students get a bum deal | Sonia Sodha

Undergraduate education primarily serves institutional interests rather than student needs, necessitating fundamental reform.

University tuition fees rising to 9,535 in England

Tuition fees in England will increase to £9,535 for the 2025/26 academic year, marking the first rise since 2017.

I wish I'd dropped out of college. Graduating with a degree didn't justify my now-mounting debt.

The author regrets accumulating significant student debt without the degree translating into career opportunities.

What the 2024 election means for higher education

The outcome of the election could significantly reshape higher education regulations and policies in the U.S., with potential for ongoing scrutiny and upheaval.

The Guardian view on raising university fees: help for poorer students must be prioritised | Editorial

The increase in tuition fees for English students is a necessary response to the financial crisis facing universities.
Labour acknowledges the pressure on students amid rising tuition and is lowering fees for foundation year courses.

I'm Gen Z and attended college before choosing trade school. Let's rethink what's 'worthwhile' education

Hands-on learning in trade school can provide a more practical and fulfilling education compared to traditional four-year colleges.

England's universities flex their muscles to hike fees, while students get a bum deal | Sonia Sodha

Undergraduate education primarily serves institutional interests rather than student needs, necessitating fundamental reform.

University tuition fees rising to 9,535 in England

Tuition fees in England will increase to £9,535 for the 2025/26 academic year, marking the first rise since 2017.

I wish I'd dropped out of college. Graduating with a degree didn't justify my now-mounting debt.

The author regrets accumulating significant student debt without the degree translating into career opportunities.
morehigher-education

I Let Slip That My Parents Are Helping Me Financially. My Friend Did Not Take It Well.

Being open about financial situations can be sensitive, as it may trigger feelings of jealousy or inadequacy in friendships.

Graduates could be owed 300 as millions overpaid in student loan repayments

Graduates can reclaim overpaid student loan repayments, with 61.6 million refunded since May 2024.
#debt-management

A 38-year-old with $38,000 in student debt tells other generations, 'I highly recommend finding a way to avoid taking out loans'

Borrowers are struggling to readjust to federal student loan payments after a suspension during the pandemic, leading to budget cuts and side jobs.

A Gen Xer with a 6-figure salary and over $315,000 in debt can't afford a home: 'This country has failed us'

Shirin Tajani, a nurse, struggles with student loans and credit card debt despite a six-figure salary, highlighting a broader financial crisis among Americans.

Act now: Two key student debt relief programs expire Sept. 30

Borrowers facing missed student loan payments must act before September 30 to avoid severe financial repercussions.

A 38-year-old with $38,000 in student debt tells other generations, 'I highly recommend finding a way to avoid taking out loans'

Borrowers are struggling to readjust to federal student loan payments after a suspension during the pandemic, leading to budget cuts and side jobs.

A Gen Xer with a 6-figure salary and over $315,000 in debt can't afford a home: 'This country has failed us'

Shirin Tajani, a nurse, struggles with student loans and credit card debt despite a six-figure salary, highlighting a broader financial crisis among Americans.

Act now: Two key student debt relief programs expire Sept. 30

Borrowers facing missed student loan payments must act before September 30 to avoid severe financial repercussions.
moredebt-management
#education-department

What Will Change for SAVE Borrowers After a Federal Court Ruled Against Biden's Relief Program

Millions of student loan borrowers are affected by the halting of the SAVE loan forgiveness program, facing uncertainty amidst ongoing legal battles against student loan cancellation efforts.

Appeals court blocks Biden's SAVE plan, Again

A federal appeals court prevents the Education Department from implementing parts of the new income-driven repayment plan, SAVE, due to legal challenges.

The student loan grace period is now over. Here's what you need to know

The end of the student loan on-ramp period marks a transition to potential defaults for borrowers unable to make payments.

A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments

MOHELA faced penalties for failing to process income-driven repayment applications, affecting thousands of borrowers' ability to secure affordable payments.

8 million student-loan borrowers enrolled in Biden's new repayment plan won't have to make payments for at least another 6 months

The Education Department extended the loan payment pause for at least six months due to legal challenges against the SAVE plan.

Biden Cancels $6B in Debt for Former Students of the Art Institutes

The Biden administration will cancel $6 billion in student loans for Art Institutes attendees due to fraud and deceit, erasing loans for 317,000 individuals.

What Will Change for SAVE Borrowers After a Federal Court Ruled Against Biden's Relief Program

Millions of student loan borrowers are affected by the halting of the SAVE loan forgiveness program, facing uncertainty amidst ongoing legal battles against student loan cancellation efforts.

Appeals court blocks Biden's SAVE plan, Again

A federal appeals court prevents the Education Department from implementing parts of the new income-driven repayment plan, SAVE, due to legal challenges.

The student loan grace period is now over. Here's what you need to know

The end of the student loan on-ramp period marks a transition to potential defaults for borrowers unable to make payments.

A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments

MOHELA faced penalties for failing to process income-driven repayment applications, affecting thousands of borrowers' ability to secure affordable payments.

8 million student-loan borrowers enrolled in Biden's new repayment plan won't have to make payments for at least another 6 months

The Education Department extended the loan payment pause for at least six months due to legal challenges against the SAVE plan.

Biden Cancels $6B in Debt for Former Students of the Art Institutes

The Biden administration will cancel $6 billion in student loans for Art Institutes attendees due to fraud and deceit, erasing loans for 317,000 individuals.
moreeducation-department

More Young Associates Should Contribute To 401(k) Plans

Maximizing 401(k) contributions is crucial, even when facing student loan debt, as it provides potential free money through employer matches.

Harris v. Trump on student loans: Where the candidates stand

The upcoming election highlights contrasting student loan policies of Kamala Harris and Donald Trump, significantly affecting how voters prioritize their choices.

Millions of student-loan borrowers just lost access to a key debt relief program - and it could have big financial consequences

The on-ramp period for student-loan borrowers has ended, reintroducing penalties for missed payments that could affect credit scores.
#cfpb

Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.

The CFPB's settlement with Navient reinforces accountability in the student-loan industry and ensures millions of borrowers receive relief.

Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says

The CFPB settled a lawsuit with Navient for mishandling student loan payments, leading to $100 million in relief for affected borrowers.

Most of Navient's $120 Million Lawsuit Settlement WillGo to Student Loan Borrowers. Here's How

Navient will pay $120 million to settle a lawsuit over misleading borrowers, with most funds aiding affected students.

Navient reaches $120 million settlement for misleading student loan borrowers

Navient has been permanently banned from servicing federal student loans after a $120 million settlement with the CFPB.

Coding bootcamp Lambda School - now BloomTech - is finally getting punished

Lambda School rebranded to BloomTech deceived students with deceptive Income Sharing Agreements (ISAs) portrayed as loans, resulting in penalties and debt relief for students.

Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.

The CFPB's settlement with Navient reinforces accountability in the student-loan industry and ensures millions of borrowers receive relief.

Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says

The CFPB settled a lawsuit with Navient for mishandling student loan payments, leading to $100 million in relief for affected borrowers.

Most of Navient's $120 Million Lawsuit Settlement WillGo to Student Loan Borrowers. Here's How

Navient will pay $120 million to settle a lawsuit over misleading borrowers, with most funds aiding affected students.

Navient reaches $120 million settlement for misleading student loan borrowers

Navient has been permanently banned from servicing federal student loans after a $120 million settlement with the CFPB.

Coding bootcamp Lambda School - now BloomTech - is finally getting punished

Lambda School rebranded to BloomTech deceived students with deceptive Income Sharing Agreements (ISAs) portrayed as loans, resulting in penalties and debt relief for students.
morecfpb
#credit-reporting

Millions of student-loan borrowers are about to lose a key safeguard that'll put their credit scores and debt relief at risk

The federal student-loan on-ramp period ends on September 30, leading to negative credit reporting for missed payments.
Borrowers must prepare for potential credit impacts as protections expire.

GAO: Half of borrowers were current on payments in January

Many borrowers struggle with student loan repayments as payment pause ends.
Legislation aims to monitor and analyze the impact on payment behaviors.

Millions of student-loan borrowers are about to lose a key safeguard that'll put their credit scores and debt relief at risk

The federal student-loan on-ramp period ends on September 30, leading to negative credit reporting for missed payments.
Borrowers must prepare for potential credit impacts as protections expire.

GAO: Half of borrowers were current on payments in January

Many borrowers struggle with student loan repayments as payment pause ends.
Legislation aims to monitor and analyze the impact on payment behaviors.
morecredit-reporting
#financial-aid

Full FAFSA launch by Dec. 1: What students and families need to know

The 2025-26 FAFSA has an early launch and simplified process, addressing past issues and aiming for improved accessibility.

2024 high school grads could face nearly $37K in college debt

High cost of college education and student loan debt are major concerns for high school graduates.

Want cheaper college? Pay interest while in school

Making optional student loan payments while in school can significantly reduce total costs due to accruing interest.
Federal subsidized Direct loans can save borrowers from accruing interest while they study.

Full FAFSA launch by Dec. 1: What students and families need to know

The 2025-26 FAFSA has an early launch and simplified process, addressing past issues and aiming for improved accessibility.

2024 high school grads could face nearly $37K in college debt

High cost of college education and student loan debt are major concerns for high school graduates.

Want cheaper college? Pay interest while in school

Making optional student loan payments while in school can significantly reduce total costs due to accruing interest.
Federal subsidized Direct loans can save borrowers from accruing interest while they study.
morefinancial-aid

Gen Z is buckling up-nabbing a entry-level gig is harder than ever

The class of 2025 is facing heightened career uncertainty, with 57% expressing pessimism about job prospects.

8 million student-loan borrowers on Biden's new repayment plan just got more bad news after a federal court officially blocked cheaper payments and debt cancellation

The 8th Circuit blocked the SAVE student-loan repayment plan entirely.

After various degrees and a brain injury, I owe $150,000 in student loans. The lawsuits and election only make it worse.

Shanna Hayes, a special education teacher, is struggling with over $150,000 in student loan debt and facing challenges with interest, credit score, and repayment uncertainties.

A major student-loan company is being sued over claims it mismanaged 8 million borrowers' accounts, blocking them from lower payments and debt relief

AFT filed lawsuit against MOHELA for mismanagement of borrowers' accounts.

Biden will leave a mixed legacy on higher ed policy

President Biden will not seek re-election, focusing on fulfilling his current term.

US taxpayers shouldn't be subsidizing idiotic college extremism

The article critiques the funding of certain academic disciplines through taxpayer-backed student loans.

5 Reasons Why Law Students Chose Their Law School

Rank and prestige not included in law school choice reasons.

Summer Raises $9M to Make Student Loan Assistance From Employers a Workplace Benefit

Student loan debt in the US is high, surpassing credit card debt.
Employers need to prioritize financial well-being to attract and retain talent, especially millennials and Gen Z.
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