#student-loans

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#department-of-education

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.

More Lawyers Working In Public Service Are Starting To See Their Student Loans Vanish Thanks To The Public Service Loan Forgiveness Program

PSLF program forgave loans for many borrowers, including lawyers with high debt balances.
Changes in PSLF rules and COVID-19 forbearance contributed to increased loan forgiveness under the 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.

More Lawyers Working In Public Service Are Starting To See Their Student Loans Vanish Thanks To The Public Service Loan Forgiveness Program

PSLF program forgave loans for many borrowers, including lawyers with high debt balances.
Changes in PSLF rules and COVID-19 forbearance contributed to increased loan forgiveness under the program.
moredepartment-of-education
#debt-relief

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.

8 million student-loan borrowers who remain blocked from cheaper payments and debt cancellation are getting a step closer to a final decision on Biden's new repayment plan

Missouri court to examine Biden's SAVE student-loan repayment plan, impacting millions of borrowers.
Legal challenges from GOP attorneys general have halted the SAVE plan's implementation.
Final decision from the 8th Circuit crucial for the future of student-loan forgiveness.

Higher monthly payments loom for many student loan borrowers

Trump's election may increase uncertainty and hinder student debt relief efforts initiated by Biden administration.

Biden's student loan cancellation free to move forward as court order expires

Biden's student loan cancellation plan may advance following a court ruling favoring the administration.

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.

Grace period for student loan payments ends

The end of the grace period for federal student loan borrowers may lead to increased default rates, compounding financial stress for millions.

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.

8 million student-loan borrowers who remain blocked from cheaper payments and debt cancellation are getting a step closer to a final decision on Biden's new repayment plan

Missouri court to examine Biden's SAVE student-loan repayment plan, impacting millions of borrowers.
Legal challenges from GOP attorneys general have halted the SAVE plan's implementation.
Final decision from the 8th Circuit crucial for the future of student-loan forgiveness.

Higher monthly payments loom for many student loan borrowers

Trump's election may increase uncertainty and hinder student debt relief efforts initiated by Biden administration.

Biden's student loan cancellation free to move forward as court order expires

Biden's student loan cancellation plan may advance following a court ruling favoring the administration.

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.

Grace period for student loan payments ends

The end of the grace period for federal student loan borrowers may lead to increased default rates, compounding financial stress for millions.
moredebt-relief

"Minimum Payment Due," by Said Sayrafiezadeh

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

Biden tries again at student loan cancellation, this time for those with financial hardships

The Biden administration is proposing a new path for student loan cancellation targeting borrowers in financial distress, potentially aiding 8 million Americans.

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.

Biden tries again at student loan cancellation, for those in financial hardship

The Biden administration proposes a new student loan cancellation rule aimed at borrowers facing significant financial hardships, potentially helping 8 million Americans.

What a Trump presidency might mean for student loan forgiveness

Federal student loan borrowers face uncertainty after the election with potential changes to repayment plans and legal disputes over student debt relief.

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

Ongoing court challenges have disrupted Biden's student loan forgiveness plans, leaving borrowers like Savannah Britt anxious about upcoming payments.

Biden cancels nearly $6 billion in student debt for public service workers

Over 78,000 public service workers had $6 billion in student loans forgiven due to past administrative failures and Biden's fixes.
Biden's commitment to student debt relief and economic opportunity is highlighted by the recent loan forgiveness announcement for public service workers.

Biden tries again at student loan cancellation, this time for those with financial hardships

The Biden administration is proposing a new path for student loan cancellation targeting borrowers in financial distress, potentially aiding 8 million Americans.

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.

Biden tries again at student loan cancellation, for those in financial hardship

The Biden administration proposes a new student loan cancellation rule aimed at borrowers facing significant financial hardships, potentially helping 8 million Americans.

What a Trump presidency might mean for student loan forgiveness

Federal student loan borrowers face uncertainty after the election with potential changes to repayment plans and legal disputes over student debt relief.

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

Ongoing court challenges have disrupted Biden's student loan forgiveness plans, leaving borrowers like Savannah Britt anxious about upcoming payments.

Biden cancels nearly $6 billion in student debt for public service workers

Over 78,000 public service workers had $6 billion in student loans forgiven due to past administrative failures and Biden's fixes.
Biden's commitment to student debt relief and economic opportunity is highlighted by the recent loan forgiveness announcement for public service workers.
moreloan-forgiveness
#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 ÂŁ9,535 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 ÂŁ9,535 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
#biden-administration

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.

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.

Supreme Court rejects Biden administration's plea to restore SAVE plan

The Supreme Court has temporarily blocked the Biden administration's new student loan repayment plan amid ongoing legal challenges.

Missed Student Loan Payments Will Hurt Your Credit Again. What to Know.

Borrowers need to be aware that missed student loan payments will now affect their credit scores after the one-year on-ramp ends.
The Biden administration's on-ramp allowed missed payments to go unreported, but this protection concluded at the end of September 2023.

Supreme Court Rebuffs Biden Administration Plea to Restore Student Debt Plan

The Supreme Court halts Biden's student loan relief plan amid ongoing legal disputes over payment reductions and loan forgiveness.

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.

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.

Supreme Court rejects Biden administration's plea to restore SAVE plan

The Supreme Court has temporarily blocked the Biden administration's new student loan repayment plan amid ongoing legal challenges.

Missed Student Loan Payments Will Hurt Your Credit Again. What to Know.

Borrowers need to be aware that missed student loan payments will now affect their credit scores after the one-year on-ramp ends.
The Biden administration's on-ramp allowed missed payments to go unreported, but this protection concluded at the end of September 2023.

Supreme Court Rebuffs Biden Administration Plea to Restore Student Debt Plan

The Supreme Court halts Biden's student loan relief plan amid ongoing legal disputes over payment reductions and loan forgiveness.
morebiden-administration

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

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.

Millions of student-loan borrowers' payments are being 'wildly' mismanaged by a major servicer - and it might be time to terminate its contract, over 50 Democratic lawmakers say

Democratic lawmakers are pushing for oversight of MOHELA due to concerns about its management of student loans and potential contract termination.

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.

Millions of student-loan borrowers' payments are being 'wildly' mismanaged by a major servicer - and it might be time to terminate its contract, over 50 Democratic lawmakers say

Democratic lawmakers are pushing for oversight of MOHELA due to concerns about its management of student loans and potential contract termination.
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.
from www.mercurynews.com
1 month ago

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

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.
#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

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.
#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.

New Bill Could Pave the Way Toward Banning Student Debt Cancellation

Activists alarmed by potential ban on student loan cancellation in FAA Reauthorization Act.
Debt Collective raises concerns over language prohibiting relief for certain student loans.

Axios Vibes: On campus, huge bipartisan support for government loan help

Students from both parties want government help with student loans.
Support for government help with student loans is higher among students than the general population.

House eyes new way to pay for Pell Grant expansion

Expansion of Pell Grant to short-term programs faced opposition from colleges and universities
Reimbursement requirement for wealthy institutions under Bipartisan Workforce Pell Act drew criticism from higher education associations

How To Tackle Student Loan Debt and Be Financially Free in Retirement | Entrepreneur

Student loan debt in the US has reached $1.766 trillion, impacting millions of Americans, with the average federal student loan balance being $37,718.
The problem of student loan debt is multi-generational, affecting even those aged 50 and above, and could have long-term implications on retirement funds and wealth-building for future generations.
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