student loan

As rates fall, should you refinance your student loans?

Consider refinancing private student loans if you can get a rate at least half a percentage point lower. If you have federal loans, think twice.





student loan

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

Student loan cancellation was not a focus of the campaign for either Trump or Vice President Kamala Harris, who steered clear of the issue at her political events.

The post Trump’s win brings uncertainty to borrowers hoping for student loan forgiveness appeared first on Boston.com.




student loan

The Debt Slaves Of The Student Loan Empire

New Book Exposes Dysfunction of Student Loan System




student loan

Unlocking New Benefits: Is the SECURE 2.0 Student Loan Match Right for Your Workforce?

  • The Qualified Student Loan Payment (QSLP) match program allows an employer to match an employee’s student loan repayments by making matching contributions to the employer’s defined contribution plan, such as a 401(k) plan.
  • IRS Notice 2024-63 provides guidance for plan sponsors that offer (or wish to offer) a QSLP match program.




student loan

The student loan paaaaauuuuuse

The pause on federal student loan payments was just extended for the sixth time in two years. So...what's that been like for the borrowers, and what's in store for them when the system eventually restarts? | Subscribe to our weekly newsletter here. | Planet Money TikTok has been nominated for a Webby award! Cast your vote for us here.

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student loan

The new Biden plan that could still erase your student loans

This summer, the Supreme Court struck down Biden's plan to forgive student loan debt for millions of borrowers. Except, on the same day Biden first announced that plan, he also unveiled another, the SAVE plan. And though SAVE sounded less significant than Biden's big forgiveness pledge, it's still alive and could erase even more student debt.

SAVE is officially a loan repayment plan. But through a few seemingly minor yet powerful provisions, many more low-income borrowers will end up paying little or nothing until, eventually, their loans will be forgiven. Even many higher-income borrowers will see some of their debts erased.

In this episode, we explain the history of income-driven repayment. And how borrowers could end up paying less than they might expect once payments resume in October. You can read more from NPR's Cory Turner's here.

This episode was hosted by Cory Turner and Kenny Malone. It was produced by Emma Peaslee, and edited by Molly Messick. It was fact-checked by Sierra Juarez, and engineered by Robert Rodriguez. Alex Goldmark is Planet Money's executive producer.

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student loan

Debt Collective Cancels $10M of Morehouse College Student Loans

Black students are disproportionately impacted by student loans, but this debtors' union is taking steps to repair that disparity.




student loan

Federal Student Loan Payments To Restart On February 1



Blacks owe disproportionately more student debt.




student loan

What student loan borrowers can expect as the presidency changes

With Donald Trump's re-election, millions of federal student loan borrowers are left to wonder if this is the end of the road for President Biden's promises of loan relief.






student loan

Brookdale's New $7,000 Student Loan Reimbursement Program Aims to Bring More Nurses to Assisted Living - Jeffin Bush, Clinical Trainer

�I think it is an opportunity for nurses to learn a skillset you don�t learn in nursing school.� � Jeffin Bush




student loan

Everything you need to know about student loans

What can I borrow and when do I have to start paying back my loans?




student loan

Student Loan Forgiveness: The Borrowers Who Now Qualify

WSJ higher-education reporter Melissa Korn breaks down the select groups of borrowers who are currently eligible for student debt relief and what borrowers can expect next year. Photo: Getty Images




student loan

Joe Biden set to announce new student loan relief ahead of upcoming trip

Biden is also expected to reveal federal actions as part of his administration’s efforts to replace the nation’s lead pipes within a decade




student loan

Parent or Student Loans: Which is the Best Option?

Getting a university education is an expensive proposition. In fact, about 20 per cent of college students will need some form of financial help in order to pay for the expenses they will incur in school.




student loan

Student Loans Scams May End Via Free Debt Settlement Technology That Helps Protect Consumers Against Deceptive Debt Recovery Practices

New Online Student Debt Negotiation Tool Could Ease Distressing CFPB Findings and Help Safeguard Consumers Against Fraudulent Debt Settlement Activities




student loan

Jermecia Starks & Her Extensive Student Loan Debt



Jermecia Starks's road to higher education hasn't been easy.



  • Angela Rye
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student loan

Brian Bridges and John King Jr. Break Down Student Loan Debt



Dr. Brian Bridges and John King Jr. explore student debt.



  • BET News Special


student loan

Morehouse College Graduates React to Student Loan Debt Gift



The former students talk about Robert F. Smith's generosity.



  • Angela Rye
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student loan

Lawsuit challenges Trump administration toughening of student loan cancellation rules

New rules from federal Education Secretary Betsy DeVos would severely limit students' ability to clear debt by burying them in bureaucratic red tape, according to a new federal lawsuit.




student loan

Struggling to pay your student loan debt amid coronavirus? You can now delay 3 payments.

Here's how college students can take advantage of three months of loan relief.




student loan

‘The Squad’ Pushes for Huge Student Loan Cancellation in Next Relief Bill

Some House Democrats have decided that the COVID-19 pandemic is an appropriate time to implement a key plank of the campaign of former Democratic presidential candidate Sen. Bernie Sanders of Vermont. Reps. Ilhan Omar of Minnesota, Rashida Tlaib of Michigan, Alexandria Ocasio-Cortez of New York and Ayanna Pressley of Massachusetts — who make up the…

The post ‘The Squad’ Pushes for Huge Student Loan Cancellation in Next Relief Bill appeared first on The Western Journal.




student loan

Loan repayment by self-financing post-secondary institutions under Start-up Loan Scheme, non-profit-making international schools and student loan repayers to be deferred for two years




student loan

Office of Federal Student Aid has an FAQ for student loan questions

The U.S. Department of Education’s Office of Federal Student Aid has published an extensive FAQ addressing student loans, including answered questions that cover several new provisions from the Coronavirus Aid, Relief and Economic Security Act.




student loan

Consumer Protection Unit secures more than $23,000 in student loan debt relief for ITT Tech students

Attorney General Kathy Jennings has announced that her office’s Consumer Protection Unit has secured an agreement to recover $23,362 in debt relief for 5 former ITT Tech students in Delaware as part of a 43-state multistate settlement. The settlement is with Student CU Connect CUSO, LLC (“CUSO”), which offered deceptive loans to finance students’ tuition […]



  • Department of Justice
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student loan

Illinois Woman Pleads Guilty to Illegally Accessing Confidential Student Loan Files

Charlotte M. Robinson, 46, of Dolton, Ill., pleaded guilty before U.S. Magistrate Judge Susan E. Cox in the Northern District of Illinois to a one-count criminal information charging her with unauthorized computer access.



  • OPA Press Releases

student loan

Alabama Woman Sentenced to 94 Months in Prison for Stealing Identities of Student Loan Borrowers

Janika Fernae Bates, a resident of Millbrook, Ala., was sentenced today in the Middle District of Alabama to 94 months in federal prison for stealing identities of student loan borrowers and providing them to a co-conspirator, who used them to file false tax returns.



  • OPA Press Releases

student loan

Justice Department Reaches $60 Million Settlement with Sallie Mae to Resolve Allegations of Charging Military Servicemembers Excessive Rates on Student Loans

The Department of Justice today announced the federal government’s first lawsuit filed against owners and servicers of student loans for violating the rights of servicemembers eligible for benefits and protections under the Servicemembers Civil Relief Act (SCRA).



  • OPA Press Releases

student loan

What accounts for gaps in student loan default, and what happens after

Executive summary In a previous Evidence Speaks report, I described the high rates at which student loan borrowers default on their repayment within 12 years of initial college entry, often on relatively modest amounts of debt. One of the most striking patterns emerging from that report and other prior work is how dramatically default rates…

       




student loan

What’s the government done to relieve student loan borrowers of their burden during the corona crisis?

Forty-two million Americans, or one in every eight, have student loans, and they owe a total of $1.6 trillion, the second largest pool of consumer credit after mortgages. According to the Federal Reserve, 20 percent of adult borrowers who borrowed for their own educations were behind on their payments in 2018. Of those who are…

       







student loan

Big changes could be in store for student loan borrowers

Presidential campaign proposals and recently introduced legislation aim to rewrite the rules around student loan interest, repayment and refinancing. Some of the plans would reduce – or altogether erase – people's balances.




student loan

Big changes could be in store for student loan borrowers

Presidential campaign proposals and recently introduced legislation aim to rewrite the rules around student loan interest, repayment and refinancing. Some of the plans would reduce – or altogether erase – people's balances.




student loan

Student loan borrowers could see big changes in 2020

Student debt has become a central issue in the 2020 presidential campaign. Legislation is being introduced to address the crisis. And the U.S. Department of Education is also considering some big changes for borrowers.




student loan

Stimulus package grants student loan borrowers a six-month break

The historic stimulus Congress passed grants the millions of Americans with student debt a break from their payments for at least six months.





student loan

Student loans, indebtedness, and financial literacy in the United States

Annamaria Lusardi is the Denit Trust Chair of Economics and Accountancy at the George Washington University School of Business. Following the release of new data focused on Americans’ financial capability, she draws attention to some of the findings in the study, focusing on three areas of great importance to the personal finances of Americans: student loans, indebtedness, and financial literacy.




student loan

My son has £40,000 in student loan debt. How can I help him clear it?

My 22-year-old son graduated university last July and recently received his loan statement through the post. If I pay off the debt and he instead owes me the money what route could I go down?




student loan

Part-time and post-graduate students get a boost from the Chancellor as he extends student loans and help with living costs

Part-time students have been handed some good news in today's Autumn Statement with access to maintenance loans to help with living costs during their studies from 2017/18.