Student Loan Forgiveness Warning
Student Loan Forgiveness Court Order Is Wreaking Havoc Across Repayment System
Legal challenges and court orders are causing chaos across the federal student loan system, jeopardizing payment plans and loan forgiveness for millions.
Federal judge delivers another blow to Biden’s student loan handout plan: ‘Good cause exists’
US District Judge Randal Hall ruled that “good cause exists” to extend his Sept. 5 restraining order that blocked the Department of Education’s $147 billion cancellation effort for an additional
Student Loan Forgiveness Warning as Key Deadline Looms
The Fresh Start program brings borrowers who carry defaulted loans back into repayment. First introduced by the Biden-Harris administration in April 2022, sign up for the program ends on September 30. As of January this year, more than six million borrowers were found to be eligible.
5 Student Loan Interest Updates As Forgiveness And Payments Are Paused For Millions
The current state of student loan interest exemplifies this chaotic state of affairs for student loan forgiveness and repayment. Here are the latest updates.
Judge keeps Biden's latest student loan forgiveness plan blocked
It's the latest setback for President Biden's student loan forgiveness program — a key campaign promise that has been thwarted by legal challenges and a Republican-backed legal push. Zoom in: U.S. District Judge Randal Hall extended a temporary restraining order for an additional 14 days from Thursday in order to allow the court time to review and assess the case,
The White House Student Loan Forgiveness Program
While political power players squabble over the public policy side of the issue, President Biden’s executive order campaign to provide student loan relief continues in fits and starts. Since 2022, the Biden Administration has forgiven $167 billion in student loan debt impacting 4.
Biden's 'on ramp' period is over. Student loan borrowers need to make payments next month
Federal student loan borrowers need to start making payments in October, otherwise their credit score will take a serious hit ...
Here are the states where student loan delinquency is increasing the most
It found that Maine, Louisiana and Michigan have experienced some of the biggest increases in student loan delinquency ...
Private student loan interest rates drop for 5-year terms and rise for 10-year terms
Through Credible, you can compare private student loan rates from multiple lenders. For 10-year fixed private student loans, ...
Student Loan Update: How Fed Interest Rate Cut Affects Borrowers
New student loan borrowers can expect a change in the fixed interest rate, which is determined by Congress each year, if they ...
Millions of student-loan borrowers are about to lose a key safeguard that'll put their credit scores and debt relief at risk
The on-ramp period for student-loan borrowers is ending this month, meaning missed payments will no longer be shielded from ...
Navient banned from federal student loan servicing, will pay borrowers $100 million in compensation.
Navient is barred from federal student loan servicing and has to pay $120 million in fines and compensation to the borrowers ...
Student loan consolidation: Step-by-step guide
What is student loan consolidation? Here’s your guide for everything you need to know to consolidate your student debt.
What Is Capitalized Interest on a Student Loan?
Capitalized interest refers to unpaid interest that’s added to your student loan's principal. Future interest may then be ...