New student loan rules take effect today. Here's what to know.
Loan revamp affects how much students and families can borrow to pay for college, as well as their repayment options.
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Loan revamp affects how much students and families can borrow to pay for college, as well as their repayment options.
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.
Student loan borrowers listen up: the 5-year moratorium has officially ended meaning your wages could be garnished if you do not make payments on your student loans. WCCO's Esme Murphy has everything you need to know in this week's "Talking Points."
If you have student loans or are about to get them, things are changing.
Jeff Wagner has the latest headlines and updates from WCCO.com.
After nearly five years since the U.S. government first paused federal student loan payments as a temporary relief measure during the COVID-19 pandemic, the Education Department's Office of Federal Student Aid has now restarted collections on defaulted federal student loans.
Nearly 10 million borrowers could be in default within a few months, according to the department.
Trump administration effort to wind down the Education Department could lead to frustration for millions of student loan borrowers, experts say.
Student loan payments for people enrolled in the Biden administration's SAVE plan will remain on hold for at least six more months.
The Biden administration's flagship student loan relief plan has 8 million participants. Here's what they should know about the Supreme Court's decision.
It’s college graduation season and grads entering the workforce will need to figure out their student loans while also navigating workplace benefits.
President Joe Biden unveiled a new plan that comes after the Supreme Court ruled against his previous debt-forgiveness program.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
A new role within the state's commerce department is focused solely on providing help to student loan borrowers, as Minnesotans with debt from their higher education have started repayment after a years-long pause.
A move to make FAFSA better has lead to a major error that could have cost students more. Correcting that error is now resulting in a major delay.
President Biden said that of the borrowers who can get their loans forgiven, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service.
Borrowers who took out $12,000 or less in loans and have been in repayment for at least 10 years could get their debt erased.
If you have student loans, you may not have to pay them for the next couple of months.
This latest $4.8 billion in relief brings the grand total of approved debt cancellation by the administration to $132 billion for over 3.6 million Americans.
Students who are victims of predatory lenders may be in for a paycheck.
Attorney General Keith Ellison announced on Wednesday that his office has reached a settlement Network 46, a California-based student loan debt relief company, for illegally collecting fees and misrepresenting services.
The number of people seeking help on the platform to pay student loans has exploded over the last year, the crowdfunding site says.
Student loan borrowers facing problems with their servicer shouldn't have to repay their debt until the issues are resolved, 19 state attorneys general say.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
