Student loan forgiveness: Steps you can take after court ruling
With the possibility of getting up to $20K forgiven tied up in the courts, experts list some steps borrowers can take.
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With the possibility of getting up to $20K forgiven tied up in the courts, experts list some steps borrowers can take.
The Department of Education's website now informs borrowers: "Student loan debt relief is blocked."
The program had already been on hold since the 8th Circuit Court of Appeals issued a temporary stay last month.
The governor says she is signing a bill to include in the initiative teachers and faculty who work 30 hours a week.
Gov. Kathy Hochul discussed a plan to help public servants access loan forgiveness.
The application could be ready in early October and millions will be jockeying to get their loans relieved quickly.
The plan could be a big financial break for millions of people, but questions remain about how the government will pay for the plan. CBS2's Jessica Moore reports.
Montclair State University president joins CBS News New York to discuss the plan and what more can be done to help students.
More than 40 million Americans may qualify, with income the main factor that determines who qualifies for relief.
$3 million total will be given to 26 physicians with specialties ranging in pediatrics, psychiatry and emergency medicine.
In New York, the average student loan burden is more than $30,000, according to the governor's office.
An aspiring nun who was told she couldn't enter a convent until her student loan debt was paid off has used an online appeal to get the money.
It's a legitimate solution for anyone with student loans and a rocky career because you can't get out of student loan debt.
As many as 7 out of 10 college grads are nearly $30,000 in debt today, but there are ways to cut those costs.
