Student loan defaults surging in wake of COVID-tied payments pause expiration
Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments.
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Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments.
Loan revamp affects how much students and families can borrow to pay for college, as well as their repayment options.
An anonymous donor is helping cover student loan debts for nurses at Paoli and Lankenau hospitals in Pennsylvania.
Proposed Department of Education rule could deny loan forgiveness to borrowers whose employers are found to be illegally "undermining national security and American values."
The Education Department has temporarily paused loan forgiveness for an income-based repayment plan. Here are the details.
New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.
Massive delays and uncertainty about where certain payment plans stand are causing anxiety for some student loan borrowers.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
The U.S. Department of Education says that starting May 5, it'll begin collecting payments for student loans that are in default.
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.
As the president continues his push to close the Department of Education, many are wondering what comes next for financial aid and student loans.
Starting next year, CMU's "Pathway Program" will offer new and returning undergraduates free tuition or tuition without federal student loans.
Student loan payments for people enrolled in the Biden administration's SAVE plan will remain on hold for at least six more months.
The 12-month grace period for student loan borrowers ended Sept. 30. The "on-ramp" period helped borrowers struggling to make payments avoid the risk of defaulting and hurting their credit score.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
More than $345 million in debt will be forgiven for about 18,000 Pennsylvanians who attended The Art Institutes.
The White House is turning to other methods to erase student debt after the Supreme Court blocked its broader effort to forgive loans.
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.
Earlier this week, the Biden administration announced $1.2 billion in forgiveness for 153,000 borrowers.
Receiving financial aid can be the difference in whether some attend college or not, making the application process critical.
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.
The number of people seeking help on the platform to pay student loans has exploded over the last year, the crowdfunding site says.
