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.
Yale joins Harvard, MIT and other top universities that have eliminated tuition for households with modest income.
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.
Current SAVE borrowers will have "limited time" to enroll in a new loan repayment plan and begin repaying their loans, the Education Department said.
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.
This week, the federal government began collecting on defaulted loans. Here's what borrowers need to know.
A new proposal from Republican lawmakers would eliminate the popular SAVE repayment plan, which helped lower costs for millions.
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.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
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.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
The Biden administration on Thursday said it is forgiving $1.2 billion in student debt for 35,000 borrowers who work in public service, ranging from teachers to firefighters.
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.
About 78,000 people will receive an email from President Joe Biden telling them that their loans are canceled. Here's what to know.
Typically, FAFSA forms are released on Oct. 1. But this year, the application forms came out three months late, on Dec. 30, 2023.
CBS News Texas' Keith Russell tackles Federal Student Aid in this weekly segment.
CBS News Texas' Keith Russell tackles personal finance in this weekly segment.
The number of people seeking help on the platform to pay student loans has exploded over the last year, the crowdfunding site says.
It's October – which means student loan payments are resuming for nearly 44 million borrowers.
