Student loan borrowers face "nightmare" service as repayments resume
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.
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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.
CBS News Texas' Keith Russell details a couple of options struggling student loan borrowers have now that they're facing repayment again.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years.
Scammers are seizing on "chaos and confusion" ahead of the resumption of student loan repayments, one expert warned.
Biden administration officials say the new federal program could cut monthly loan payments for 20 million people.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
Monthly loan payments may drop, based on a borrower's income.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
The new income-driven repayment plan could cut borrowers' monthly payments in half, while some could see their monthly payments go down to $0.
Unlike Biden's blocked one-time forgiveness program, the new repayment plan will provide benefits for both current and future borrowers who sign up for it.
A look at how we got to Friday's decision and how big the student debt issue is in the United States.
President Joe Biden vetoed legislation Wednesday that would have repealed his plan to forgive student debt.
A three-year pause on student loan payments will end this summer regardless of how the Supreme Court rules on the White House plan to forgive billions of dollars in student loan debt.
Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
The Biden administration had earlier extended a repayment pause while its student-debt relief program remains tied up in court.
This case was brought by two borrowers in Texas who have outstanding student loans.
A Biden administration program forgiving up to $20,000 in student loans remains hung up in court.
The extension, up to June 30, 2023, will give the courts time to decide the fate of student loan cancellation.
This comes after the plan has been blocked by two separate federal court rulings.
The government also said in its response to the 8th Circuit Court of Appeals' decision to pause the program that the states do not have standing to intervene.
In their appeal, attorneys for several Republican-led states said the plan will irreparably harm their states' student loan programs.
President Biden announces new college-debt forgiveness site, calling it a "game changer for millions of Americans."
A student loan forgiveness program is helping people in public service jobs wipe away their debt, but those who qualify have just three weeks left to apply before the criteria gets much stricter.
Teachers and other public servants need to apply soon to ensure they are considered for a one-time waiver.
