How to prepare for Biden's student-loan relief application
Only some types of debt are covered by the plan. Make sure your loans qualify ahead of the application.
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Only some types of debt are covered by the plan. Make sure your loans qualify ahead of the application.
As word spread across college campuses that President Biden was delivering the promised relief, reaction was mostly positive, but still mixed.
More than 40 million Americans may qualify, with income the main factor that determines who qualifies for relief.
The Biden administration extended the payment pause in April through August 31.
More than 43 million borrowers hold more than $1.6 trillion in federal student loan debt.
The pause had been slated to end May 1.
Tens of thousands of U.S. student loan borrowers defrauded by for-profit colleges are getting debt relief.
The Department of Education rejected 99 percent of applicants in the first 12 months of a revamped student loan forgiveness program.
Two women who claim they were defrauded by a for-profit college have sued the Education Department and a private loan servicer in a case their attorneys say could provide a new legal remedy for tens of thousands of students.
It's crunch time as families weigh financial aid offers from multiple colleges. And anxiety over the potential of going into six-figure debt can keep them awake for many a night.
The Department of Education has launched a new website to help people with student loans find a repayment option that best suits their needs.
A handful of senators struggled Thursday to hold together a bipartisan deal to keep student loan rates from doubling on July 1 while their colleagues traded political barbs with little more than a week to go before the deadline.
Americans took out more student and auto loans in September to boost consumer borrowing to a record level. But they cut back on credit card borrowing, a sign many remain cautious about taking on high-interest debt.
North Texan Joanne Pierre-Louie was thrilled to become the first in her family to graduate college. But, the American born daughter of immigrants was so focused on finishing -- that she neglected to calculate the real cost of a degree at the school of her dreams.
