student-loan-payments-may-not-resume-until-august.-here’s-what-borrowers-need-to-know

Source: https://www.cnbc.com President Joe Biden and Secretary of Education Miguel Cardona. The Washington Post | The Washington Post | Getty Images It’s been almost three years since people with federal student loans have had to make a payment on their debt, and the Biden administration recently announced that borrowers haveContinue Reading

student-loan-debt-by-gender

Source: https://www.investopedia.com It’s no secret that large student loan debt is a problem for many people. Americans collectively owe more in student loans than the gross domestic product (GDP) of almost every country, and that amount is only growing bigger over time. Taking out debt is a solid way toContinue Reading

don’t-worry-if-you-didn’t-get-your-student-debt-forgiveness-approval-yet—‘more-are-coming,’-education-secretary-says

Source: https://www.cnbc.com Over the weekend, federal student loan borrowers who applied for President Joe Biden’s debt forgiveness began receiving updates on their applications. Letters sent to borrowers via email let them know their forgiveness application had been approved and their servicer has also been notified. The letters state that borrowersContinue Reading

student-debt-forgiveness-is-on-hold-for-now—here’s-why-it’s-blocked-and-what-could-happen-next

Source: https://www.cnbc.com After appearing to clear a number of other legal hurdles, President Joe Biden’s student debt forgiveness plan has been blocked. Last week, a federal district court in Texas issued a ruling calling the plan “unconstitutional,” which the Department of Justice has already appealed on Biden’s behalf. And onContinue Reading

after-student-loan-forgiveness,-73%-of-borrowers-plan-to-spend-more-on-travel-and-dining-out

Source: https://www.cnbc.com Any day now, federal student loan borrowers throughout the U.S. could see their balances reduced by up to $20,000 thanks to President Biden’s student debt forgiveness plan. The administration is waiting on a green light from a federal judge to actually start reducing balances, but still says applicantsContinue Reading

you-should-still-apply-for-student-loan-forgiveness-even-while-it’s-on-hold

Source: https://www.cnbc.com Late last week, a federal appeals court officially halted President Biden’s student debt forgiveness.  The U.S. Court of Appeals for the 8th Circuit issued an administrative stay on debt discharges while it reviews a lawsuit filed by six Republican-leaning states. The plaintiffs argue the debt forgiveness would leadContinue Reading

biden’s-student-loan-forgiveness-plan-is-on-hold.-here-are-key-issues-borrowers-need-to-know

Source: https://www.cnbc.com Porquenostudios | Istock | Getty Images For those with student debt, the last few months may have given you whiplash. First, President Joe Biden said in August that he’d be forgiving up to $20,000 for millions of borrowers. But before much celebrating could happen, Republicans brought a slewContinue Reading