designer491/iStock.com Student organizations, unions, groups that represent nurses and teachers, special interest groups, and lobbyists of every imaginable persuasion join President Biden’s drive to cancel student debt for millions of Americans. . Cash App Borrow: How to Borrow Money on Cash AppLearn: Here’s how much cash you need to hoardRead More →

Source: Nigel Carse/Getty Jhe student debt crisis has crippled nearly 43.4 million borrowers across the country. According to the Education Data Initiative, the average student at a public university borrows $30,030 to earn a bachelor’s degree. Meanwhile, those attending private universities borrow an average of $43,900. For the past twoRead More →

Federal student loan repayments have been suspended for more than two years now and talks about student loan forgiveness have yet to materialize for the majority of Americans. Although no official decision has yet been made on widespread student loan forgivenessit’s possible payment break will be extended beyond September. EducationRead More →

A payday lender on Wyse Road in Dartmouth on Tuesday. Photo: Zane Woodford Payday lenders will get a smaller share of Nova Scotians’ checks later this year. In a decision released Tuesday, the provincial Utilities and Review Board (UARB) lowered the maximum interest such lenders can charge from $19 onRead More →

Kameleon007 / iStock.com Every year, thousands of borrowers file complaints about their student loan officer with the Consumer Financial Protection Bureau (CFPB). According to the CFPB, “dealing with your loan servicer or lender” was one of the most cited reasons for filing a complaint in 2021. Discover: Surprising things youRead More →

So far, the administration’s actions have largely focused on students who have been defrauded by now closed schools, like Corinthian. But these measures have also sharpened the debate over whether the rising cost of higher education is an excessive burden on young adults. Opponents say simply forgiving students debt isRead More →

After months of circulators collecting signatures, the deadline for initiatives to create or change state law has passed — with only one group submitting signatures for placement on the November ballot. The only submission came from Michiganders for Fair Lending according to Michigan State Department spokesperson Tracy Wimmer. Michiganders forRead More →

Navient Headquarters in Delaware. Picture file CONCORD, NH – The state attorney general’s office announced May 16 that it has reached an agreement with attorney Navient Corporation and Navient Solutions, LLC (“Navient”), a student loan servicer, to provide $3,590,988 $.96 in debt forgiveness to 129 New Hampshire student borrowers. “ThisRead More →

Of all the failed policies of President Joe Biden and his Democratic socialist enablers, allowing people to get out of student loan debt is perhaps the most troubling. The irresponsible tax policies pushed by elected Democrats have given us historically high inflation that is punishing hard-working families with dramatically risingRead More →

Prosper and SoFi are two great online personal lenders. SoFi, founded in 2011, got its start as a student-focused company. It has since expanded to offer a variety of financial services, including personal loans. Prosper started as a peer-to-peer lending site in 2005 and now offers a variety of lendingRead More →

Student borrowers rally near the White House to tell President Biden to cancel student debt. (Paul Morigi/Getty Images) May 22, 2022 at 7:00 a.m. EDT Millions of Americans rely on the federal government to cover the cost of college. Student loans have been around for generations, but borrowing has onlyRead More →

May 19, 2022 4:33 p.m. ET Student borrowers demonstrate for debt cancellation near the White House on May 12. Photo: Paul Morigi/Getty Images Regarding Richard Shinder’s op-ed “Student Loan Relief Should Happen in Bankruptcy Court” (May 11): I propose the following adjustments: The federal government stop providing student loans. CongressRead More →

Last January, student loan company Navient was forced to forgive $1.7 billion in federal student debt as part of a federal settlement ruled by Attorney General Maura Healey. The settlement, which also required Navient to distribute $95 million in restitution to about 350,000 federal borrowers, came after a long fightRead More →

Federal student loan interest rates are expected to rise for the 2022-23 academic year, following the US Treasury Department’s 10-year note auction on Wednesday afternoon. The new rates will be 4.99% for undergraduate loans, 6.54% for direct unsubsidized graduate loans and 7.54% for PLUS loans. These rates will come intoRead More →