Defaulted student loan borrowers catch a break
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The era of student loan leniency in the US is officially over. During the Covid-19 emergency, mandatory payments on federal student loans were paused to shield borrowers from the financial repercussions of missed bills.
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State of the State 2026: Student aid, foster support, veteran clinics
Governor Kathy Hochul has proposed a plan to freeze tuition at SUNY and CUNY schools, expand the SUNY and CUNY Reconnect program, regulate private student lenders, protect cosigners, overhaul the
More than seven million borrowers may soon see student loan payments skyrocket as the Education Department implements a settlement agreement that ends the SAVE plan.
Big changes are coming for student loan borrowers in the new year, especially for those who have fallen behind on payments. One major change arrives in January, when the federal government will resume student loan collections, including wage garnishment ...
Recent data shows that 44.7 million Americans carry $1.71 trillion in total U.S. student loan debt. For the time being, payments on those loans can wait, and interest will not accrue. On Jan. 20, the White House posted the following statement: “At the ...
WASHINGTON, DC - FEBRUARY 28: People rally in support of student loan forgiveness in front of the the U.S. Supreme Court on February 28, 2023 in Washington, DC. (Photo by Drew Angerer/Getty Images) Borrowers are reporting that student loan forgiveness ...
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Student-loan borrowers who make enough payments could get debt relief — and a big tax bill this year
A provision that made student-loan forgiveness tax-free is expiring in 2026. It could put borrowers on the hook for thousands of dollars in taxes.