There’s less than two weeks until the latest pause on federal student loan payments is set to expire on Aug. 31. No need to tell Cassie Smith. The chance of restarted payments are “a looming rain clou...
Tag: Borrowers
Maven 11 launches $40M lending pool on Maple as borrowers turn to DeFi
Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market. The $40 million pool financed by inst...
Why an Arkansas town could provide a grim road map for America if car repos blow up
As recession worries loom over America, a debt crisis already bearing down on wage workers in northwest Arkansas could foreshadow bigger problem for a nation on high alert for a flood of car repossess...
Congress May Soon Pass RMD Age Hikes And Retirement Aid For Student Borrowers
The House of Representatives has passed the SECURE Act 2.0, otherwise known as the Securing a Strong Retirement Act. This bill tweaks the laws around tax-advantaged retirement accounts in several diff...
Borrowers are on edge—will Biden cancel student debt or not? Here’s what’s going on.
The “he” is, of course, President Joe Biden. Some 43 million borrowers are hanging onto hope that Biden will take executive action to relieve at least some of their collective $1.7 trillion debt. Rumo...
Biden Has Canceled $25 Billion Of Student Loans, But Student Loan Forgiveness Still Eludes Borrowers
President Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images President Joe Biden has now canceled $25 billion of student loans. Here’s what you need to know — and what it means for your stude...
Biden administration to erase student debt of more than 40,000 borrowers
The Biden administration continued its student loan cancellation effort on Tuesday by announcing that 40,000 borrowers would see their student loans become eligible for discharge under the Public Serv...
Biden administration launches student loan review, says 40,000 borrowers will see debt canceled
The Department of Education announced Tuesday a new review of its student debt portfolio, which it says will correct for past mistakes that denied 3.6 million borrowers credit toward student loan forg...
Biden Administration Will Broaden Student Loan Forgiveness Programs For Millions Of Borrowers
Topline The Department of Education announced a plan Tuesday to immediately forgive student loan debt for at least 40,000 Americans—and move another 3.6 million borrowers closer to loan forgiveness—us...
‘It seems a bit like Lucy pulling the football away.’ Student loan borrowers got another break on payments — what comes next?
President Joe Biden extended the lifeline the federal government has provided to most student-loan borrowers during the pandemic. But that doesn’t mean these borrowers are feeling any more assured of ...
Borrowers are ‘facing a financial cliff that could be disastrous,’ advocate says
The pandemic payment pause for federally-backed student loans is set to expire after May 1, and both prominent Democrats and advocates for reform are warning that many borrowers are not prepared. “Our...
Borrowers waiting as May 1 student loan payment restart approaches
Payments on federal student loans are set to kick back in for roughly 37 million borrowers in just over a month. But with the May 1 end of the payment pause rapidly approaching, signals have been mixe...
US federal borrowers saved $200 billion during student loan pause — Quartz
An estimated $195 billion worth of US student loan payments has been waived since the federal government enacted a freeze in March 2020 in response to the coronavirus pandemic. The Federal Reserve Ban...
Only 18% of federal borrowers paid their student loans during the pause. That could make things complicated when payments restart
Since the start of the pandemic, most federal student loan borrowers have had their payments paused, and interest rates are set at zero. But not every American has been able to take advantage of these...
NFT Renting — How do Lenders and Borrowers Benefit From IQ Protocol?
Just like 2020 was the year of DeFi, 2021 ultimately proved to be the year of NFTs. NFTs were arguably the hottest trend not only within the crypto space last year, but probably in all of tech. Not j...
Borrowers rush to get the last of the low mortgage rates
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images M...
Decentralized Marketplace for Lenders & Borrowers
Venus Protocol (Venus) is the top money market protocol running on Binance Smart Chain (BSC) which offers a complete decentralized finance-based lending, borrowing, and credit system on digital assets...
Housing Crisis: Why 40-Year Mortgages Might Help Delinquent Borrowers
Text size Illustration by Laurent Duvoux About the author: Patrick Harker is the president and CEO of the Federal Reserve Bank of Philadelphia. The Covid-19 pandemic is not over. But many of the pande...