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...

Senators Propose Major Changes To Student Loan Forgiveness

Secretary of Education Miguel Cardona (Photo by Win McNamee/Getty Images) Getty Images Two U.S. senators have proposed major changes to student loan forgiveness. Here’s what you need to know — and wha...

Biden Cancels $5.8 Billion Of Student Loans

U.S. Secretary of Education Miguel Cardona (Photo by Joshua Roberts/Getty Images) Getty Images The Biden administration announced today that it will cancel $5.8 billion of student loans. Here’s what y...

Need to tap your 529 college savings? How to handle a market downturn

Klaus Vedfelt | DigitalVision | Getty Images Months of stock market volatility may deliver a costly surprise to parents sending children to school this fall: smaller-than-expected 529 college savings ...

Student Loan Cancellation Is An ‘Insult To The Majority Of Americans,’ Senator Says

Sen. Tom Cotton (Photo Courtesy of the Committee on Arrangements for the 2020 Republican National … [+] Committee via Getty Images) Photo Courtesy of the Committee on Arrangements for the 2020 R...

SoFi shares have taken too heavy a beating ahead of ‘significant earnings momentum,’ analyst says

SoFi Technologies Inc. shares have taken too much of a beating, according to a Piper Sandler analyst who upgraded the stock Monday. Piper Sandler’s Kevin Barker said in a Monday note to clients that t...

Student Loans Will Become More Expensive — Here Are The New Rates

President Joe Biden (Photo by NICHOLAS KAMM/AFP via Getty Images) AFP via Getty Images Student loans will become more expensive this year. Here are the new rates. Here’s what you need to know — and wh...

Opinion: Our student-loan system needs fixing — and this change would be smarter than just forgiving debt

Most of the recent discussion of student debt has focused on the prospect of forgiving that debt—telling borrowers that they don’t have to repay the funds the federal government provided to help them ...

I borrowed $50K for culinary school, but now owe $90K. How do I get out of debt?

How to get out of student loan debt Getty Images/iStockphoto Question: I went to culinary school where I received a bachelor’s degree in culinary management. At the time in 2007, I didn’t know it woul...

Student Loans May Get Canceled, But More Limits Mean You Might Not Qualify

President Joe Biden (Photo by Ethan Miller/Getty Images) Getty Images Student loans may get canceled, but more limits mean you might not qualify. Here’s what you need to know — and what it means for y...

Student Loan Forgiveness Is A ‘Loser Issue’

Bill Maher (Photo by Jeff Kravitz/FilmMagic, Inc for HBO Films) FilmMagic, Inc for HBO Films Bill Maher says that student loan forgiveness is a “loser issue.” Here’s what you need to know. Student Loa...

I’m 69 and ‘never got a job that paid well.’ How can I tackle student loan debt?

How to get out of student loan debt Getty Images/iStockphoto Question: I went back to college to get my degree after my children had grown up and my mother passed away. I left my job as a corporate ch...

Should Biden Cancel Your Student Loans If You Already Paid Them?

President Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images Should President Joe Biden cancel your student loans if you already paid them? Here’s what you need to know. Student Loans As Bide...

White House May Limit Student Loan Relief To Incomes Under $125,000, Psaki Says

Topline The Biden Administration could offer student loan relief to Americans who earn less than $125,000 per year, White House Press Secretary Jen Psaki confirmed Tuesday—as President Joe Biden mulls...

When Student Loan Debt Paused, These Borrowers Kept Paying

Rather than skipping payments during the Biden administration’s student-loan freeze, a small but committed percentage of borrowers chose to keep paying anyway. As of December 2021, 1.2% of borrowers c...

‘I can’t afford to pay the loan because I’m on a fixed income.’ I’m a 57-year-old widow with $67K in student loan debt. Can you help me get rid of it?

There are some forgiveness and benefit options, including some specific to military spouses that could provide financial compensation. AP Question: I’m a military wife, and my husband died on active d...

‘It is costing more to survive now.’ I owe $109K in student loans, and the balance keeps going up as the loan servicer ‘continuously tacks on more money.’ With high inflation, how can I even cope with my student loans now?

Unfortunately, it is possible for a loan balance to increase, even as you are making payments. iStock Question: I have student loans in excess of $109k.  I am on an income-driven plan but my biggest p...

White House Said To Eye Income Caps For Student Loan Forgiveness

Topline The White House is weighing income limits for student loan forgiveness, the Washington Post reported Saturday, days after President Joe Biden said he may cancel “some” debt and indicated he is...

What Should Republicans Do If Biden Forgives Student Loans?

2020 Democratic presidential hopeful former US Vice President Joe Biden speaks during the Women’s … [+] Leadership Forum Conference on October 17, 2019 in Washington DC. (Photo by Eric BAR...

Young Americans Overwhelmingly Want Government To Help Student Debt—But They’re Split On Canceling It, Poll Finds

Topline More than 80% of Americans ages 18 to 29 want the government to take action when it comes to student debt relief, a new Harvard Youth Poll finds, but as the Biden Administration mulls whether ...

‘I feel deceived’: After 20 years of paying my student loan, I discovered I don’t qualify for forgiveness. My loans total $167,000. What can I do?

I took out loans for professional/graduate school during the years 1993 to 1996. I took out about $54,000 in loans. In 2002, I consolidated all my federal loans. The balance is approximately $167,000....

Here’s how to craft student-loan forgiveness in a way that cuts out those who don’t need help

The Federal Reserve Bank of New York on Thursday released new analyses on student loans, with one blog post focused on who would benefit from various approaches to canceling such debt — as well as eac...

‘Life is measurably better without the burden of this debt’: As Biden reviews student-debt cancellation, young people with debt delay buying a house and even having kids

Young Americans are buckling under the weight of their student debt. A large majority (74%) of Generation Z (ages 18 to 25) and 68% of millennials (ages 26 to 41) who took on student debt delayed a ma...

‘My degree has not led to greater income.’ Can I get rid of old student loans?

How to get out of student loan debt Getty Images/iStockphoto Question: I have a degree, and I’ve been paying the student loan for about 25 years. I switched to income-driven repayment in 2011. The loa...

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...

My ex-husband encouraged me to drop out of college after a year, and now I’m struggling to repay my student loans. Is there anything I can do?

It’s also important to make sure you don’t neglect the emotional impact of this situation. Getty Images/iStockphoto Question: I took out a student loan in 2006, but my ex-husband was very controlling,...

‘Please help!’ It seems like I have been paying my child’s student loan forever. How much longer must I pay it off?

Dear Quentin, It seems like I have been paying my Parent PLUS Loan forever. Someone told me that when my husband passed away, even though we were divorced at the time, I wouldn’t have to keep paying t...

‘The weight of this debt is crushing’: I’m 74, and a retired speech-language pathologist with a student-loan debt of $200K. Am I obliged to pay it off?

Dear Quentin, I have not seen anyone address student-loan debt for people over 70 years of age. I am a 74-year-old retired  speech-language pathologist with a student-loan debt of $200,000.  I’m on a ...

I’ve been paying my student loan for 37 years, but now I’m earning $11K a year

How to get out of student loan debt Getty Images/iStockphoto Question: I have a student loan from 1984 that I defaulted on. I am 72 years old and have been paying through a deduction in my Supplementa...

‘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 ...

I’m 62 with $100K in student loans and $13K in credit card debt. What can I do?

How to get out of student loan debt Getty Images/iStockphoto Question: I work as a nurse for a small for-profit agency.  I am salaried and have no option for overtime. I only have every other weekend ...