SoFi CEO Noto makes ‘opportunistic’ million-dollar stock purchase as SVB crisis fuels selloff

As SoFi Technologies Inc. shares fell Friday amid the fallout over Silicon Valley Bank’s collapse, the financial-technology company’s chief executive bought up stock. SoFi Chief Executive Anthony Noto...

‘I’m holding my breath’: What will happen if the Supreme Court blocks Biden’s student-loan forgiveness plan?

As the Supreme Court debates President Joe Biden’s student-loan forgiveness plan, Americans’ consumer debt continues to rise — and more of it is past due. For Shanna Hayes, 34, who was recently laid o...

The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.

This was the year the White House embraced the idea of mass student-loan forgiveness, but 2023 will likely be the year when borrowers will find out whether the policy will actually impact their wallet...

Debt cancellation got all the attention, but this Biden proposal could impact student-loan borrowers more, critics and advocates say

When President Joe Biden announced in August that his administration planned to cancel $10,000 in federal student debt for most borrowers, Allison Daurio felt some relief.  Under the White House’s deb...

Goldman Sachs has run the numbers on student-loan relief. This is its assessment.

The White House on Wednesday finally released its program for student-loan-debt relief, saying it will cancel up to $20,000 in debt per borrower to households earning as much as $250,000. Read: Biden ...

‘Student-loan socialism’ — Republicans blast Biden’s debt-forgiveness move, as Democrats praise his ‘effective action’

President Joe Biden on Wednesday made his long-awaited announcement on federal student loans, saying his administration plans to cancel $10,000 in debt per borrower for individuals making under $125,0...

Biden Planning Student-Loan Announcement Wednesday

White House officials are planning for President Biden to make an announcement on Wednesday about his proposal for dealing with student-loan debt, according to people familiar with the matter. The pre...

Larry Summers Opposes Full Student-Loan Forgiveness

President Joe Biden will likely announce soon the fate of student debt, as the current pause in federal student-loan payments is set to expire Sept. 1. About 45 million people owe approximately $1.7 t...

‘I’d love to be married now. I would love to be a dad by now. I’d love to have a home by now’: The winners and losers in Biden’s plan to cancel $10,000 in student-loan debt

The Biden administration is planning to cancel $10,000 in student-loan debt for borrowers earning below a specific income threshold. But for borrowers like Johnathan Perkins, 36, the amount of debt fo...

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 ...

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...

‘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 ...

SoFi Stock Drops as Firm Cuts Forecast on Student-Loan Pause

(Bloomberg) — SoFi Technologies Inc., which operates a business for refinancing educational debt, cut its guidance after President Joe Biden’s administration again extended the pause on student-...

Student-Loan Processor Navient to Cancel $1.7 Billion of Debts

One of the nation’s largest student-loan processors will cancel the debt of 66,000 borrowers, totaling $1.7 billion, in an agreement with 40 state attorneys general. The agreements resolve all six out...