The federal student loan system is a mess right now. “Unprecedented uncertainty,” says Beth Akers, a higher education researcher at the conservative-leaning American Enterprise Institute (AEI). “Total disarray,” says Michele Zampini with the left-leaning Institute for College Access and Success. They’re talking about the fact that 8 million federal student loan borrowers are waiting for
New Delhi: A 45-year-old man, who had reported a burglary at his house in Uttam Nagar, was arrested after it was found that he had staged the crime to repay his mounting debts, a police officer said on Monday. The accused, identified as Butta Singh, worked as an AC technician and owned a shop in
Shark Tank investor and businessman Kevin O’Leary outlined his plan to pay off student loans in a segment of Ask Mr. Wonderful on YouTube on October 28, 2019. The question came from a viewer named John, who wanted to know the best strategy for Millennials to pay off their student debt. In response, O’Leary made
Michaela Galligan | Staff Writer On Thursday, March 20, President Donald Trump signed an executive order to dismantle the U.S. Department of Education, following through on his long-standing opposition to the agency. Trump has targeted the department since his campaign citing concerns over bureaucracy and liberal influence. Before the order, his administration had already downsized
Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. The Department of Education provides money to local school districts. It spends billions of dollars on special education. But more than anything else? It operates like a bank. More than 40 million Americans are
The Brief A former Glendale Heights attorney was sentenced to six years in prison for identity theft. Leonard DeFranco, 71, reportedly used his now ex-girlfriend’s personal information to obtain over $82,000 in fraudulent loans. Investigators say DeFranco stole more than $845,000 from multiple victims over the years. DUPAGE COUNTY – A former Glendale Heights attorney
Ukraine is firmly rejecting the classification of US military aid in its fight against Russia’s invasion as a loan. “We are grateful for the support, but this is not a loan, and we will not allow it,” President Volodymyr Zelensky told journalists in Kiev on Friday. Zelensky also confirmed that Ukraine has received a new
The past few years have been rocky for student loan borrowers, with loan forgiveness options announced and taken away at a whiplash speed. And it’s not likely to get easier anytime soon. Many borrowers are already beginning to face the consequences. This week, the Federal Reserve estimated that more than 15% of all student loan borrowers are
With the steep cost of higher education in the U.S., the amount of money that many students have to borrow in order to attend college can leave them in debt post-graduation. Sometimes the sum feels insurmountable. If you are among those borrowers looking at a hefty student loan burden, it is vital to not simply
Why You Can Trust Us Investopedia was founded in 1999 and has been helping readers find the best auto refinance loans since 2020. Investopedia’s research and editorial teams conducted independent, unbiased research into the auto loan industry, collecting nearly 1,000 data points on 16 auto loan lenders. Each lender was objectively scored and ranked on