The Department of Education under President Donald Trump has suspended student loan forgiveness for borrowers enrolled in the Income-Based Repayment (IBR) plan. The pause impacts around 2 million borrowers seeking relief under one of the last remaining federal income-driven repayment options not blocked by legal challenges or court orders. System updates tied to related legal
Roughly 50 percent of families no longer see college as a good investment, according to a soon-to-be released book on higher education. In author Jeff Selingo’s “DREAM SCHOOL: Finding the College That’s Right for You,” on sale September 9, only 56 percent of families said they saw college as a worthwhile investment, down from 85
With student loan payments now fully resumed, millions of Americans are wondering whether their debt could block them from buying a home. The short answer? Not necessarily—but it will impact how much you can borrow, how lenders view you, and what kind of loan you can get. Here’s what today’s borrowers need to understand before
Student loan borrowers enrolled in the federal Saving on a Valuable Education (SAVE) plan reported unexpected increases in their loan balances, despite government assurances that no interest would accrue during their forbearance period. Affected individuals saw debts rise by thousands after receiving notices from the loan servicer Mohela indicating continued interest accrual, CNBC reported Monday.
Student loan debt is a major crisis in the United States that, unfortunately, doesn’t appear to be going away anytime soon. While repayment options are available, they’re still incredibly unaffordable for many people, leaving them unable to pay or desperately searching for alternative options. Mirjana Pusicic / Getty Images Recently, a TikTok user by the
Student loan debt is a major crisis in the United States that, unfortunately, doesn’t appear to be going away anytime soon. While repayment options are available, they’re still incredibly unaffordable for many people, leaving them unable to pay or desperately searching for alternative options. Mirjana Pusicic / Getty Images Recently, a TikTok user by the
The federal government has resumed collections on defaulted student loans, and nearly 200,000 borrowers could soon see wage garnishment, tax refund seizures, and even Social Security offsets. After a five-year pause, aggressive collection actions are officially back, putting many Americans’ financial stability at risk. If you have federal student loans in default, time is critical
Millions of student loan borrowers who have fallen behind on their repayments have just a matter of days to arrange a payment plan and get back on track. But which repayment option is best for your financial situation? May 5 Deadline The Department of Education (ED) recently confirmed that forced collections on defaulted loans will
The House Education and the Workforce Committee advanced a new proposal this week that, if enacted, could drastically reshape how Americans pay for college, with reforms to federal student loans and financial aid programs. Why It Matters More than 40 million Americans hold federal student loan debt, per Education Data Initiative. For some, repayment of
Student loans: consolidate or refinance? getty Student loans are a major financial concern for millions of Americans, often impacting everything from career choices to homeownership. With total student loan debt in the U.S. reaching over $1.77 trillion based on recent Federal Reserve data, many borrowers seek ways to better manage repayment. This article provides an