Vice President Kamala Harris vowed to keep “fighting” for student debt forgiveness after the Supreme Court declined to reinstate the Biden administration’s latest plan to cancel loans for millions of borrowers. Over a dozen Republican-led states have sued the federal government over the Saving on a Valuable Education (SAVE) plan, arguing that it will cost
(InvestigateTV) — A NerdWallet study found 30% of borrowers feel college wasn’t worth it for the money they spent. Around 20% report borrowing more money than they needed just because it was offered. Meanwhile, 31% said their student loan debt is preventing them from buying a house. Kate Wood, a writer with NerdWallet, looked over
‘We took a loan to pay off credit cards — and we maxed them out again’: Couple drowns in $100k credit card debt because husband can’t stop spending. Ramit Sethi responds Like many Americans, Ashley and Brandon turned to a debt consolidation company to manage their growing pile of credit card debt. Unfortunately, the consolidation
Today is National Parents’ Day, which recognizes, honors and uplifts the role parents play in raising children. (Pexels/Photo/Illustration/Alexis Wray) Families are constantly faced with difficult decisions when determining how to pay for their children’s college education. Many parents often take on Parent PLUS Loans to cover the cost. Parent PLUS Loans are federal loans for
Millions of borrowers still aren’t paying their student loans back months after payments resumed after a three-year pandemic pause, according to the latest data from the Department of Education (DOE). The data from the DOE found that roughly 20 million people aren’t making any payments on their student loans. For three years, the federal government
Over 1 in 3 Americans with student loans aren’t making any repayments — here’s 3 ways to kick debt to the curb Student loans are an ugly reality for millions of Americans. However, recent years have brought some much-welcome financial relief. From March 2020 to September 2023, all federal student loans were effectively frozen and
BI spoke to Gen X and boomer student-loan borrowers nearing retirement with six figures in debt. The student loans have prevented each of them from saving sufficiently for retirement. It’s part of a larger retirement crisis and could put Social Security benefits at risk. Diane Shelton, 58, has been working as a clinical psychologist for
WASHINGTON (TND) — Student loans are top of mind for voters paying off their debts: 29% of borrowers say student loan debt will have a major influence on their vote, according to a new Bankrate survey. Nearly half of borrowers (46%) call student loan debt a national crisis. The National Student Loan Data System reports
Millions of Americans are at risk of losing their Social Security benefits as student debt follows them into their golden years. According to a report from the New School Schwartz Center for Economic Policy Analysis, roughly 2.2 million Americans over the age of 55 have outstanding student loans. And if your loans fall into default,
Amid staffing concerns, San Francisco mayoral candidate and District 11 supervisor Ahsha Safaí is proposing to forgive $25,000 student loan debt for some first responders. In an effort to address struggles in hiring first responders such as police officers, nurses, and 911 dispatchers for the city, Safaí is proposing to start a new $1 million