Christine Hensley is chair of the Iowa Student Loan Liquidity Corp. board. Steven McCullough is CEO of Iowa Student Loan Liquidity Corp. Editor’s note: The April 21 Register editorial “Student borrowers shouldn’t be asked to sign away their rights” noted court filings within the preceding month when Iowa Student Loan had filed previously signed confessions
My husband and I both work full time. We like our jobs, but we work hard. Our reward? Sending thousands of dollars to the federal government each year. Much like millions of other Americans on Tax Day, we had to write a large check and send it off to the Internal Revenue Service. It’s always painful
Student loan season, also known as when students file for financial aid, looks a little different this year. Some changes to application forms and deadlines for the 2024-2025 academic year can bring confusion, and scammers can take advantage of those who are clouded with it. The Biden administration announced a student loan forgiveness program near
This week, the Biden Administration announced a plan to cancel $7.4 billion in student loans for 277,000 borrowers. The U.S. Department of Education reports that Texans have the second-highest amount of student debt, behind Californians. 3.8 million students owe $33,400 on average. Fewer than 20% of Texas borrowers are on an income-driven repayment plan. Here’s
On Monday, President Joe Biden’s administration unveiled yet another student debt relief plan. It was the latest announcement from a presidency that will be remembered for student loan debt forgiveness, regardless of your place on the political spectrum. By this fall, more than 30 million people may benefit from the new proposals, which are supposed
My generation has a political problem. We gravitate toward quick fixes for massive problems that plague our country. The generation raised on instant gratification, to little surprise, is looking for the same in politics and government. On no other issue is this more apparent than the student loan crisis. Rather than targeting the root of
It’s last call to consolidate your student loans and have a shot at getting your debt canceled. The U.S. Education Department set April 30 as the deadline for borrowers to consolidate federal student loans and get a one-time payment adjustment this summer. Consolidating debt could help anyone hurt by loan servicing failures receive credit for