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The 23-year-old is among current and former university students whose loans will jump in line with inflation from June.
As millions of student loan borrowers await the application for debt relief, the White House is releasing a few more details of what they can expect from the form.
The government’s efforts to help those who were defrauded by their schools have all but ground to a halt. Instead, it is fighting claims in court.
On 1 July the threshold falls by more than $10,000, so if you earn at least $45,000 you’ll start repaying your loan
Families need clarity when it comes to figuring out how much higher education is going to cost them. Unfortunately, that's not what they're getting.
The saga of Drew Cloud reveals just how badly those with debt want reliable information.
Education Secretary Betsy DeVos made clear even before taking office last year that she was more interested in protecting the companies that are paid by the government to collect federal student loan payments than in helping borrowers who have been driven into financial ruin by those same companies.
Ms. DeVos’ eagerness to shill for those corporate interests is apparent in a craven new policy statement from the Education Department. The document claims that the federal government can pre-empt state laws that rein in student loan servicing companies if such a law “undermines uniform administration of’’ the student loan program.
This legally baseless policy statement could easily have been written by the servicers, who will no doubt use it as a smoke screen when they are sued by states for using deceptive practices. The statement clearly is intended to intimidate state legislatures across the country that are considering proposals to curb well-documented abuses by this industry. Curbs are already being applied in California, Connecticut, Illinois and the District of Columbia, where loan servicers are required to have state licenses and submit to state regulation.
If you are willing to share some basic financial information with us, we can ask tax experts to crunch the numbers.
In an echo of the subprime mortgage crisis, one of the largest owners of troubled student loans cannot collect because documents are missing.
Our best guidance for families and students trying to figure out the best strategies for managing college debt.
Teachers, doctors and others in the public service loan forgiveness program seek guidance on whether they are truly eligible to erase their student loan debt.
An adviser has a four-step plan to prepare for the financial gantlet that is your child’s college education.
Hillary Clinton’s campaign released an online tool that calculates the cost of college under the presidential candidate’s higher education plans.
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Hit with a record high indexation rate, many young Australians don’t see how they will ever make a dent in their Help debt
Biden’s $10,000 in relief isn’t enough.
More than one in 20 people with a higher education debt owe more than $50,000, analysis of tax office data shows.
A stronger economy makes it more likely that graduates will be able to find jobs and meet their loan payments, but there are reasons to be cautious.
Previously, the fact that you had a HELP or TSL debt when you left the country didn’t matter. Now it does.
Vocational education in Australia has been ravaged by a scheme that saw free laptops handed out in return for massive student loans, leaving people disillusioned and burdened with debt.
College was great, but no one mentioned how soul crushing my debt would be.
After $70,000 in payments, one teacher found that he wasn’t in the public service loan forgiveness program after all. Now, he has to start over.
Initiatives in Rhode Island and Maryland aimed at easing students’ debt load have the potential to be models for other programs nationwide.
Students will now have to pay back more of their loan, and repay quicker.
Students are told to borrow so they can go to college because they will be happy about it later. But many end up unhappy.
The $1.3 trillion composite-debt total is far from the only problem degree seekers—especially those at for-profit universities—face.
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