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Biden’s $10,000 in relief isn’t enough.
It's estimated 18,000 people will die with unpaid student debt over the next 10 years and, at one point, there was a proposal to recover that money from deceased estates.
The biggest loans don’t always cause the most problems.
Tens of millions of Americans are in student debt. Here's what you need to know.
Start with a goal. Make a plan. Never — ever — lose sight of how powerful interest can be. And look for big money wins. (That doesn’t mean you have to cut out your daily coffee fix.)
The education secretary is working hard to protect the scandal-ridden for-profit education industry from accountability.
Universities should be held financially accountable, in whole or part, when their graduates declare bankruptcy on student loans.
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
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.
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.
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.
Crippling student debt is an increasing burden for many. Is there a quicker or smarter way to pay it down?
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There’s a lot more to picking the right university course to study than just the subject. Making a wrong choice could mute your employment opportunities and even hurt your long-term financial future.
When we asked people around the world what sort of financial burden they bore for their higher education, we heard how much it varies from country to country.
The restaurant’s contest to pay off student loans is the latest offer to treat the idea of debt relief as a sweepstakes that only a lucky few can win.
Dwytt Lewis is one of the 400 Morehouse College graduates whose debt is being wiped by a US billionaire.
“Unfortunately, under your leadership, the Bureau has abandoned the very consumers it is tasked by Congress with protecting,” Frotman wrote to Mick Mulvaney, the bureau’s acting director. “Instead, you have used the Bureau to serve the wishes of the most powerful financial companies in America.”
Among his charges is that the bureau squashed publication of data showing banks are ripping off college students with “legally dubious” debit card fees. People familiar with the situation said that staff had discovered abuses with debit cards, which they said became vehicles for abuse after crackdowns on credit card rules. But the law only mandates that information on credit cards be published, and Mulvaney would not let the report go beyond that.
New data reveals how colleges are benefiting from billions in financial aid while students are left with debt they cannot repay.
As the average Kiwi student loan tops $30,000, a US comedian may have the answer.
It comes after the Turnbull government clinched a deal to claw back $250 million in higher education debt, a move labelled by Greens leader Richard Di Natale as "intergenerational theft."
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.
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.
Almost a third of Americans who take out loans to pay for their education don’t end up getting a diploma.
Taxpayers have written off more than $6 billion in interest charges on student loans with little benefit to the poorest students, a new report claims. - New Zealand Herald
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Scoop.it!
