Federal student loan repayment confusion sparks nationwide credit score concerns
Federal student loan borrowers should start repaying their loans so as not to affect their credit scores. A pause on credit ...
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Biden administration to forgive over $6 billion in student debt for The Art Institutes’ students
The Art Institutes was a private ... The department highlights how this misconduct saddled students with student loan debt without providing them with the means to repay it.
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$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
When the for-profit Art Institutes operated by Education Management Corp. shut down in the wake of fraud and illegal recruiting allegations, they left thousands of former students saddled with ...
Teachers union sues Education Department for halting student loan repayment plans
The American Federation of Teachers targeted the Education Department's decision to halt borrowers’ ability to enroll in ...
More than 1.3 million in Michigan have student loan debt. How that compares nationally
According to national study done by Smartasset, in Michigan, 13.9% of the population has some form of student loan debt — ...
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Pay the student loan debt, the credit card debt or the rent?
In March 2020, at the start of the pandemic, the federal government paused student debt payments. When they restarted more than three years later, the government told delinquent borrowers that missed ...
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Over 9 million student loan borrowers could see their credit scores tank as delinquencies are poised to hit record highs
The Federal Reserve Bank of New York released its latest biennial report that tracks student loan debt loads, delinquencies and related impacts to credit scores. The latest report provides a ...
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4 ways to pay down student loan debt faster
Student loan debt can feel like it will take an eternity to pay off. The standard repayment plan offered for federal student loans is 10 years — and many other plans extend long beyond that.
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Student loan wage garnishment: how it works and how you can stop it
When you do not make payments on your student loan debt for long enough, your loan servicer may take another route to get back the money you owe. One of these avenues is seizing your wages ...
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New York lawmakers introduce Bill to help new employees manage student loan debt
The New York State Senate has passed a critical piece of legislation aimed at addressing the student loan debt crisis ...
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Facing Student-Loan Debt Fears, Americans—and Their Communities—Turn to Crowdfunding
People have turned to crowdfunding as some federal student loan borrowers say their education wasn't worth the burden that their debt causes them. While many fundraisers were started by the people ...
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Nearing Retirement With Student Loan Debt? What You Can Do
student loan borrowers owe a whopping $1.7 trillion in federal and private student loan debt, according to the Federal Reserve. It may seem that student loan debt is most often a problem for ...