Students throw their caps in the air during a graduation ceremony Getty Images With so many people eagerly awaiting the Supreme Court’s decision on President Joe Biden’s student debt forgiveness plan, it’s easy to forget about the other types of debt many people contend with. For example, credit card debt is a common problem for…
Many people are caught between the advice to invest more or to pay off debt. getty Pausing retirement investing to pay down student loans helped me become a debt- free millionaire in my thirties. Here’s why and how. Seven years ago, my husband and I had good careers, a 4-bedroom house, a savings cushion and…
On March 13, 2020 the federal government froze student loan payments as a response to the Covid-19 pandemic. No one could have foreseen that the pause would still be in effect three years later. After the government’s eighth extension of the payment freeze, SoFi, a student loan lender and refinancing company, filed a lawsuit to…
WASHINGTON, DC – FEBRUARY 28: Senator Elizabeth Warren speaks as student loan borrowers and … [+] advocates gather for the People’s Rally To Cancel Student Debt During The Supreme Court Hearings On Student Debt Relief on February 28, 2023 in Washington, DC. (Photo by Jemal Countess/Getty Images for People’s Rally to Cancel Student Debt )…
WASHINGTON, DC – MAY 12: Student loan borrowers gather near The White House to tell President Biden … [+] to cancel student debt on May 12, 2020 in Washington, DC. (Photo by Paul Morigi/Getty Images for We, The 45 Million) Getty Images for We, The 45 Million A federal court will allow most student loan…
Student loan debt pay off or forgiveness program. getty The student loan landscape turned out to be a confusing mess throughout 2022. Many people with federal student loans hardly know what is happening anymore, and it’s easy to see why. President Biden promised student loan forgiveness of $10,000 to $20,000 in federal debt per eligible…
With our student loan debt crisis raging on and Biden’s student loan forgiveness plan now officially paused, it’s easy to see why parents of college students — and college school students themselves — are worried. Nothing seems to be going right in the higher education space, and it couldn’t come at a worse time since…
A dashboard created by Axios shows the most commonly searched topics ahead of this month’s midterm elections. Student loan debt was the 10th most popular point of interest behind issues like jobs, taxes, firearms, and wages. Considering that President Joe Biden recently rolled out a student loan forgiveness program that applies to 27 million people…
By now, you have heard all about President Biden’s student loan forgiveness plan. If not, this plan is set to forgive up to $10,000 in federal student loan debt for eligible borrowers, or up to $20,000 in debt for students who used Pell Grants to attend school. Income limits apply as well, and it was…
Income Driven Repayment. getty The U.S. Department of Education has introduced several different waivers that apply to student loans in the past year, each of which share the common goal of helping student borrowers get the student loan forgiveness they deserve. These waivers combined have been coined the IDR waiver, although there’s no specific program…