President Biden unveils fresh federal student loan forgiveness program, just as borrowers brace themselves for the resumption of payments after a three-year hiatus brought about by the COVID-19 pandemic. This latest initiative from the president will provide assistance to 125,000 borrowers by eradicating $9 billion in debt through existing relief programs, according to the …
Student Loan Repayment Date is Here, Resuming After 3-Year Hiatus Student loan repayment requirements are set to resume this month, but many borrowers are facing customer service issues with their loan servicers. The resulting chaos has caught the attention of 19 state attorneys general, who argue that borrowers should not be required to repay their …
In October, millions of Americans will have to start repaying their federal student loans. This entails monthly payments that can average hundreds of dollars. To prepare for this, borrowers are finding ways to cut expenses, take on extra work, and explore options to reduce their monthly payments. Megan McClelland, a 38-year-old counselor at Petaluma …
Millions of Americans with student loans will need to resume payments starting October 1, even in the case of a U.S. government shutdown that could start that same day, according to Education Department officials. House Speaker Kevin McCarthy is running out of time to pass spending measures by Saturday night when the federal fiscal year draws …
In the upcoming week, two significant events are poised to occur simultaneously: a potential government shutdown and the resumption of student loan repayments. Since March 2020, student loan repayments have been on hold due to a pandemic relief policy. However, if lawmakers fail to reach an agreement on a short-term government funding bill by midnight …
The Role of AI in the Future of Coding and Higher Education The decision to major in English can be put to the test if you have a diverse family background or pragmatic relatives who question its practicality. As a college freshman, my extended family of Salvadoran immigrants and midwesterners doubted that being able to …
The Federal Reserve left its target federal funds rate unchanged Wednesday, but did not indicate an end to its aggressive rate hike campaign. This provides little relief for households facing sky-high borrowing costs. In total, Fed officials have raised rates 11 times in the past 18 months, bringing the key interest rate to a target …
Artistgndphotography | E+ | Getty Images The Federal Reserve is expected to forgo an increase in interest rates during its upcoming meeting, according to industry experts. However, this may not bring any relief to consumers. Since last year, the central bank has raised interest rates 11 times, marking the most rapid pace of tightening since …
Juan Algar | Moment | Getty Images Student loan payments are set to restart in October after a pause of over three years, and the Federal Trade Commission (FTC) is warning borrowers about potential scams and fraudulent offers. In a consumer alert released on Thursday, Ari Lazarus, a consumer education specialist at the FTC, cautioned …
The Biden administration’s recent student loan repayment initiative has garnered enrollment from a staggering 4 million individuals within just two weeks of its launch in late July, according to officials from the Education Department. This groundbreaking plan, known as the Saving on a Valuable Education (SAVE) plan, has the potential to substantially reduce monthly repayment …