student loan debt

The data shows student debt is increasing far faster than wages. An expert from the Education Data Initiative, explains why the country needs to rethink how it views higher education, and which degrees give a quicker return on investment.

The Biden Administration says the Federal Student Loan Debt Relief application is now open. Eligible applicants can get debt reduced or completely wiped out.

Relief is on the way for millions of current and former college students. “Huge relief to be honest, because student loans are so high now and school is so expensive,” college junior Jacquelyn Cunningham said. Cunningham said she was overwhelmed with happiness after she applied for Federal Student Loan Debt Relief. “It means the world to me. I pay for…

President Joe Biden introduced the new digital hub for student loan forgiveness, where eligible Americans can apply to have part or all of their federal student loan debt cleared. Visit studentaid.gov for more information or to see if you qualify.

The Department of Education has released a preview of the application form borrowers will need to fill out to apply for federal student loan debt relief.

A small business advocacy group has filed a new lawsuit seeking to block the Biden administration’s efforts to forgive student loan debt for tens of millions of Americans. The suit, filed Monday by the Job Creators Network Foundation, argues the Biden administration violated federal procedures by failing to seek public input on the program. It also argues the program is...

Millions of Americans will soon be able to apply for up to $20,000 in student loan debt relief. The Biden administration is revealing new information about how many people are expected to be eligible. Borrowers will be eligible for $10,000 in student loan forgiveness if they have an annual income of less than $125,000, or $250,000 for married couples, according to the…

If you made payments on your federal student loans during the extended payment pause, you can request a refund. For some, doing so may boost forgiveness.

People who went to college on Pell grants will be able to have up to $20,000 in federal student loan debt forgiven. Here’s everything to know about Pell grants and how to check if you received one.

Some Connecticut residents reacted to President Biden’s student loan forgiveness plan on Wednesday.

President Joe Biden has announced plans to cancel thousands of dollars-worth of student debt for millions of Americans at a time when nearly half a million Connecticut residents are carrying billions of dollars worth of student debt. Connecticut student loan borrowers owe a combined $17.5 billion and the average student loan debt for Connecticut residents is “notably higher” than the…

President Joe Biden announced in a tweet Wednesday that his administration and the Department of Education would be providing up to $20,000 in student loan forgiveness, as well as extending the payment moratorium through the end of the year.

Biden is also set to extend a pause on federal student loan payments for what the White House calls the “final time” through Dec. 31, 2022, and propose capping the amount that borrowers pay monthly on undergraduate loans at 5% of their earnings

Hundreds of former students in Connecticut are getting their educational loans forgiven after the U.S. Dept. of Education announced the cancellation of nearly $3.9 billion in debt. Federal officials announced Tuesday that all remaining federal student loans for borrowers that attended the ITT Technical Institute from Jan. 2005 through its closure in Sept. 2016. The decision will result in 208,000…

The action will cancel $3.9 billion in federal student debt for 208,000 borrowers, the Education Department said

The Education Department has canceled around $6.8 billion in student debt for more than 110,000 borrowers through the public service loan forgiveness waiver.

The White House was notably more measured about Biden’s stance, but such moves would be a boon to many of the 43 million Americans carrying student loans.

Here’s what borrowers need to know about the U.S. Department of Education’s plans to overhaul the student loan system.

A new federal report finds that record-keeping failures by the Education Department may have left thousands of Americans stuck with student debt that should have been forgiven.

The White House announced Wednesday that payments on federal student loans will remain paused through May 1, 2022.