Student Debt

With student loan payments scheduled to resume in September, the Biden Administration has not yet made a decision about debt forgiveness or another postponement of the payment freeze. Cody Hounanian, executive director at the Student Debt Crisis Center, explains why he is optimistic that student debt cancelation will happen.

The government relaxed the complex rules to apply to the program last fall. Here’s what you need to know if you want to erase your student loans

Blanket student loan forgiveness options are less effective in helping those who need it, data shows

The Community College of Philadelphia announced it is paying off nearly 1.5 million dollars in student debt. NBC10’s Brian Sheehan has the story.

Plans to forgive $10,000 of student debt will not cover all of what borrowers still owe. But the pause has been helpful for a very small percentage who are continuing to pay their loans through the pause — with those payments going fully toward the principal. CNBC’s Sharon Epperson explains.

The Biden administration says it will forgive all remaining federal student debt for former students of the for-profit Corinthian Colleges chain.

Over the last week, the Biden administration has dropped more hints that its decision on debt forgiveness could come before the midterms.

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.

For the sixth time now, the U.S. Department of Education has extended the payment pause on federal student loans.

Americans are drowning in student loans. But luckily there are some lifeboats out there. You just need to know where to find them… and where the paddles are. Here are three practical suggestions (and one not-so-practical suggestion) to get rid of your student loan debt.

The Biden administration is extending a student loan moratorium that has allowed millions of Americans to put off debt payments during the pandemic

If you owe federal student loans and you haven’t checked out repayment plans or your new loan servicer, time is ticking. Those plans can help you avoid a payment if you don’t have income – and meanwhile Washington continues to debate student loan relief, CNBC’s Sharon Epperson explains.

The Biden Administration made changes to the program that could offer debt relief to thousands of teachers, social workers, military members and other public servants

The Biden administration is temporarily relaxing the rules for a student loan forgiveness program that has been criticized for its notoriously complex requirements

The Community College of Philadelphia is using federal stimulus money to pay off some of their students’ debts. NBC10 Lauren Mayk has the story.

Talks of forgiving student debt continue as 45 million Americans get a student loan bill. Some programs already exist to relieve debt, but don’t have a widespread reach. Hear from Seth Frotman, executive director of the Student Borrower Protection Center.

In a CNBC/Harris Poll survey of older Millennials (ages 33 to 40), 40% still had half their student loan balance or more left to pay. CNBC’s Megan Leonhardt explains the survey results and which life decisions millennials had to delay because of the debt.

President Joe Biden continues to look for a way to fulfill a campaign promise – forgiving federal student loan debt up to $10,000. Nearly 45 million borrowers owe $1.71 trillion in federal student loans.

Joe Biden has promised to tackle America’s $1.6 trillion student debt crisis, starting by extending the nearly year-long pause on federal loan payments. LX News welcomed student loan debt expert Robert Farrington of The College Investor, who says forgiveness won’t solve the problem of rising college costs and explains the reforms needed to stop the ongoing crisis.

The two crucial Georgia runoff elections in which Democrats Jon Ossoff and Raphael Warnock are looking to replace Republicans David Perdue and Kelly Loeffler will not only determine which party controls the Senate but the fate of the reforms that President-elect Joe Biden campaigned on. NBCLX’s Noah Pransky breaks down how this election will affect policy on climate change, coronavirus...