student loans

The federal government’s break from payments for student loan borrowers will come to an end next month. Experts suggest taking these steps to get ready.

As the pandemic’s economic impact continues to weigh heavily on families, college becomes increasingly out of reach.

House Speaker Nancy Pelosi on Wednesday said President Joe Biden doesn’t have authority to forgive student debt. “That’s not even a discussion,” Pelosi said.

The Fed’s near-zero rate policy can help some Americans get a leg up, especially if they can refinance high-interest debt or take out a low-interest loan.

Democrats are pushing President Joe Biden to extend a moratorium on federal student loan payments and forgive up to $50,000 in debt.

Walmart associates will no longer have to pay a $1-per-day fee to participate in the company’s education program.

The possibility of more campus closures has sparked renewed interest in college refund policies and tuition insurance.

Today, 44.7 million borrowers collectively owe more than $1.7 trillion dollars in student debt. 

The University of Exeter is offering students who want to study medicine a £10,000 ($13,735) bursary and free first-year accommodation to defer their place.

More than two-thirds of federal student loan borrowers say it would be difficult for them to resume payments.

Very few families pay for the entire cost of college out of income and savings. Most use a combination of scholarships, grants and loans to bridge the gap.

The $1.5 billion of student loan debt the Biden administration has canceled so far isn’t necessarily related to broader forgiveness.

A change to student loan servicing and the debate over forgiveness could lead the White House to extend the payment pause.

Brookings estimates that while just 25% of student loan borrowers went to graduate school, these students hold about half of all outstanding student debt. 

In a letter addressed to President Biden, Senators argued “neither student loan borrowers nor student loan servicers are prepared for payments to resume.”

As the economy bounces back from the pandemic, most parents say their child’s college plans have returned to what they were pre-Covid.

The Pennsylvania Higher Education Assistance Agency, which services federal student loans for the U.S. Department of Education, will no longer do so.

Education Secretary Miguel Cardona has said extending the pause is on the table.

Students will soon have to make decisions around how much to borrow for college. Here’s some advice from experts.

“Student debt falls heavily on the shoulders of young people.”