Student debt
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PublishedAugust 24, 2022
Thousands of Mainers stand to benefit from student debt relief
The president's decision to provide $10,000 in federal student debt reduction will benefit about 177,000 borrowers who live in Maine, the Maine Center for Economic Policy estimates.
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PublishedAugust 24, 2022
Who qualifies for Biden’s plan to cancel $10,000 in student debt?
The White House estimates roughly 43 million federal student loan borrowers are eligible for forgiveness, and about 20 million could have their debt completely wiped out.
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PublishedAugust 24, 2022
Biden’s student loan forgiveness plan could help more than 40 million people
Borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness.
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PublishedAugust 23, 2022
Biden nears decision on canceling $10,000 in student loans as allies feud
Borrowers are scheduled to resume student loan payments Aug. 31 unless the White House extends the current pause.
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PublishedAugust 16, 2022
U.S. cancels $3.9 billion in ITT Tech students’ loan debt
Education Secretary Miguel Cardona says the for-profit college 'misled students about the quality of their programs.'
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PublishedMay 15, 2022
Biden plunges into the risky politics of student loans
As Biden mulls forgiving a portion of student debt, conservatives say it would be a gift to irresponsible elites, while liberals say it's a crucial lifeline for young people struggling to get ahead.
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PublishedMay 10, 2022
Americans put more on credit cards as inflation boosts costs, Fed data show
A record 537 million credit card accounts were opened in the first quarter, a jump of 31 million over the past year.
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PublishedApril 25, 2022
Student loans have delayed wealth-building for Gen Z and millennial borrowers, survey shows
Yet, a majority of U.S. adults with student loan debt say their degree has unlocked career and salary opportunities that wouldn’t otherwise be possible.
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PublishedApril 19, 2022
Biden administration gives more borrowers a chance of student debt cancellation
Any month in which borrowers made payments will now count toward forgiveness, even if they were not enrolled in an income-driven plan.
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PublishedApril 5, 2022
Maine colleges must provide transcripts to students who owe
The law goes into effect 3 months after the Maine Legislature adjourns.