Borrowers are scheduled to resume student loan payments Aug. 31 unless the White House extends the current pause.
student debt
Posted inBusiness, Nation & World, Schools and Education
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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Posted inPolitics
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.
Posted inBusiness, Nation & World, News
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.
Posted inBusiness, Nation & World, Schools and Education
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.
Posted inBusiness, Nation & World, Schools and Education
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.
Posted inLocal & State, Schools and Education
Maine colleges must provide transcripts to students who owe
The law goes into effect 3 months after the Maine Legislature adjourns.
Posted inNation & World, Schools and Education
White House to extend pause in student loan payments through August
Student loan payments were scheduled to resume May 1 after being halted since early in the pandemic.
Posted inCoastal Journal, The Forecaster
In midst of student debt crisis, Brunswick teacher trains savvy spenders
High school math teacher Sam Farrell covers topics such as saving, investing and loans, with the aim of helping his students avoid burdensome debt as they enter college or start their professional lives.
Posted inLocal & State, News, Schools and Education
USM wipes away about $2 million in student debt
The university said it excused all student debt acquired between spring 2020 and summer 2021, during the COVID-19 pandemic.