Government policy needs to look forward and backward. Two proposals before the Legislature would do just that.
student debt
Posted inBusiness, Local & State, Politics, Schools and Education
Maine might cut student loan debt for first-time homebuyers
The bill would provide one-time funds for mortgages to first-time homebuyers who have student loan debt.
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Posted inLocal & State, News, Schools and Education
Legislature eyes a simplified, expanded student loan credit to help Mainers pay student debt
About 25,000 more would likely benefit from the proposed annual tax credit change to offer up to $2,500 to most Mainers who have student debt
Posted inBusiness, Local & State, News, Schools and Education
Maine borrowers will benefit from Navient student loan settlement
The student loan servicer would cancel some debts and pay restitution to some borrowers under an agreement with attorneys general in Maine and other states.
Posted inBusiness, Nation & World, Schools and Education
Maine included as Navient settles predatory student loan claims for $1.85 billion
Navient, a major student loan servicing company, denied acting illegally, and it did not admit to any wrongdoing under the settlement, which is subject to court approval.
Posted inLocal & State, Schools and Education
Maine commission on college debt to start meeting this week
The Maine Legislature created the commission to study the impact that education debt has on Maine residents.
Posted inBusiness, Nation & World, Schools and Education
U.S. to erase student loan debt for those with severe disabilities
The move will wipe out more than $5.8 billion in debt and marks the start of a broader overhaul of a program that has been criticized for having overly burdensome rules.
Posted inLocal & State, Schools and Education
Maine to study burden of student debt on its graduates
Maine’s average student loan borrower has more than $33,000 in school loans, a legislator reports.