President Biden has asked Education Secretary Miguel Cardona to look into the president’s ability to cancel up to $50,000 in student loan debt through executive action. The cost of attending college has risen significantly in recent decades, making the aid of student loans a necessity for a great number of individuals. According to an analysis […]
read More
President Biden has cancelled $1 billion in student loan debt, but who is eligible? The Biden administration will be forgiving student loan debt of individuals whose schools have engaged in misconduct or “misleading” practices. This will apply to approximately 72,000 borrowers. Education Secretary Miguel Cardona states, “Borrowers deserve a simplified and fair path to relief […]
read More
In the following article, these particular facts about United States student loan borrowers are revealed: Out of 1,059 survey respondents in a new poll titled “Yahoo Finance and Harris Poll” 22 percent responded they have student debt. Out of this 22 percent of respondents, 44 percent stated they have not made payments since March of […]
read More
The federal government’s income-driven repayment (IDR) program exists to grant low-income individuals debt relief after 20-25 years of monthly payments. However, due to numerous flaws in the program, only 32 borrowers have ever qualified for cancellation of their loans through IDR. This poses as a real issue, as about two million borrowers currently face the […]
read More
Lawmakers have been pushing President Biden to forgive $50,000 in student debt per borrower. Many may respond to that fact by stating student borrowers have not been as detrimentally impacted by the ongoing pandemic as other demographic groups. However, numerous facts assert that those who hold student debt have actually been hit hardest by the […]
read More
The U.S. Department of Education’s office of Federal Student Aid website serves as a reliable source detailing the latest updates relevant to payment of your student loans. Via the following link, you will find an update stating the COVID-19 emergency relief for student borrowers has been extended through September 30, 2021. The new initiative will […]
read More
President-elect Joe Biden plans to forgive $10,000 in student debt per borrower, in a legislation separate from the newly unveiled $1.9 trillion stimulus package. There have been many calls for loan forgiveness due to the devastating financial impacts of the ongoing pandemic. Throughout the course of the pandemic, approximately 90 percent of federal student loan […]
read More