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Student Loans

Economy 2021-04-08T14:18:28Z

Illinois could pay off up to $40,000 of your student loans to help you buy a house

Illinois' SmartBuy program pays off either $40,000 or a debt amount equal to 15% of the home's purchase price, and gives $5,000 toward a down payment.
Economy 2021-04-07T15:01:16Z

Biden's campaign made 2 promises on canceling student debt. He hasn't done either.

Biden campaigned on canceling $10,000 in student debt per person and all loans for those who went to public colleges or HBCUs. Neither has happened.
Personal Finance 2021-04-05T20:06:54Z

Baby boomers' student loan debt has doubled in the last 15 years, which could put retirement out of reach

In 2020, baby boomers held 22% of student loan debt, whether for their own education or their children's.
Personal Finance 2021-04-05T16:52:54Z

The best private student loans of 2021

The best private student loans for low interest rates and flexible repayment options are from online lenders Earnest, Ascent, SoFi, and College Ave.
Politics 2021-04-01T19:10:21Z

Biden is looking into his 'legal authority' to cancel student-loan debt, White House chief of staff Ron Klain told Politico

Biden wants to look into canceling student-loan debt up to $50,000, the White House chief of staff, Ron Klain, said in a Politico Playbook interview.
Economy 2021-03-24T18:40:33Z

FTC sends out nearly $50 million to former University of Phoenix students from 2019 settlement

The new FTC payments are part of a record $191 million settlement with the University of Phoenix from late 2019 over claims of deceptive marketing.
Personal Finance 2021-03-24T15:39:01Z

When I realized my $68,000 in student loans dictated my whole life, I knew I couldn't wait any longer to pay them off

She was in denial over her student loans until she realized they were keeping her from living life on her terms. It was finally time to make a change.
Personal Finance 2021-03-19T20:19:05Z

How to know if your student loans will be cancelled under new rules for defrauded borrowers

Under a new DOE rule, borrowers defrauded by for-profit colleges can have 100% of direct federal loans forgiven. See whose loans qualify.
Economy 2021-03-19T15:48:35Z

Biden's Education Secretary just canceled $1 billion of student-loan debt for about 72,000 defrauded borrowers

Miguel Cardona's first major act reverses a Trump-era policy, providing about $1 billion of cancelation for student loans related to fraud.
Personal Finance 2021-03-15T15:34:48Z

The new stimulus bill doesn't cancel student debt, but you still have a few more months before you have to pay

Student loan forgiveness wasn't included in the American Rescue Plan. But, there are still no payments due on loans until September 2021.
Personal Finance 2021-03-12T15:02:57Z

When the pandemic hit, the US government put federal loans into automatic forbearance — but it won't last forever

The CARES Act put federal student loans in forbearance a year ago at the start of the coronavirus pandemic, but payments resume on September 30, 2021.
Economy 2021-02-24T16:47:56Z

A quarter of Americans support forgiving all federal student-loan debt

President Joe Biden has thrown his support behind $10,000 in student loan forgiveness. But a quarter of Americans want it all forgiven.
Opinion 2021-02-20T13:03:00Z

I am a mother of two kids, and my student debt is crushing my family. Forgiving student loans will help us escape the cycle of poverty.

Forgiving $10,000 isn't enough. Biden needs to forgive all student loan debt so my kids can have a better future.
Personal Finance 2021-02-09T18:44:39Z

4 tax breaks every US college student should know about

Tax deductions and tax credits for college students can help offset the cost of school or repaying a student loan. Here's what's available.
Politics 2021-02-04T18:37:27Z

Biden supports canceling $10,000 in student loan debt, but Democrats are calling on him to forgive $50,000 through executive action

"We are not going to let up until we accomplish it," Senate Majority Leader Chuck Schumer said. "It would be a huge push into our economy."
Premium Finance 2021-02-03T12:00:00Z

A fintech aimed at streamlining how student loans are paid off just raised a $5 million seed round led by Bain Capital Ventures

A pair of Stanford grad students built student debt repayment as a benefit. Now, they're building the Plaid of student loans.
Premium Strategy 2021-02-01T16:27:17Z

The employee benefits companies like PwC are using to attract top Gen Z talent

Employee benefits like student loan repayment and mental health support are becoming nonnegotiable for the youngest generation of workers.
Personal Finance 2021-02-01T16:14:47Z

A couple who paid off $88,000 of student loans in 5 years explain the simple strategy they used to become debt-free

A couple combined the popular debt snowball and debt avalanche strategies to pay off their student loans quickly and with less interest.
Personal Finance 2021-01-25T16:57:37Z

Our financial advisor told us to save for retirement over our kids' college, and we listened for 4 good reasons

She was surprised when a financial advisor told her saving for retirement was more important than saving for college, but his argument made sense.
Personal Finance 2021-01-21T00:06:06Z

Federal student loan forbearance has been extended through September 30, with payments suspended and interest rates at 0%

Federal student loan forbearance will continue through September 30, with no payments required or interest accumulating.
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