By Carmen Reinicke, CNBC Millions of Americans got an early Christmas present this year – on Friday, the U.S. Department of Education extended the coronavirus pandemic-induced pause on student loan payments through January 2021. Accruing interest will also be on hold and the department will not resume collections on defaulted
Democratic presidential candidate, former Vice President Joe Biden speaks in Philadelphia, DC USA June 2, 2020. (Shutterstock) By Anya Kamenetz, NPR President-elect Joe Biden has affirmed his support for erasing some student debt “immediately.” Student debt forgiveness was a major campaign plank of some of his more progressive rivals for
By Adam S. Minsky, Esq., Forbes President Trump on Tuesday put the brakes on any further stimulus negotiations in a series of Tweets. “Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19,” the President
By Kery Murakami, Inside Higher Ed The pause on making student loan payments passed by Congress and extended through the end of the year has thus far helped improve the credit ratings of borrowers, according to a study released today by the Urban Institute’s Center on Education Data and Policy.
By now, we have all heard how immense the student debt crisis actually is. So, it should come as no surprise that student loans continue to wreak havoc on the lives of students who graduate with loan repayments. What is more, though, is that the loans carry on their effect
