In a significant legal development, the Supreme Court temporarily halted President Biden’s latest effort to forgive tens, and possibly hundreds, of billions of dollars in student debt. This move has sparked widespread debate, as it follows the Court’s rejection of a more extensive plan last year that aimed to
Student Loan Borrowers are Reminded to Only Use Trusted Government Websites and Not Respond to Unsolicited Offers of Student Loan Relief or Assistance Secretary Rodriguez: “To protect yourself from falling victim to a scam, I urge all New Yorkers to read our tips, stay up-to-date with trusted information and remain
Teens applying to colleges easily assume that student loans are a great way to pay for the expenses involved. They simply don’t see how terrible the risks involved are. These loans are very hard to repay. The US has 7 million student loan defaulters. If they were to form a
By Tyler Pager, Danielle Douglas-Gabriel and Jeff Stein, Washington Post White House officials are currently planning to cancel $10,000 in student debt per borrower, after months of internal deliberations over how to structure loan forgiveness for tens of millions of Americans, three people with knowledge of the matter said. President
By Aarthi Swaminathan, Yahoo Finance President Joe Biden recently said that he’s considering some level of broad-based student loan forgiveness in the coming weeks, and one Democrat who has repeatedly pushed for cancellation says that’s major progress. “All we know is that the President has expressed an openness to to
By Aarthi Swaminathan, Yahoo Finance The Biden administration will enact another extension of the pandemic payment pause related to federally-backed student loans through the end of August, according to multiple reports. The extension was first reported by Politico, and a U.S. official confirmed the plans to the Associated Press. The
New York City, NY USA February 28, 2022. Mayor Adams rings the opening bell at the New York Stock Exchange on the last day of Black History Month. (Shutterstock) NEW YORK – New York City Mayor Eric Adams today announced an agreement with Berkeley College that will deliver $20 million in debt relief
By Thomas Korankye, The Conversation When people take out student loans for themselves, certain risks are involved. The debt can negatively affect a person’s mental, emotional and even physical well-being. It can also harm a person’s financial well-being. But when taking out a student loan for one’s child, the risk
By Alix Langone, CNET Amid the economic turbulence of the pandemic, the US government pushed pause on student debt repayment for more than 40 million Americans in March 2020. For most people, that temporary relief is scheduled to end on Jan. 31, 2022. But the US Department of Education is
By Leslie A. Pappas, Bloomberg Law A recent Second Circuit decision is adding fuel to a growing momentum in the courts to allow borrowers to eliminate certain types of private lender-issued student loans in bankruptcy. The U.S. Court of Appeals for the Second Circuit, siding with a student debtor, July
