Student Loans
- www.nbcnews.com Supreme Court refuses to revive Biden's latest student loan debt relief plan
Republican-led states challenged the plan aimed at reducing the burden on borrowers, including a provision that would reduce their monthly payments.
- www.cnbc.com Student loan payment 'on-ramp' ends Sept. 30—missed payments afterward can have serious consequences
Time is running out for borrowers to miss student loan payments without some of the biggest consequences.
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U.S. Department of Education Announces Withholding of Payment to Student Loan Servicer as Part of Accountability Measures for Harmed Borrowers
Recently, the Department found that MOHELA failed to meet its basic obligation by failing to send billing statements on time to 2.5 million borrowers – some within only seven days of their payment date - and over 800,000 borrowers being delinquent on their loans as a result. In response to identifying this error, the Department is withholding $7.2 million in payment to MOHELA for October, and has directed MOHELA to place all affected borrowers in forbearance until the issue is resolved. Any months these borrowers are in forbearance will count as credit towards loan forgiveness through Public Service Loan Forgiveness and Income Driven Repayment plans.
- www.kristv.com Student loan borrowers aren't happy with the decision to cancel student loan forgiveness
Recently, the Supreme Court made the decision to block President Biden's plan to forgive some people's student loan debt.
Such a terrible piece.
Making a generalized statement and interviewing one college student who recently graduated.
While I wouldn't dismiss new grads in these discussions, as the inflated cost of tuition impacts them, it's the existing loan holders that have been making an effort to pay down debt and end up with a balance 2x+ higher due to interest that we need to address.
Distracting people with free money and more payment options is a ruse. If I have a lower payment, over time, it just allows the balance to grow even more.
- thehill.com Student debt: White House faces backlash for restarting interest on loans
The White House is facing backlash about its decision to reactivate interest for student loans as part of its “on-ramp” repayment program, which progressives and advocates argue isn’t enough to hel…
Such a mess, and overly politicized.
The biggest issue I have is how the interest rates have made it incredibly difficult for people just beginning their careers to get ahead of the growth curve that a low paying job and high interest debt creates.
How did we even get here? Talking with my Dad and my wife, we've seen such a massive spike in both tuition and interest over the last 20 years.
Debt should be paid, and loans should have interest, but, they should be reasonable. This is a profit machine that preys on the young, uneducated, and inexperienced.