federal student loans

“It’s more of a convenient moral gymnastics to say that people who cheat the federal government should be given a lighter touch than people who borrowed from it,” said economist Kathryn Anne Edwards.

Discretionary spending may decline as people add those payments back into their budgets.

Proposals to reform the federal student loan system shed light on the relationship between student debt and economic inequality. UCLA’s Hannah Appel joins us to discuss.

Borrowers will not be asked to make payments until after Aug. 31, and interest rates are expected to remain at 0% during that period.

The Biden administration has extended the moratorium on payments and interest accrual into next year.

Seth Frotman, executive director of the Student Borrower Protection Center, says all student borrowers should be taking steps to protect themselves at this time.

For people pursuing student loan forgiveness, getting laid off means they’re no longer able to make qualifying payments for PSLF.

The Department of Education just extended temporary relief for borrowers with federally held student loans.

But with high unemployment and economic uncertainty will students want to take on loans?

Tips on less-terrifying ways to talk about the cost of college with kids.