With missed student loan payments now affecting credit scores, borrowers face tough choices.
An appeals court has temporarily blocked a Biden plan that would reduce monthly payments for many to just 5% of their income.
It’s trying a different route to loan forgiveness, but it is unclear how successful the plan will be.
The survey from the Pew Research Center says child care costs and student debt are among the factors dissuading potential parents.
Certain federal loan holders must consolidate by April 30 to qualify through Income-Driven Repayment and Public Service Loan Forgiveness.
The federal government is trying to make sure eligible borrowers are able to get credit for payments made under the Public Service Loan Forgiveness program.
According to PitchBook, there’s been nearly $1.2 billion invested in student loan management startups in the past year.
It’s part of a one-time fix by the Biden administration to the income-driven repayment program for federal student loans.
The proposal bucks the party’s usual laissez-faire approach.
It’s still a relatively rare benefit: About 8% of employers in the country offer help with student loan debt.
