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Student debt

Student loan borrowers are in limbo while legal challenges wend through courts

by Samantha Fields
Sep 5, 2024
An appeals court has temporarily blocked a Biden plan that would reduce monthly payments for many to just 5% of their income.
The Biden administration rolled out the SAVE plan last year. The loans of 8 million borrowers were paused when an appeals court suspended the program in July.
Andrew Caballero-Reynolds/AFP via Getty Images
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Biden administration tries again to relieve student debt

by Savannah Peters
Aug 1, 2024
It's trying a different route to loan forgiveness, but it is unclear how successful the plan will be.
President Joe Biden's administration is eyeing statutory rules changes to waive accrued interest in its latest attempt at debt relief. Above, Biden in April.
Andrew Caballero-Reynolds/AFP via Getty Images
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New study indicates finances are putting some adults off having children

by Samantha Fields
Jul 29, 2024
The survey from the Pew Research Center says child care costs and student debt are among the factors dissuading potential parents.
Sean Gallup/Getty Images
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Have student loans? Want forgiveness? An important deadline is coming up.

by Samantha Fields
Apr 26, 2024
Certain federal loan holders must consolidate by April 30 to qualify through Income-Driven Repayment and Public Service Loan Forgiveness.
The Education Department is reviewing more than 40 million federal student loan accounts and granting credit for years of past payments that previously didn’t count toward forgiveness.
J. David Ake/Getty Images
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Biden cancels $5.8 billion in student debt for public service workers

by Stephanie Hughes
Mar 22, 2024
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.
Under the Public Service Loan Forgiveness program, eligible borrowers like teachers make student debt payments for a certain number of years and the rest should be forgiven. That hasn't always happened though.
Daniel Leal/AFP via Getty Images
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COVID-19

After high school years interrupted by COVID, students calculate the cost of college differently

by Stephanie Hughes
May 25, 2023
This spring, there were 14.2 million undergraduates in the U.S., about 9% fewer than in spring 2019.
This spring, there were 9% fewer undergraduate students in the U.S. than there were in spring 2019.
Brandon Bell/Getty Images
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Economic Pulse

Who would benefit the most from student debt relief?

by David Brancaccio and Jarrett Dang
May 24, 2022
Student debt cancellation would be an essential move toward affordable higher education, says Felicia Wong, president and CEO of the Roosevelt Institute.
Activists hold festive signs calling on President Joe Biden to cancel student debt.
Paul Morigi/Getty Images for We, The 45 Million
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"Canceling student debt is the quickest way to narrow the racial wealth gap"

by Amy Scott and Richard Cunningham
Apr 20, 2022
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 owe more than $1.7 trillion in student loans, and those debts can delay major financial decisions.
Leigh Vogel/Getty Images for MoveOn & Debt Collective
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White House to extend student loan payment pause through August

by Associated Press
Apr 5, 2022
Borrowers will not be asked to make payments until after Aug. 31, and interest rates are expected to remain at 0% during that period.
Robyn Beck/AFP via Getty Images
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What might the extended pause on federal student loan repayment mean for borrowers?

by Samantha Fields
Dec 23, 2021
The Biden administration says there are more than 40 million people with outstanding student loan debt.
The Supreme Court struck down President Joe Biden's loan forgiveness plan, but the Biden administration has announced some remedies that will provide some borrowers with relief.
zimmytws via Getty Images
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