student debt

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.

This spring, there were 14.2 million undergraduates in the U.S., about 9% fewer than in spring 2019.

U.S. borrowers hold a collective $1.8 trillion in both public and private student loans.

At issue is if the president has the authority to cancel up to $20,000 in federal student debt for some 43 million borrowers.

People who borrowed less than $12,000 for undergrad schooling could have debt forgiven after making regular payments for a decade.