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Interest can add a lot of debt to student loans. Here's how the Biden plan could help.

Sep 5, 2022
The government would cover unpaid interest for borrowers who are on income-based repayment plans and continue to make monthly payments.
Because of the high interest rates on student loans, the amount owed continues to grow for many borrowers in income-driven repayment plans.
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"Canceling student debt is the quickest way to narrow the racial wealth gap"

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

White House to extend student loan payment pause through August

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

Payments and interest on federal student loans set to resume after nearly 2 years

Dec 20, 2021
More than 40 million borrowers with federal student loans have had a respite through the pandemic. That ends Jan. 31.
Activists hold festive signs calling on President Joe Biden to cancel student debt.
Paul Morigi/Getty Images for We, The 45 Million

Nearly 9 million older Americans still have student loan debt

Jun 21, 2021
More people are going to college and graduate school. There's also been an increase in parents taking on loan debt for their kids.
And the total amount of debt they owe is growing faster than for any other age group.
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Inside one family's journey to find an affordable college

The long road to a merit scholarship included 30 applications and 90 admissions essays.
For Lara Mordenti Perrault's daughter, the long road to a merit scholarship included 30 applications and 90 admissions essays.
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How to pay less for college: Merit aid

If you don’t qualify for need-based financial aid, merit scholarships might be the answer.
Parents may want to impress outsiders by getting their child into a prestigious college. “But what other people don't understand,” says New York Times columnist Ron Lieber, “is whatever financial constraints you may be operating under."
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Momentum builds for Biden to cancel student loan debt

Marketplace senior economics contributor Chris Farrell thinks it's become a matter of when and how much debt will be canceled.
The administration proposed a student-loan repayment system based on earnings and family size in conjunction with its plan to cancel some student debt.
Robyn Beck/AFP via Getty Images

Would canceling $10,000 in student debt really help that much?

Nov 23, 2020
Comprehensive policy is crucial in solving the student debt crisis, experts say, but $10,000 of debt forgiveness could actually do a lot to help the people who need it most right now.
President-elect Joe Biden expressed support for student debt forgiveness up to $10,000 at a press conference on Nov. 16 in Wilmington, Delaware.
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