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There are still options for borrowers, despite the defeat of Biden’s cancellation plan. The new SAVE repayment plan is one of them.
Much attention is paid to younger borrowers, and rightfully so. But some 3.5 million Americans 60 and older hold substantial debt.
The proposal bucks the party’s usual laissez-faire approach.
Student loan payments will resume this fall, but a new study from TransUnion shows that many people have taken on new debt in the meantime.
Some of those who owe the least could be among the most affected.
Harvard University alone has a $51 billion endowment.
People who borrowed less than $12,000 for undergrad schooling could have debt forgiven after making regular payments for a decade.
In the past, not even one student borrower in 100 who declared bankruptcy had student loans discharged.
We help you figure out whether you’re eligible and answer questions about the plan.
The government would cover unpaid interest for borrowers who are on income-based repayment plans and continue to make monthly payments.
