A gift left the Morehouse Class of '19 debt-free. Here's how it's changing their lives.

May 13, 2021
Billionaire investor Robert F. Smith paid off their student loans. Now they're trying to pay their good fortune forward.
Elijah Dormeus is “literally still in awe of the love that was given to the class, all 400 of us.” Above, Dormeus is surrounded by his family at his Morehouse graduation in 2019.
Courtesy Elijah Dormeus

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.
How much student loan debt might the Biden administration cancel? Marketplace senior economics contributor Chris Farrell says people are coalescing around the idea of $10,000.
Robyn Beck/AFP via Getty Images

Pandemic makes Public Service Loan Forgiveness more difficult

Dec 9, 2020
For people pursuing student loan forgiveness, getting laid off means they're no longer able to make qualifying payments for PSLF.
Nearly 25% of people with student loans working in nonprofits or public service have had a significant change in their work situation during the pandemic, according to a recent survey from TIAA.
BrianAJackson/iStock 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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No interest, no payments required on federal student loans until 2021

Aug 25, 2020
The Department of Education just extended temporary relief for borrowers with federally held student loans.
Rattankun Thongbun via iStock/Getty Images Plus

Some small colleges are closing their doors for good amid pandemic

Aug 20, 2020
By one estimate, about 200 private liberal-arts institutions are on the verge of going under.
Students on a North Carolina college campus. Smaller institutions are having a tougher time financially.
Melissa Sue Gerrits/Getty Images

What does Trump's order on student loans actually mean for borrowers?

Aug 13, 2020
The president over the weekend signed a memorandum extending the current payment pause and interest waiver for most federal student loans through the end of the year.
Nicholas Kamm/AFP via Getty Images

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Grad students will receive billions in debt forgiveness

Feb 13, 2020
The CBO released a report this week estimating that over the next decade, the federal government will forgive $207 billion in student loans.
A student walking on the University of California, Los Angeles, campus.
Kevork Djansezian/Getty Images

Kelly Peeler: Taking on the Goliath of student loans ... via text

Jan 10, 2020
"There's a market to be the David versus the Goliath that's already there ... I like being the David."
MoneyMentor founder, Kelly Peeler
Courtesy of Kelly Peeler

Giving the gift of less debt

Dec 17, 2019
Pillar lets friends and relatives make student loan payments as a holiday gift.
ROBYN BECK/AFP/Getty Images