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Student loans

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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What will a $10,000 gift mean for students at Meharry Medical College?

by Blake Farmer
Dec 22, 2021
Students can use the money any way they want, but it could help them reduce debt, and pay for living costs.
Meharry master's student Andreas Nelson said being given $10,000 means the school trusts students to use the money in ways useful to them. Nelson hopes to attend dental school, which leaves the average Meharry student with $280,000 in loans.
Blake Farmer/WPLN News
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Payments and interest on federal student loans set to resume after nearly 2 years

by Samantha Fields
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
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EU student exodus may not hurt British universities after all

by Stephen Beard
Aug 11, 2021
Fewer EU students in the U.K. may bring some financial benefits to British universities but it raises some political concerns, too.
EU applicants to U.K. schools have dropped dramatically following Brexit and a steep rise in tuition fees. Above, a student walks on the University of Glasgow campus in Scotland in September 2020.
Andy Buchanan/AFP via Getty Images
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One of the nation's biggest student loan servicers is pulling out. Where does that leave borrowers?

by Andy Uhler
Jul 12, 2021
Seth Frotman, executive director of the Student Borrower Protection Center, says all student borrowers should be taking steps to protect themselves at this time.
Graduating students arrive for the Columbia University 2016 commencement ceremony in New York.
Timothy A. Clary/AFP via Getty Images
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A gift left the Morehouse Class of '19 debt-free. Here's how it's changing their lives.

by Samantha Fields
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
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Momentum builds for Biden to cancel student loan debt

by Sabri Ben-Achour , Chris Farrell and Meredith Garretson
Dec 14, 2020
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
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COVID & Unemployment

Pandemic makes Public Service Loan Forgiveness more difficult

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

by Katherine Wiles
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.
Joe Raedle/Getty Images
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COVID-19

No interest, no payments required on federal student loans until 2021

by Samantha Fields
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
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