student loan

The student loan policies of the Trump administration, backed by Congressional Republicans, could pose a significant risk to the U.S. economy, potentially overshadowing concerns about Trump’s tariff policies, according to an expert. What Happened: The student loan debt in the U.S. stands at...

Sen. Elizabeth Warren (D-Mass.) warned Tuesday that millions of borrowers face "a financial scarlet letter" as the Trump administration ends a five-year pause and restarts collections on defaulted federal student loans. What Happened: The policy, announced May 5, allows the Education Department to...

The U.S. Department of Education has put a halt to its plans of reducing Social Security benefits for individuals who have been unable to pay their student loans, as per a department spokesperson. What Happened: The U.S. Department of Education has put a hold on its plan to...

Retirees who have defaulted on their student loans may see a reduction in their Social Security checks from June. This is a result of the U.S. Department of Education’s decision to recommence involuntary collections on defaulted student loans, including garnishing wages, intercepting tax...

House Republicans unveiled legislation on Monday aimed at overhauling the federal student loan system, promising over $330 billion in savings while supporting President Donald Trump‘s tax cut extension agenda. What Happened: Education and Workforce Committee Chairman Tim Walberg (R-MI)...

President Joe Biden has unveiled a new initiative to forgive $4.5 billion in student loans for over 60,000 borrowers through the Public Service Loan Forgiveness (PSLF) program. This move significantly increases the total number of public service workers benefiting from loan forgiveness under the...

“Shark Tank” investor Kevin O’Leary has expressed strong disapproval of President Joe Biden‘s recent student debt cancellation initiative, calling it “completely unfair.” What Happened: O’Leary voiced his sentiments on Wednesday during a segment on...

The Biden administration has announced the forgiveness of $1.2 billion in student loans, relieving more than 150,000 borrowers. What Happened: The forgiveness is part of a program introduced by President Joe Biden‘s administration in January, aimed at easing the burden on Americans who have...

The suspension of federal student loan payments, which began in March 2020 due to the COVID-19 pandemic, is set to conclude in October. However, an intriguing development emerged on the financial horizon. According to Goldman Sachs analyst Alec Phillips, remittances to the Department of Education...

Peter Brandt, a prominent trader and author, on Wednesday, proposed a radical idea for student debt forgiveness, suggesting that colleges and universities should bear a significant portion of the burden. What Happened: Brandt, in a tweet, argued that institutions of higher education should be...

Shortly after the Supreme Court invalidated President Joe Biden's student debt relief plan on Friday, the New York Times published an article suggesting six alternative paths individuals could pursue to obtain a cancellation of their student loan obligations...

A new financial disclosure form reveals that Florida Governor Ron DeSantis made $1.25 million from his book deal.  According to the disclosure, DeSantis experienced a notable surge in his net worth, which soared to $1.17 million by the conclusion of 2022. This represents a...

The U.S. student loan market stands at a crucial juncture, where the prevailing post-COVID-19 calmness could either solidify as the new norm or be hit by a storm that could disrupt this debt category. Millions of American students are anxiously awaiting the upcoming ruling by the Supreme Court on...

When announcing his proposal to forgive federal student loans, President Joe Biden said the intention was to help minimize the racial wealth disparity in the U.S.  However, one important detail regarding a crucial component of the plan wasn't mentioned at the time: loan forgiveness...

A portion of student loan debt for millions of Americans is expected to be forgiven via executive action from President Joe Biden Wednesday. A U.S. senator is speaking out in support of Biden’s announcement and taking on a public company that is a large player in the student loan...