student loans

SoFi Technologies Inc (NASDAQ: SOFI) reported better-than-expected financial results on Monday. Following the company's quarterly results, CEO Anthony Noto highlighted strength across the company's business and cleared up a "misperception" about student loan growth....

President Joe Biden's administration has flagged $127 billion of federal student loans for potential cancellation. What Happened: This decision comes despite a Supreme Court ruling earlier this year that limited the scope of such relief. The Supreme Court, in its June verdict, stated that...

The Federal Reserve Bank of New York has concluded that the resumption of federal student loan payments will have a minimal effect on the U.S. economy. What Happened: The New York Federal Reserve has indicated that the return of federal student loan payments will not significantly impact the U.S....

After over three years of a pandemic-induced pause, federal student loan borrowers are bracing for the resumption of their monthly payments starting in October, potentially resulting in new spending patterns and financial stress for nearly 44 million Americans. According to Jefferies, retailers...

Despite enjoying a recession-free period longer than most anticipated, recent findings from a survey conducted by Bloomberg reveal that the U.S. consumer’s resilience might soon wane. Over half of the 526 participants of Bloomberg’s Markets Live Pulse Survey anticipate U.S. personal...

Bank of America Securities analyst Mihir Bhatia issued a note Wednesday concerning the uptrend in student loan repayments and the beneficiaries of student loan payments. What Happened: Bhatia noticed that by the end of August, student loan repayments started picking up momentum, and it could...

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...

Student loan relief is over. Thanks to the Supreme Court’s decision to stop President Biden’s student loan forgiveness plan, student loan debt is back to haunt the collective. Those who will feel it the most? The women who make up ⅔ of America’s $1.54 trillion in student loan debt...

The age-old debate surrounding the worth of a college degree, especially with the soaring costs of tuition, continues to be a contentious one. With student loan debt outstripping inflation rates over the past few decades, the question is — does the reward outweigh the risk? A study issued this...

A hefty sum of over $9 million will be given back to student-loan borrowers scammed by Ameritech Financial, as declared by the Federal Trade Commission (FTC) and Department of Justice (DOJ), Business Insider reported. Ameritech Financial, run by Brandon Frere, was...

SoFi Technologies Inc (NASDAQ: SOFI) shares are surging Monday after the company reported better-than-expected quarterly results and boosted its guidance. Following the print, CEO Anthony Noto highlighted the company's operating leverage, which is helping to broaden its...

The Biden administration is launching a beta website for its new income-driven student loan repayment plan, the Saving on a Valuable Education (SAVE) plan, CNN reports. Plan Details: The SAVE plan, finalized after the Supreme Court struck down President Joe Biden's student debt forgiveness...

President Joe Biden on Tuesday announced the forgiveness of $130 million in student debt for 7,400 borrowers who attended the now-defunct CollegeAmerica, a for-profit college in Colorado. What Happened: The debt relief, which will be automatically applied to students who were...

President Joe Biden’s administration will wipe out $39 billion of student debt for more than 800,000 Americans, despite the Supreme Court’s recent decision to strike down the administration's widespread student debt relief plans. The administration will work around the court...

On Monday, a new student loan repayment plan proposed by President Joe Biden came under scrutiny due to the potential for accruing interest, which could add thousands of dollars to the debt of millions of Americans. What Happened: As part of Biden’s backup relief proposal, the administration...