student loans

The Biden administration’s plan to forgive $430 billion in student loan debt, which would have allowed eligible borrowers to cancel up to $20,000 in debt, was blocked by the Supreme Court in a monumental 6-3 decision Friday. About 43 million people were eligible to benefit from the program....

SoFi Technologies, Inc (NASDAQ: SOFI) was trading lower Friday afternoon after suffering a high amount of volatility earlier in the trading session, which was triggered when the Supreme Court blocked President Joe Biden’s plan to cancel student debt. The move lower came despite SoFi, which...

The Supreme Court ruled Friday that President Joe Biden’s plan to wipe out up to $10,000 of student debt for eligible Americans is unconstitutional. Biden is expected to announce new actions regarding student loans sometime Friday, according to CNN.  The court ruled the federal...

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...

Millions of Americans are waiting breathlessly for June when the Supreme Court of the United States will hand down its decision on whether or not the Biden administration has the legal right to implement the student loan forgiveness program. Nearly half of the 43 million Americans with student loan...

American college students and investors exposed to student loan stocks will be watching the beginning of a new Supreme Court case involving President Joe Biden's student debt relief plan this week. The Biden Plan: Biden announced his plan last August to cancel $10,000 in federal student loan...

SoFi Technologies Inc.'s (NASDAQ: SOFI) shares jumped almost 10% on Wednesday after CEO Anthony Noto registered an insider purchase of $5 million in 1.1 million company shares. The personal finance and online bank had been experiencing headwinds as the Biden administration once again...

Investors are are on the hunt for undervalued, underfollowed and emerging stocks to spot opportunity. The rise of social media and the retail trader gave way to countless methods to uncover new information. For some, this is overwhelming. Benzinga's Moneymaker Index uses a combination of...

The Biden administration has once again extended the payment pause on federal student loans, and one analyst said Friday the extension is bad news for SoFi Technologies Inc (NASDAQ: SOFI). The SoFi Analyst: Bank of America analyst Mihir Bhatia reiterated a Buy rating on SoFi and cut the price...

SLM Corp (NASDAQ: SLM) reports third-quarter earnings after the closing bell on Wednesday afternoon. Investors will be watching closely for key numbers as well as any commentary on the potential financial impact of President Joe Biden's student loan forgiveness program. The Numbers:...

A federal appeals court has halted the rollout of President Joe Biden's student loan forgiveness program Friday just days after the government began accepting applications from borrowers to forgive as much as $20,000 in student loan debt.  The 8th U.S. Circuit Court of...

A plan from President Joe Biden to cut student loan debt has divided the country with some feeling happy and others mad. Among those speaking out against the plan are members of Congress, who feel Biden is being unfair. The official Twitter Inc (NYSE: TWTR) account of The White House clapped...

Student loan forgiveness has become a reality for the roughly 48 million Americans currently in debt. President Joe Biden said in a speech on Wednesday the student loan payment moratorium would be continued for one final time through Dec. 31. Americans who have loans owned by the...

On Wednesday, President Joe Biden announced initiatives to extend the loan payment freeze until the end of the year and to cancel a part of federal student debt for eligible borrowers. According to a statement from the White House, the Department of Education will forgive up to $10,000 in federal...

Lending stocks are getting a boost Thursday after President Joe Biden on Wednesday outlined plans to forgive a portion of federal student debt for qualified borrowers and announced the freeze on repayment will be extended one final time to the end of the...