How higher interest rates for federal loans could affect students
USA TODAY — College students who plan to take out federal loans to cover their 2023-24 academic year will see those rates edge higher on July 1. The Federal Reserve boosted short-term interest rates on May 3, the 10th time since the Fed began fighting inflation with rate hikes back in March 2022.
Read More about How higher interest rates for federal loans could affect studentsVideo: Bill proposed in Maine would offer student loan relief for law graduates taking on indigent legal cases
NEWS CENTER MAINE — Sen. Matt Pouliot, R-Kennebec, is proposing a student loan forgiveness bill to get more students taking indigent legal cases.
Read More about Video: Bill proposed in Maine would offer student loan relief for law graduates taking on indigent legal casesTwo thirds of student loan debt is owed by women
USA TODAY — Americans now hold $1.7 trillion in student loan debt. Nearly two-thirds of that money – at least $929 billion – is owed by women. As borrowers await the Supreme Court’s decision on a plan to provide mass student debt forgiveness, USA TODAY examined what’s behind the gender imbalances in the amount that borrowers take out and in their ability…
Read More about Two thirds of student loan debt is owed by womenVideo: New York credit counselors offer advice on student debt repayment
SPECTRUM NEWS — As the Biden administration’s student loan forgiveness program remains in limbo, debt counselors are offering advice for managing debt. Noelle Carter, president and CEO of Parachute Credit Counseling (formerly Consumer Credit Counseling), said for as long as loan payments remain in forbearance, wait it out. Pay down other debts in the meantime. “I think…
Read More about Video: New York credit counselors offer advice on student debt repaymentNew guidelines could make it easier to discharge student loans in bankruptcy
YAHOO!LIFE — While certain student loan borrowers can use the bankruptcy process to have their loans discharged, the process has been very cumbersome — but this might change thanks to new guidelines.
Read More about New guidelines could make it easier to discharge student loans in bankruptcyUS Supreme Court to hear case on proposed federal student loan forgiveness
USA TODAY — President Joe Biden said Wednesday that he’s “not confident” how the Supreme Court will rule on his plan to wipe away $400 billion in student loan debt. “I’m confident we’re on the right side of the law,” he told reporters as he was leaving the White House. “But I’m not confident about the outcome…
Read More about US Supreme Court to hear case on proposed federal student loan forgivenessABA praises federal public service loan forgiveness plans and urges extension of student loan payment pause
ABA JOURNAL — Credit for the Public Service Loan Forgiveness program will be extended to all with qualifying jobs and government school loans, regardless of whether they made late payments, paid in installments or in lump sums, the U.S. Department of Education announced Tuesday.
Read More about ABA praises federal public service loan forgiveness plans and urges extension of student loan payment pauseUS Supreme Court case challenging federal student loan relief may be determined on standing
INSIDE HIGHER ED — If the parties challenging the plan can’t clear the standing threshold, then the Supreme Court justices shouldn’t consider the other arguments that the debt-relief plan is illegal. But that might not stop the conservative justices from striking down loan forgiveness.
Read More about US Supreme Court case challenging federal student loan relief may be determined on standingHow the US Supreme Court may determine the future of student loan forgiveness
DIVERSE ISSUES IN HIGHER EDUCATION — Many experts believe that the Biden administration’s plan for student loan forgiveness, which offers $10,000 of debt relief to most borrowers and $20,000 to Pell Grant recipients, is dead in the water at the conservative-dominated Supreme Court. Diverse readers aren’t more optimistic, with nearly 2/3 predicting that the policy would be terminated in…
Read More about How the US Supreme Court may determine the future of student loan forgivenessA look at the overhaul of income-driven student loan repayment programs
INSIDE HIGHER ED — The Biden administration is moving forward on a sweeping plan to overhaul how student borrowers can repay their loans, though advocates want the Education Department to go further in its plan, while critics cite the price tag as an area of concern.
Read More about A look at the overhaul of income-driven student loan repayment programs