White House outlines changes to the Public Service Loan Forgiveness Program
ABA JOURNAL — President Joe Biden announced Wednesday that his administration will cancel up to $10,000 in federal student loan debt and up to $20,000 in student debt for Pell Grant recipients.
Read More about White House outlines changes to the Public Service Loan Forgiveness ProgramHow college graduates benefit from federal student loan forgiveness
VOX — President Joe Biden announced his administration’s long-awaited student loan forgiveness plan Wednesday, saying it will forgive $10,000 in student loans for borrowers who earned less than $125,000 during the pandemic. People who received Pell Grants, grants to low-income students, while they were enrolled in college will be eligible to have $20,000 in debt…
Read More about How college graduates benefit from federal student loan forgivenessGraduate school loans are eligible for forgiveness under new debt relief program
FIRST COAST NEWS — About half of all teachers have student loan debt, according to the National Education Association. A teacher who retired in May reached out to First Coast News for help. Even in retirement, Riva Newton is paying back student loans, but her loans may be eligible for forgiveness.
Read More about Graduate school loans are eligible for forgiveness under new debt relief programLooking at the long-term effects of student loan debt
ABA JOURNAL — Some older Americans who took out relatively modest student loans are finding themselves saddled with ballooning loan balances that can result in garnishment of tax refunds, wages and Social Security payments.
Read More about Looking at the long-term effects of student loan debtLaw graduates react to federal student loan forgiveness plan
REUTERS — Forgiving $10,000 or $20,000 of federal student loan debt may not be a game-changer for most debt-strapped lawyers, but experts say other provisions in the White House’s new debt-relief plan could save attorney borrowers far more over time.
Read More about Law graduates react to federal student loan forgiveness planSome graduates of for-profit law school could have debt forgiven as part of federal loan settlement
THE FLORIDA TIMES UNION — Former Florida Coastal School of Law students have been hurrying to request forgiveness of sometimes staggering student loan debts ahead of a court order that could cancel $6 billion in obligations haunting people who attended for-profit schools nationwide.
Read More about Some graduates of for-profit law school could have debt forgiven as part of federal loan settlementUC Irvine Law expands loan repayment assistance program
UCI LAW — The University of California, Irvine School of Law is pleased to announce thatstarting January 2023, a greater number of alumni will be eligible to receive financial assistance as the law school enhances its Loan Repayment Assistance Program (LRAP).
Read More about UC Irvine Law expands loan repayment assistance programHow student debt affects borrowers as they age
THE NEW YORKER — Americans aged sixty-two and older are the fastest-growing demographic of student borrowers. Of the forty-five million Americans who hold student debt, one in five are over fifty years old. Between 2004 and 2018, student-loan balances for borrowers over fifty increased by five hundred and twelve per cent.
Read More about How student debt affects borrowers as they ageBiden administration to limit interest capitalization on student loans
CNN — The Biden administration has a plan to slow interest from adding to borrowers’ federal student loan debt balances.
Read More about Biden administration to limit interest capitalization on student loansOpinion: How the government can address student loan debt
THE HILL — There is much we don’t yet know about President Biden’s anticipated plan for student loan forgiveness. One thing is certain though: while this will benefit millions of borrowers, it will not fix our broken student loan system. We need to help people who are struggling with student debt, but providing limited forgiveness today will…
Read More about Opinion: How the government can address student loan debt