The academic job market is terrible right now–especially for people with newly minted PhDs in the humanities or social sciences. A person who graduates with a doctorate in those fields might be tempted to take the first job offer rather than wait for an offer...
President Biden will have somewhat imperfect options to consider if the Supreme Court strikes down his student loan forgiveness plan.
The legal battle over President Biden’s sweeping student loan forgiveness plan is coming to a head next week, as the Supreme Court prepares to hear oral arguments to determine the fate of the initiative. Here’s what borrowers should know.
The saga of President Biden’s signature one-time student loan forgiveness initiative is about to enter the next phase, as the Supreme Court prepares to hear oral arguments next week to decide the fate of the program.
General Motors found a cash cow when it created GMAC, its lucrative auto financing arm. People said that GM evolved from being a car maker with a finance company to a financial institution that also made automobiles. We might say something similar about the...
Before the French signed an armistice with Germany in 1940, France and England were allies against Hitler. One of their first major joint ventures was a plan to invade Norway and deprive Germany of the iron ore that the Nazis needed to wage war. British, French,...
Republican senators have filed a bill designed to end President Biden’s recent extension of the student loan pause, and prevent his administration from enacting mass student loan forgiveness.
There are some potentially major changes on the horizon that will impact how student loan interest works, and these reforms may benefit many borrowers. Here are the details.
The Baton Rouge Advocate published an editorial a few days ago titled “Get ahead in colleges like LSU, without all the hard work.” The editorial quoted Benjamin Haines, a graduate student at Louisiana State University, who has discovered that many LSU...
The Justice Department has updated a key application form under a new process that may make it much easier for many borrowers to discharge their federal student loans in bankruptcy.
House Republicans are calling for an end to President Biden’s sweeping student debt relief initiatives, specifically widespread student loan forgiveness and the ongoing student loan pause.
The Education Department published new guidance on applying for Borrower Defense to Repayment, a student loan forgiveness program that can provide relief to borrowers who were misled by their school.
Student loan borrowers have only a few more days to submit formal comments on President Biden’s overhaul of income-driven repayment. The administration’s proposed changes would lower monthly payments for millions of borrowers, and accelerate student loan forgiveness...
Republicans in Congress and former Trump administration officials are taking steps to oppose President Biden’s sweeping student debt relief initiatives.
Education Secretary Miguel Cardona says people with college degrees earn one million dollars more over their lifetimes than people who only get a high school diploma. You’re nuts, then, if you don’t go to college. Unfortunately, Secretary Cardona’s...
Student loan forgiveness continues to evolve as a combination of legal and policy changes impact debt relief eligibility and timelines under several Biden administration programs. Here are three important updates that borrowers should be aware of.
Several student loan debt relief programs, including the ongoing student loan payment pause and Biden’s one-time student loan forgiveness program, have been directly linked to the ongoing national pandemic emergency. But now it’s set to end.
The Biden administration released detailed new data this week breaking down who has been approved for student loan forgiveness under the President’s one-time debt relief plan. But relief remains on hold.
The Education Department must temporarily delay the implementation of broad student loan forgiveness under an approved settlement as a court considers a request by several individual schools to pause the relief while they appeal.
A key lawsuit challenging President Biden’s one-time student loan forgiveness program was dismissed this week in Arizona. But the legal battle over Biden’s signature initiative continues, as the Supreme Court prepares to consider two other challenges in just a matter...
As tax season rapidly approaches, the tax landscape for student loan forgiveness is as confusing as ever. Here’s what borrowers need to know.
Under several initiatives by the Biden administration, deferment and forbearance periods may count towards student loan forgiveness. But it’s a bit complicated. Here’s an overview.
As Education Secretary Miguel Cardona observed recently, college graduates, on average, make about one million dollars more over their working careers than people who only have high school credentials. I’m sure that’s true, but that fact doesn’t...
Like a repentant boozer who promises to give up drinking, the Department of Education pledged to modernize its neanderthal student loan program. Unfortunately, like a chronic drunk, DOE simply can’t clean up its act. DOE’s own Inspector General audited the...
Three schools have taken steps to appeal a settlement agreement that, if implemented, would result in an estimated $6 billion in student loan forgiveness for over 200,000 borrowers. Here’s what borrowers should know.
Borrowers are contending with delayed student loan forgiveness on a number of fronts as the Biden administration works to simultaneously implement multiple student loan debt relief initiatives. The problems may only get worse in the coming months.
The Education Department has quietly updated the anticipated timeline for borrowers seeking student loan forgiveness under a one-time account adjustment. And it’s not the first time.
According to Techopedia, the term “whack-a-mole” describes a process “where a pervasive problem keeps recurring after it is supposedly fixed.” That’s a great description of what the Department of Education is doing with the federal student-loan...
Biden’s overhaul of income-driven repayment will reduce payments and accelerate student loan forgiveness for many borrowers. But some people will see comparatively greater impacts than others. Here’s a breakdown.
The plan will lower payments for millions of borrowers and will speed up student loan forgiveness for many, as well. But the benefits will be uneven. Here are the details.
by Steve Rhode Can we be honest for a minute? The entire issue of forgiving student loans with a one-time approach is stupid. It does not address the systemic breakdown of the cost of higher education or the realities of the BS schools selling students into debt for...
In response to the COVID pandemic, the Department of Education stopped garnishing the Social Security checks of elderly student-loan defaulters in March 2020. However, DOE will return to that practice soon–probably by midsummer 2023. In an article posted on...
Last August, President Biden announced his plan to forgive between $10,000 and $20,000 in student debt to individuals who make less than $125,000 a year. He also extended the pause on making student loan payments until at least midsummer. Who could object? Turns out,...
The Biden administration has filed a formal legal brief with the Supreme Court, defending the President’s signature one-time student loan forgiveness plan in advance of oral arguments set for next month.
The Education Department has updated formal guidance that appears to expand eligibility for a key, one-time federal student loan forgiveness and relief initiative.
Millions of student loan borrowers could receive significant student loan forgiveness during 2023. Here’s what to expect.
