Brad Polumbo recently posted an essay in the Washington Examiner titled “Is Harvard turning into a huge joke?” Polumbo focused on rampant grade inflation at the dowdy old school, where the average GPA for undergraduates is 3.8 out of 4.0. In other words,...
The Biden administration has rolled out multiple student loan forgiveness initiatives, all of which are in various stages of implementation. For borrowers who have applied or who otherwise qualify, there may be wildly different timelines for receiving the...
The Education Department is sending out mass notices to borrowers with an update and reminder that the student loan pause has been extended. Here are the details.
Here’s who will benefit from the student loan forgiveness relief.
Included in the bill are several provisions that may impact student loan borrowers and their families. Here are the details.
This is a key step in the process that may ultimately decide the fate of the unprecedented initiative to cancel student debt on a mass scale.
Sam Bankman-Fried, founder of FTX, a cryptocurrency exchange, was once worth billions of dollars. Today he is sitting in a Bahamian jail, abiding with rats and maggots. Worse–the prison doesn’t offer a vegan menu. Sam was to have testified before a...
The U.S. Supreme Court has released a more detailed timeline on how it intends to handle two lawsuits challenging President Biden’s student loan forgiveness program.
A federal consumer watchdog announced a resolution this week that will result in thousands of student loan borrowers receiving payments to compensate them for allegedly fraudulent debt relief practices.
Millions of borrowers received erroneous emails notifying them that the Education Department had approved them for student loan forgiveness. While some of these emails were legitimate, others were sent by mistake. Here’s what’s going on.
How is the working-class Depression of 2020 similar to the other 47 financial downturns in US history? Downturns are frequently precipitated by poor economic and cultural practices and preceded by lots of signals: over-speculation, overuse of resources, oversupplies...
The Supreme Court on Monday has agreed to review a second legal challenge to President Biden’s signature student loan forgiveness plan that has been halted by lower federal courts. Oral arguments will be heard in February.
Cazenovia College is closing at the end of the spring semester. According to Inside Higher Ed, the college missed a bond payment due to financial stresses exacerbated by inflation and the COVID pandemic. Cazenovia College is a liberal arts college located in the town...
The student loan pause will have exceeded three years by next summer. But perhaps the least-talked about benefit is actual student loan forgiveness for borrowers in some cases. And the longer the pause remains in effect, the more borrowers may ultimately get their...
“If they gave gold statuettes for tears and regrets,” Ronnie Milsap sang in a classic country song, “I’d be a legend in my time.” Most of us have a few regrets, but no one should regret their college choice. Yet a recent Federal Reserve ...
It’s been a crazy year for student loan borrowers, with many ups and downs surrounding student loan forgiveness and the ongoing pause on payments. But borrowers may want to buckle up. Next year may be even wilder.
While the legal battle over Biden’s one-time cancellation program has left millions of borrowers in limbo, several other federal student loan forgiveness programs remain in place or are being expanded. And these programs can provide significant relief.
With so many fast-moving developments impacting Biden’s student loan forgiveness initiatives, it can be hard for borrowers to keep track of updates. Here’s where things stand.
Are you in an income-based repayment program? Have you been repaying your federal student loans for more than ten years? Have you tried to work with your servicer on a more reasonable payment plan? -or- Are you in default on your federal student loans? And have you...
Forty million student debtors are waiting anxiously for President Biden’s loan forgiveness plan to kick in. Biden wants to knock off $10,000 from everyone’s student loans who makes less than $125,000 a year. That won’t mean much to people whose...
The Supreme Court on Thursday allowed a nationwide injunction blocking President Biden’s signature student loan forgiveness program to remain in place, while signalling that it will consider legal arguments regarding the program in a few months.
While President Biden’s one-time student loan forgiveness program remains blocked by federal courts, another program is just getting started. And some borrowers may receive loan forgiveness under that initiative very soon.
T.S. Eliot was wrong: December is the cruelest month, not April. We think of December as a time for rest after a toilsome and anxious year–a time to prepare for Christmas and reconnect with our loved ones. Yet, December can bring a lot of nasty...
I grew up in a small Oklahoma town before the era of the big box stores. If my family wanted to buy a small appliance, a birthday present, or a wedding gift, we went to the town’s family-owned gift shop. This little shop sold items that would make good gifts...
With President Biden’s signature student loan forgiveness program blocked by federal courts, millions of borrowers remain in stuck in limbo and are left wondering — how will this end? Here are some possibilities.
When I was a kid, my childhood friends and I often played Monopoly on those long summer days when time stood still in southwestern Oklahoma. Sometimes our games lasted for two or three days. If a kid went broke by landing on Park Place, the player with the biggest...
Here’s what borrowers need to know about the latest extension of the student loan pause.
A friend sent me a copy of the Magnificat journal’s Advent Companion, a selection of daily reflections for the Advent season. Advent begins on November 27, and I read the first entry, which reflects on Matthew 24 and Christ’s warning to be watchful. ...
Sports betting is legal in most states, and universities are getting in on the action. As the New York Times reported earlier this week, eight universities have already signed contracts with gaming companies. Last year, Louisiana State University’s athletic...
The Biden administration has announced that it is extending the ongoing student loan pause into 2023 in response to legal challenges over Biden’s student loan forgiveness program. Here’s what borrowers need to know.
The Biden administration has approved billions of dollars in student loan forgiveness under the Limited PSLF Waiver, according to new data, and more is on the way.
The Education Department is sending out notices to millions of borrowers that they have been approved for student loan forgiveness under President Biden’s one-time cancellation initiative. But no one is receiving any loan forgiveness for now while court orders...
On November 17, the U.S. Department of Education and the Department of Justice issued a 15-page document titled “Guidelines For Department Attorneys Regarding Student Loan Bankruptcy Litigation.” According to the memo, these guidelines aim “to...
The Department of Education just released a guidance document to the Department of Justice on what they feel should be done to allow people to discharge federal student loans, partially or entirely. While I applaud the efforts by the Department of Education, it seems...
The nation’s highest court may have the final say on whether Biden’s student loan forgiveness plan can move forward.
The Education Department is sending mass notices to borrowers who have been approved for group student loan forgiveness as a result of alleged school misconduct.
