Yesterday, President Biden announced an extension of the student loan payment pause. What does it mean for student loan forgiveness?
On Wednesday, President Biden extended the national pause on student loan payments, interest, and collections. Here’s what it means for borrowers.
I don’t care if you are a cool, young wokester with an AOC t-shirt and a biodegradable water bottle or a 90-year-old grandma who wears a MAGA hat and carries a Glock in her purse. Let’s all agree on one thing: America is sick of academic politics. Here...
President Biden may enact a last-minute extension to the ongoing federal student loan payment pause.
As the national student loan payment pause nears its expiration, with no signs that the Biden administration intends on extending it further, many student loan borrowers have been — and may continue to be — excluded from key relief programs.
In a case decided over 50 years ago, Columbia University sued Roy Jacobsen, a former student, to collect about $1,000 in unpaid tuition. Jacobsen countersued, demanding $7,000 in damages. He claimed Columbia had not taught him what it promised. Specifically, Jacobsen...
The Department of Education provided updated statistics on Friday for borrowers who have been granted student loan forgiveness under an expanded program for public service workers initiated by the Biden administration in October.
Porter Wagoner, singing about a chance encounter with an ex-girlfriend, quickly bade farewell. “I’ve enjoyed as much of this as I can stand,” he tells her. College students are singing the same song. The COVID pandemic has been with us for almost...
The Biden administration is considering even more changes to the Public Service Loan Forgiveness (PSLF) program, a student loan forgiveness program for public service workers. Which changes will become permanent?
If the new income based repayment plan is enacted, here’s what it might mean for student loan borrowers.
Paul Campos, a professor at the University of Colorado Law School, wrote an essay for The Chronicle of Higher Education on the astounding salaries paid to college football and basketball coaches, who are now making far more money than university presidents. Campos...
A group of Democratic senators is calling on President Biden to waive interest on federal student loans in response to the ongoing pandemic, even if the payment pause is allowed to expire.
For many student loan borrowers, repayment may look much different in 2022 than it did before the student loan payment pause went into effect. Here’s what you need to know.
New economic data released on Friday showing record levels of inflation is adding additional pressure on President Biden to extend the soon-to-expire national student loan payment pause.
Negotiators working with the U.S. Department of Education have reached an initial consensus on reforms to federal student loan interest capitalization. Here’s what it means for borrowers.
While certain borrowers could see some benefits under a new proposed income-based repayment plan for student loans, other borrowers could be completely excluded, and the draft proposal is complex. Here are the details.
Quite a few country songs are about guys who made a big mistake when they were young and went to prison. Merle Haggard tells a story about a man who “turned 21 in prison, doin’ life without parole.” George Jones eulogizes a wretch who spent eighteen years in the...
The student loan payment pause ends in 55 days, and some Democratic lawmakers and advocates are calling on Biden to extend the student loan pause in response to the new Omicron variant. But will he act?
The Biden administration took a big step this week towards making significant changes to a key federal student loan forgiveness program.
Advocacy groups representing student loan borrowers sent out a warning on Monday that student loan servicing companies may provide misleading information to borrowers on a new expansion of a key federal student loan forgiveness program.
Where do things stand with mass student loan forgiveness?
Brian Kelly hasn’t even started work yet as LSU’s new football coach, and people are already making fun of him for trying to speak with a southern accent. Even Jeff Foxworthy (“You might be a redneck”) got in on the fun. Hey, give the guy a...
It may soon get easier for some student loan borrowers to discharge their debt through bankruptcy. But many questions remain about how sweeping any reforms will ultimately be.
John Prine and Melba Montgomery recorded a great country song a few years ago: We Must Have Been Out of Our Minds.” The song tells the story of a couple who foolishly broke up because they both thought they loved someone else. Then they realized their mistake. ...
Biden’s most recent extension of the student loan payment pause is set to end very soon. Will more borrowers get student loan forgiveness?
The Biden administration has cancelled over $11 billion in student loans. But its targeted approach to student loan forgiveness has excluded many borrowers. Here’s a breakdown.
Jacob Sanders, a journalist with WalletHub, kindly asked me to share my advice on the various roles of college towns for an upcoming WalletHub article. Titled 2022’s Best College Towns and Cities in America, WalletHub posted the article yesterday, including my...
Last year, in response to the COVID pandemic, the Department of Education pressed the pause button on the federal student-loan program. In March 2020, DOE allowed 30 million student borrowers to stop making payments on their student loans with no penalty and no...
In 2020, Debra Jean Marchus filed an adversary proceeding in a North Dakota bankruptcy court, seeking to discharge about $38,000 in student-loan debt. After a trial, Bankruptcy Judge Shon Hastings wiped out the debt. As summarized in Judge Hastings’s decision,...
Is additional student loan forgiveness in the works? Yes — but specific details remain somewhat ambiguous.
Diane Ashline, a 47-year old single mother, worked for 20 years as a dental assistant. Hoping to increase her income, she took out student loans to get an undergraduate degree and a master’s degree from Kaplan University, a for-profit school. Unfortunately, these...
This week, the Department of Education released critical new guidance on a new, expanded student loan forgiveness program for public service workers.
As Junior Brown reminded us in Detour, a class Country song, we can avoid a lot of trouble if we heed the warning signs all around us. “Oh, these bitter things I find,” Brown sang. “Should have read that detour sign.” And this brings me to the...
According to a recent report by the Institute for College Access and Success (TICAS), the 2020 class of college graduates has amassed $136 billion in private student debt. When this amount is added to the total student debt from federal student loans–about...
Over 14 million borrowers will be impacted by major changes to the federal student loan servicing system. Here’s the latest on details and timing.
An LSU student, Kathryn Craddock, wrote a scathing critique of LSU’s book store–operated, of course, by Barnes & Noble. “The colors are bland, the lighting is nauseating, and the inventory is full of tacky, overpriced LSU-themed junk,”...
