In the nineteenth and early twentieth centuries, cotton production was a staple of America’s Southern economy. Even today, the United States is one of the world’s largest exporters of cotton. But cotton has some problems. Grown year after year, cotton...
The Biden administration is in the process of cancelling $2 billion in student loans for 30,000 borrowers. But billions more could be coming.
FedLoan Servicing, one of the Department of Education’s major federal student loan servicers, will be staying on for another year. Here’s what it means for borrowers and for Public Service Loan Forgiveness (PSLF).
Borrowers are finally starting to get their student loans cancelled under a new expanded student loan forgiveness program recently announced by the Biden administration.
I recently stopped off at my local natural food store to pick up a box of my favorite organic breakfast cereal. The stuff tastes like maple-flavored cardboard, which I prefer to strawberry-flavored cardboard. This cereal is expensive, and when I picked up the box, I...
When I was a child, my parents were poor. That was OK because almost everyone in my little Oklahoma town was poor, and we all told each other that we were in the middle class. By the time I graduated high school, my parents had clawed their way into the actual middle...
Last month, the Biden administration announced sweeping new changes to Public Service Loan Forgiveness (PSLF), a federal student loan forgiveness program. But so far, the rollout has not been smooth.
The Biden administration has quietly announced a new repayment plan for student loan borrowers based on their income. But key details must still be hammered out. Here’s what we know.
If you are thinking about going to law school, you should read a recent report titled “Student Debt: The Holistic Impact on Today’s Young Lawyers.” According to the ABA’s Young Lawyers Division, 90 percent of young lawyers who responded to an...
New details about the Biden administration’s exploration of widespread student loan forgiveness emerged this week. Here’s what it means for borrowers hoping to get their student debt cancelled.
More than one hundred public interest groups sent a letter to President Biden this week urging him to cancel all student debt. How much are we talking about? Close to $2 trillion. I will say upfront that I support wholesale student-loan forgiveness. As numerous...
Biden’s student loan forgiveness initiatives are expected to provide over $11.5 billion in relief. While some loan forgiveness will be automatic, certain borrowers may need to take action, and there might even be deadlines. Here’s a breakdown.
Where do things stand with mass student loan forgiveness?
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.
Here’s what student loan borrowers need to know about repayment, auto-debit, loan servicing changes, and student loan forgiveness.
A few days ago, LSU announced it is getting rid of Ed Orgeron, LSU’s football coach. Orgeron coached LSU’s football team to a national championship in 2019, but what has he done for us lately? What will it cost to buy out Orgeron’s...
I learned about gun safety from the Boy Scouts. Every year my Scout troop went to Summer Camp at Camp George Thomas, and we kids spent one hour every day on the rifle range. Our gun instructor was a grizzled Army sergeant on active duty at Fort Sill, and he was all...
Is it just me, or have Louisiana State University’s administrators lost their friggin’ minds? Last month, LSU announced it’s teaming up with Caesars Sportsbook, a big-time gambling company, to promote sports betting. Under the deal’s terms,...
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.
The Department of Education on Wednesday announced it has approved a proposal by Navient, one of its major student loan servicers, to transfer its federal student loan portfolio to a new company. Here are the details.
When we go on vacation, most of us sleep late, basking in the luxury of rising in the morning whenever we wish. Then our vacation ends, and we have to set our alarm clock again. And we find it damned difficult to pop out of bed at 6 AM to get to work on time....
Will there be mass student loan forgiveness? The push continues, but there are several signs that it may not happen.
Vista College, a chain of for-profit college campuses, closed and went bankrupt a few days ago. Most Vista campuses are in Texas, but the chain filed its bankruptcy proceedings in Delaware. Who owns Vista College? Education Futures Group (EFG), a Chicago-based...
The first batches of student loan forgiveness emails are going out to borrowers, following the Biden administration’s expansion of a key loan forgiveness program. More are on the way.
The rollercoaster of student loan servicing changes continues for borrowers. Here are the latest Navient and FedLoan Servicing updates.
Student loan borrowers should keep in mind three important dates about repayment and loan forgiveness.
Baylor University, a Baptist institution located in Waco, Texas, is a well-respected school. Over the years, it has risen steadily in the college ratings and now ranks among the top 100 American universities. But Baylor is expensive–tuition and fees are about...
A major settlement agreement has been reached in a long-running lawsuit brought by student loan borrowers against the U.S. Department of Education for failures associated with the Public Service Loan Forgiveness (PSLF) program.
A week ago, the Biden administration announced transformational changes to Public Service Loan Forgiveness (PSLF). These changes include several unique benefits that aren’t getting much attention. Here’s an overview.
If you were paying your student loans through autopay or auto-debit before the student loan payment pause went into effect last year, don’t assume that your autopay will automatically resume in February, or that things will go smoothly.
Last week, the Department of Education announced huge changes to Public Service Loan Forgiveness (PSLF). But a number of borrowers and student loans will be excluded from the expanded relief.
This happened once before When I cam to your door No reply They said it wasn’t you But I saw you peep through your window The Beatles Have...
A group of House Democrats is calling on the Biden administration to release a long-awaited memo outlining whether the President has legal authority to cancel student loan debt on a mass scale.
Marc Santonocito, Ashley Storino, and Elnaz Pourasgari–all students at New York University–did some bad, bad things! During the summer of 2020, they attended some parties without wearing COVID masks. Oh, the horror! The horror! All three miscreants...
The Biden administration this week announced sweeping changes to Public Service Loan Forgiveness (PSLF). Here’s who qualifies, which loans are now eligible, and how to apply for relief.
The Biden administration announced sweeping new executive actions to enact huge changes to the Public Service Loan Forgiveness (PSLF) program. Nearly 600,000 borrowers will get closer to student loan forgiveness as a result.
