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    Michael Brochstein/Zuma Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.Who needs student loan forgiveness when you can have your payments deferred for one year, with no decrease in total debt, so long as you’ve survived a terrorist attack? Today, Sen. Marco Rubio (R-Fla.)...
                        Live from Music Row Wednesday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – host Leahy welcomed the original all-star panelist Crom Carmichael to the studio to suggest changes to the student...
    Mississippi teen fatally shot hours after she graduated from high school Psaki says its pretty unlikely that the zebra is going to change his stripes over the next two years when asked about Facebooks Trump ban © Provided by Daily Messenger John Ninfo It’s May, so most future college freshmen have recently made or are making their final college...
    Lauren Schreiber spent more than a decade earning a doctorate degree on the way to becoming a chiropractor. Now for the hard part: Repaying her $581,000 in student loans.  Schreiber, 32, may have to start paying off her loans within a matter of weeks now that a temporary pause in school debt payments granted by the Trump administration in September is...
     Students graduating from Wilberforce University, an historically Black university in Ohio, got an unexpected – and welcome – surprise at their commencement ceremony. “Because we are in awe of your strength and perseverance, because you have made your family and yourselves proud, because you have shown the work, because you have shown you are capable of doing work under...
    White House press secretary Jen Psaki demurred on Wednesday when a reporter asked whether President Joe Biden planned to follow through on his campaign promise to forgive a portion of student loan debts. Biden detailed “economic equity” measures in his agenda during a Tuesday speech, but failed to mention a campaign promise he made to forgive $10,000 in student loan debt for every borrower....
    Maskot | Maskot | Getty Images President Joe Biden laid out a plan this week to narrow the racial wealth gap in the U.S. Many were disappointed not to see any mention of student loan forgiveness in that agenda. The president's initiatives, announced 100 years after the Tulsa Race Massacre, will include tackling racial discrimination in the housing market and...
    (CNN)Wilberforce University will cancel student debt for 2020 and 2021 graduates, according to a news release. The president of the historically Black university made the announcement during 2021 commencement exercises Saturday, noting the total amount of cleared debt will be more than $375,000."As these graduates begin their lives as responsible adults, we are honored to be able to give them...
    VIDEO6:4006:40Will your student loan debt be forgiven?Make It Because of the coronavirus pandemic, the price of higher education is an even bigger consideration for students and their families than usual. At the same time, the cost of a four-year college or university has never been higher. For the 2020-21 academic year, average tuition and fees increased 1.1% for in-state students at four-year public...
    DENVER (CBS4) — The Colorado Attorney General’s Office filed a lawsuit Wednesday against a Pennsylvania-based company charged with running a federal student loan forgiveness program. The lawsuit requests temporary and permanent injunctions forcing the company, Pennsylvania Higher Education Assistance Agency (PHEAA), to provide documentation in compliance with state consumer protection law. The Public Service Loan Forgiveness program (PSLF) was created...
    Joe Biden will not include student loan forgiveness in his upcoming Budget, after pledging to cancel $10,000 from loans on the campaign trail. Biden is due to announce his latest budget at the end of next week, and claims he has grown suspicious of wiping out the loans. The shift in policy is a major blow for the more than...
    Washington (CNN)Federal student loan payments are set to resume on October 1, after an unprecedented 19-month suspension that was put in place to provide financial relief to borrowers during the pandemic. Borrower balances have effectively been frozen for more than a year, with no payments required on federal loans since March 2020, when Congress first authorized the pause as part...
    It's probably been a while since you've checked in on your student loans. You most likely won't have to make a payment until October thanks to coronavirus relief measures, but now is the perfect time to chip away at your debt, according to Asha Srikantiah, head of the student debt program at Fidelity Investments.  The current pause also suspends interest from...
    Samuel Corum/Bloomberg via Getty Images The IRS will start issuing tax refunds on unemployment benefits this week. But some people may see a smaller refund — or none at all. The lesser amounts will apply to those who have past-due debts, like federal and state taxes, child support, student loans and unemployment benefits that were paid in error, according to...
    Loading the player... Delaware State University announced that it’s forgiving more than $700,000 in student loans for their recent graduates who were impacted by the COVID-19 pandemic. On Wednesday, the historically Black university announced that up to $730,655 in student loan debt will be forgiven for more than 220 students — with each receiving over $3,000. Read More:...
                      by Christian Schneider  The Biden administration has chosen a close ally of Sen. Elizabeth Warren (D-Mass.) to oversee the nation’s expansive federal student loan program. On Monday, Rich Cordray, director of the Consumer Financial Protection Bureau during the Obama administration, was announced as the new head of the Education Department’s...
    fizkes | iStock | Getty Images Outstanding student loan debt in the U.S. has climbed to $1.7 trillion, a balance that is not evenly distributed among college graduates. Certain groups are far more burdened than others. President Joe Biden is now considering whether or not to reduce or eliminate those burdens by forgiving student debt. Here's who would benefit the...
    Sen. Elizabeth Warren, D-Mass., and House Majority Whip Jim Clyburn, D-S.C., hold a press conference in the Dirksen Senate Office Buidling to introduce the Student Loan Debt Relief Act to cancel student loan debt for millions of Americans on Tuesday, July 23, 2019.Bill Clark | CQ-Roll Call, Inc. | Getty Images Sen. Elizabeth Warren is not easing up on her...
    Austin Hossfeld and his wife, Hayley.Photo: Austin Hossfeld Every day, Austin Hossfeld types the same words into Google: "Biden" and "student loans." "A lot of the times, it's the same articles," Austin, 26, said. "I re-read them. "At night, I talk to my wife about it." Like so many other Americans, the Carroll, Ohio, resident is eager for any new...
    PRESIDENT Joe Biden is working on two stimulus proposals that could include more relief checks or cancel student loan debt. The policy proposals currently focus on creating jobs and supporting families, but many are hopeful that additional stimulus checks and student loan forgiveness will also make the cut. 3Many want Biden to expand stimulus check payments and include...
    eric1513 | iStock | Getty Images Things are looking up for the 44 million Americans saddled with student loans. President Joe Biden has said he supports cancelling $10,000 in student loans per borrower. Facing pressure from other Democrats, progressives and borrowers, Biden has also now asked his education secretary to prepare a memo on his legal authority to wipe out as...
    VIDEO0:3100:31Mellody Hobson: Your relationship with money will last the longestInvest in You: Ready. Set. Grow. With money at the root of a lot of relationship issues, it's no surprise that most people won't swipe right on a date with bad credit. More than one-third, or 38%, of adults would reconsider a romantic relationship because of the other person's debt, a...
    PRESIDENT Joe Biden may cancel billions of dollars worth of student debt - but does it apply to private loans? We explain all you need to know if you're in the red after university. 1We explain Joe Biden's student loan forgiveness plan and whether it applies to private loansCredit: Alamy What is Joe Biden's student loan forgiveness plan? In early...
    chanakon laorob | iStock | Getty Images Student debt can impact so many aspects of a person's life, from the careers they pursue to if and when they're able to purchase a home. So it's no wonder that a lot of people feel stuck in limbo as President Joe Biden and other elected officials debate the subject of student loan...
                        The Tennessee General Assembly is considering requiring more transparency when it comes to higher education. If passed, the “Students Right to Know Act” would require the Tennessee Higher Education Commission (THEC) to publish a database concerning different state universities or vocational schools’ attendance costs, monthly student loan payments,...
    The government's stimulus response to the pandemic may accelerate the trend of companies offering student loan assistance as a benefit.Mark Chilton | iStock | Getty Images Phyllis Wintter has had student debt for more than 30 years. At 67, she still owes around $48,000. Now she hopes that change could be coming, and that President Joe Biden will forgive her...
    Senate Minority Leader Chuck Schumer (D-NY) pressured President Joe Biden to forgive $50,000 of student loan debt Thursday. “College, which has always been a ladder up, can now be an anchor that weighs you down because of the enormous amount of student debt that so many have,” Schumer said. “Debt is just up to people’s neck and maybe even worse.” Schumer...
    Over 36 million people would be freed from debt if the Biden administration cancels $50,000 in student debt per borrower, according to data put out Tuesday from the Education Department. Sen. Elizabeth WarrenElizabeth WarrenOn The Money: Biden .5T budget proposes major hike in social programs | GOP bashes border, policing provisions Overnight Defense: Biden proposes 3B defense budget | Criticism...
    Canceling $50,000 in student loan debt would wipe out the entire burden for 36 million borrowers. That's according to new data from the Department of Education, released Tuesday by Senator Elizabeth Warren.  By comparison, wiping out $10,000 in student loan debt would provide full relief for 15 million borrowers. Warren had requested the data in a letter to Education Secretary...
    Alex Wong | Getty Images News | Getty Images While the latest stimulus package and a new massive infrastructure bill are the main topics of conversation in Washington of late, President Joe Biden continues to be under mounting pressure to take action on student loan forgiveness, too. Sen. Elizabeth Warren, D-Mass., held a hearing on Tuesday afternoon on the burden...
    Democratic Massachusetts Rep. Ayanna Pressley delivered an ultimatum on the issue of college loans in an April 12 Twitter post. “You can’t be anti-racist if you’re anti student debt cancellation,” Pressley wrote, linking to a Washington Post article on people struggling to pay their student loans. According to the Chamber of Commerce, roughly 44.5 million Americans owe a total of...
    A $2.6 million agreement entered by the Pennsylvania Attorney General's office has alleviated student debt for 1,300 students. The agreement will result in the cancellation of approximately $2.6 million in private Pennsylvania student loans held by students who attended schools operated by the now-defunct Education Corporation of America, AG Josh Shapiro said. The defunct corporation abruptly closed due to its loss of...
    By: KDKA-TV News Staff HARRISBURG, Pa. (KDKA) — The Pennsylvania Office of Attorney General announced almost $3 million in student loan debt is being wiped clean. READ MORE: City Of Pittsburgh Joins Philadelphia In Lawsuit Over State Gun Control Law Josh Shapiro said he reached an agreement with the now-defunct Education Corporation of America to cancel $2.6 million in private...
    Illinois is offering to pay off up to $40,000 of new homeowners' student loan debt in a bid to attract new buyers as part of a new $25 million scheme. The Illinois Housing Development Authority’s SmartBuy program will offer a loan equal to 15% of the home purchase price, or pay off up to $40,000 in student loans, whichever is...
    President Joe Biden is still thinking about—and collecting evidence on—whether to cancel student loan debt, and if so, how far to go. Speaking to Politico on Thursday, White House Chief of Staff Ron Klain said Biden had asked Education Secretary Miguel Cardona to put together a report on his legal options.  “Hopefully we’ll see that in the next few weeks,” Klain said....
    PRESIDENT Joe Biden has asked his Secretary of Education if he has the authority to cancel up to $50,000 in student loan debt for borrowers. Biden has gone to Education Secretary Miguel Cardona to figure out if he has the legal authority as president to wipe out debt for millions of people. 3Joe Biden has asked his Education Secretary is...
    (CBS4) – Colorado Attorney General Phil Weiser is demanding a full refund on federal student loans for students defrauded by the now defunct ITT Technical Institute. In 2016, ITT Tech closed two campuses in Colorado. (credit: CBS) Weiser is urging the U.S. Department of Education to cancel the loan debt. He says the for-profit school duped thousands of students by...
    BOSTON (AP) — President Joe Biden should help those struggling under crushing student loan debt by immediately canceling up to $50,000 of debt for federal student loan borrowers, Democratic elected officials said Thursday. Biden can make the move by using existing authority granted to him under the Higher Education Act, said U.S. Sen. Elizabeth Warren, U.S. Rep. Ayanna Pressley and...
    Yesterday, the U.S. Department of Education announced an expansion of the pause on federal student loan interest and collections to all defaulted loans in the Federal Family Education Loan (FFEL) Program. This action will help more than one million additional borrowers burdened by debt during the COVID-19 emergency. “At a time...
    More On: joe biden Be the judge: Biden announces first round of federal judiciary nominees CBP warned Biden about overturning Trump immigration policies: Texas rep. Take a hike: Biden to announce massive tax bumps for $4T infrastructure plan Pete Buttigieg says infrastructure plan won’t be funded by mileage tax President Biden is lengthening a pause on federal student loan debt...
    Robert Daly | Getty Images The Biden administration is expanding an existing pause on student loan interest and collections to include more than 1.1 million borrowers who are in default, the U.S. Department of Education announced Tuesday. The borrowers, whose defaulted loans are part of the Federal Family Education Loan program, were ineligible for the current payment pause and interest...
    The U.S. Department of Education yesterday announced relief for certain borrowers who have received student loan discharges due to total and permanent disability. These changes will ensure no borrowers are at risk of having their loans reinstated, meaning they would have to repay their debt—for failure to provide earnings information...
    recep-bg/Getty More than one year ago, the federal government announced relief measures for student loan borrowers. Monthly payments were halted and interest rates stopped accruing amid the COVID-19 national emergency. Eight borrowers share with Insider what a year without student loan payments has meant for them.  Visit Insider's homepage for more stories. Despite a year of unrelenting...
    So very, very true. The recent good news about student debt being cancelled got me thinking about how divisive this issue can become around here. Despite all of us being more or less on the same side, calls for student loans to be forgiven and the debts cancelled seem to rile up a sizeable number of commenters; the usual arguments tend to...
    Student loan borrowers may see more relief still in the pandemic.ViT Postman | iStock | Getty Images Many people with federal student loans won't be able to claim a popular deduction on their taxes this year. Around 12 million taxpayers take advantage of the break known as the student loan interest deduction, which allows borrowers to subtract up to $2,500...
    Dear Moneyist, My wife and I had our first baby 3 months ago. As the breadwinner, my wife just returned to work after 12 weeks of unpaid maternity leave. Our savings are a bit low and she is now “asking for my blessing” to work part-time. This is distressing to me for several reasons. We do fairly well, making...
    Students who were defrauded by their colleges and received only partial relief from their federal loans could now see them fully canceled, the Biden administration announced Thursday, reversing a Trump administration policy.The change could lead to $1 billion in loans being canceled for 72,000 borrowers, all of whom attended for-profit schools, the Education Department said."Borrowers deserve a simplified and fair...