President Joe Biden said he would cancel $10,000 in federal student loan debt for most borrowers. However, several Republican lawmakers have criticized the program.
A Republican stimulus package with targeted relief for airlines and almost no student loans assistance was put forward by Treasury Secretary Steven Mnuchin.
Stimulus negotiations have collapsed now, and a deal looks like it will be weeks away, at best. The delays have left many questions, like those from student loan borrowers.
A watchdog group claims a lender charges higher rates to graduates of historically black colleges. (Photo : Reuters/Joshua Roberts) Graduates of historically black institutions are getting charged higher interest rates on student loans, a watchdog group said in a report released Wednesday.
Latinas struggle to overcome pay discrepancies based on race and gender, making it difficult for many to pay back student loans, according to new data.
Democratic presidential candidate Hillary Clinton revealed her affordable college plan aimed to combat student debt, and as expected, the proposal was met with varied responses.
President Barack Obama has called higher education "one of the crown jewels of this country." However, U.S. students have garnered more than $1.2 trillion in outstanding student loan debt, and 83 percent of that debt, or $1 trillion, stems from federal student loans. This has had a deep impact on millennials and the economy.
With college students graduating with skyrocketing loan debts, Democratic presidential candidate Martin O'Malley announced his plan to provide relief for American students. O'Malley, former governor of Maryland, stated U.S. families are burdened with the $1.3 trillion in outstanding student loan debt, and proposed a national goal for all students to have access to debt-free college education at any in-state public college or university.
For many Americans, finances could make or break an individual, and Republican presidential candidate Marco Rubio has been making his financials public.
Tens of thousands of students affected by the bankruptcy of the for-profit Corinthian Colleges could benefit from massive loan-forgiveness provisions implemented by the U.S. Department of Education.
Fresh out of college and new to New York City, young people arrive with the expectation of "Sex in the City" and "Glee"-style adventures, guided solely by the hot lights of the city and a sense of whimsy. Instead, they are confronted with the high cost of NYC's living and unshakable college student loan debt, which often forces them to pit financial obligations against one another.
In an effort to help college graduates facing high loan repayments manage their debts, the president on Monday is expected to announce an expansion of a repayment program,
