Though she applied to college more than 40 years ago, Frida Marte can clearly remember the details of the experience. She’d come to the U.S. from the Dominican Republic only Read more
Debt cancellation got all the attention, but this Biden proposal could impact student-loan borrowers more, critics and advocates say
When President Joe Biden announced in August that his administration planned to cancel $10,000 in federal student debt for most borrowers, Allison Daurio felt some relief. Under the White House’s Read more
Legal challenges are already threatening student-loan borrowers’ access to debt forgiveness
We’re still in the early stages of legal challenges to President Joe Biden’s plan to cancel student debt for a wide swath of borrowers, but the threat of litigation is Read more
Biden’s $10,000 student-debt cancelation is a game-changer for borrowers’ wallets — but will it help their credit scores?
At a time of record-high borrowing costs and rising prices, people need all the help they can get from their credit scores. TransUnion — one of the country’s three major Read more
What will student-loan borrowers do after getting $10,000 or $20,000 in debt forgiven? MarketWatch asked readers — this was their No. 1 answer.
Americans’ student debt loads are poised to lighten up and people are making plans on what’s next for their freed-up cash. Borrowers appear to have two prime targets in mind: Read more
Biden says he plans to cancel $10,000 in student loans for borrowers making under $125,000
President Joe Biden on Wednesday confirmed reports that his administration plans to cancel $10,000 in student-loan debt per borrower for individuals making less than $125,000 a year, with forgiveness of Read more
Biden on Wednesday may unveil plan to cancel $10,000 in student loans for borrowers making under $125,000: report
The Biden White House could make an announcement as soon as Wednesday on canceling student-loan debt, according to a CNN report citing unnamed sources. The report said President Joe Biden’s Read more
Taxpayers are owed more than $1 billion related to the student loan program — but not from borrowers
Hello and welcome to Extra Credit, a look at the news through the lens of debt. After a hiatus for parental leave, I’m back and digging into who pays for Read more
Why an Arkansas town could provide a grim road map for America if car repos blow up
As recession worries loom over America, a debt crisis already bearing down on wage workers in northwest Arkansas could foreshadow bigger problem for a nation on high alert for a Read more
When student loan payments restart, will borrowers be able handle the pressure of inflation?
After nearly two and a half years of pandemic relief, federal student loan payments will restart after the pause expires Aug. 31 — unless it’s extended for the seventh time. Read more