Damircudic | E+ | Getty Images More federal student loan borrowers have been able to get their debt discharged in bankruptcy over the last few years, thanks to new guidance that the Biden administration has issued. That more lenient policy may be at risk when President-elect Donald Trump enters the White House in January, experts […]
Mementojpeg | Moment | Getty Images Borrowers should ‘not let it get this far’ Borrowers should receive numerous notices from their student loan servicers before they go into delinquency or default, said higher education expert Mark Kantrowitz. Usually, your payment has to be around 90 days late for it to be reported to the credit […]
President-elect Donald Trump’s victory last week should bring some clarity to Americans with student loans, but probably not in the way they’d hoped. A flurry of Biden administration initiatives and court rulings against them have left millions of borrowers uncertain about their future payments. Many federal student loans, in fact, are stuck in a period […]
A student student sits in a lecture hall while class is being dismissed at the University of Texas at Austin on February 22, 2024 in Austin, Texas. Brandon Bell | Getty Images Nearly a third, 30%, of federal student loan borrowers say they’ve gone without food or medicine because of their monthly bills. That grim […]
Savannah Britt owes about $27,000 on loans she took out to attend college at Rutgers University, a debt she was hoping to see reduced by President Joe Biden’s student loan forgiveness efforts. Her payments are currently on hold while courts untangle challenges to the loan forgiveness program. But as the weeks tick down on Biden’s […]
