student loans

The Supreme Court in Washington, D.C., on Tuesday, June 27 as the term heads into what's expected to be the final week.

Supreme Court kills Biden's student debt plan in a setback for millions of borrowers

11:40am June 30, 2023

The court unanimously dismissed on standing grounds a challenge to President Biden's groundbreaking plan to forgive some or all federal student loan debt for tens of millions of Americans.

Student loan borrowers gather near The White House in May 2020. On Thursday, the Senate voted to repeal President Biden's plan to offer up to $20,000 in federal student loan debt relief.

Politics & Government

Senate passes GOP-led resolution to block Biden's student loan relief plan

11:40am June 02, 2023

by Emily Olson

With President Biden pledging a veto, the resolution amounts to a mostly symbolic show of congressional disapproval on a plan to cancel up to $20,000 in federal student loan debt.

Student loan borrowers gather outside the Supreme Court building in February 2023. The court's ruling on President Biden's debt relief plan is expected in June or July.

Is the debt deal changing student loan repayment? Here's what you need to know

10:10am May 31, 2023

by Emily Olson

If it passes, the proposed debt deal would set the date for federal student loan repayments to resume. The pause's end will affect some 43 million borrowers, but, in effect, it's not a big change.

Education

North Carolina ranks 8th in student loan debt

1:20pm March 23, 2023

by Eddie Garcia

A student scholarship research group recently released a new study looking at how much student loan debt people carry.

President Biden speaks about student debt relief at Delaware State University in Dover on Friday.

Biden's student debt relief plan is temporarily blocked. Here's what you need to know.

2:23pm October 22, 2022

by Juliana Kim

Nearly 22 million people — more than half of qualifying borrowers — have signed up. The Biden administration says it is continuing to accept and review applications during the temporary hold.

This Oct. 8, 2019, photo shows the Apple Pay app on an iPhone in New York. Experts warn that digital wallet services like Apple Cash and Venmo are prime targets for scammers.

Education

How to stay protected from student loan scammers on the prowl

3:33am August 30, 2022

by Ayana Archie

Amid President Joe Biden's announcement that his administration will be forgiving up to $20,000 in federal student loans, scammers may be looking to take advantage of borrowers.

Student loan borrowers stage a rally in front of The White House on Aug. 25 to celebrate President Biden cancelling student debt. The plan has sparked heated debate, including about its economic fairness.

Is it fair to forgive student loans? Examining 3 of the arguments of a heated debate

5:01am August 28, 2022

by Scott Horsley

President Biden's plan to forgive hundreds of billions of dollars in student debt will help millions – but it's also raising concerns about inflation, economic fairness and college tuition costs.

Queue Listen Now

An ITT Technical Institute campus in Rancho Cordova, Calif., is seen on Sept. 6, 2016. Students who used federal loans to attend ITT Tech as far back as 2005 will automatically get that debt canceled.

Education

$3.9 billion in debt is canceled for former students of ITT Tech

1:03pm August 16, 2022

by The Associated Press

The cancelation in federal student debt for 208,000 borrowers came after authorities found "widespread and pervasive misrepresentations" at the defunct college chain, the Education Department said.

U.S. Education Secretary Miguel Cardona delivers remarks in Washington, D.C., in January. The department has extended the freeze on federal student loan payments several times since the pandemic began in March 2020.

The student loan pause has been extended until the end of the summer

7:04pm April 06, 2022

by Cory Turner

The Biden administration extended the freeze on student loan payments yet again, this time until September, and announced a reset for borrowers in default.

As part of the settlement, the loan servicing company Navient agreed to pay $95 million for states to offer affected borrowers some reimbursement — roughly $260 each to 350,000 borrowers.

Navient reaches a deal to cancel $1.7 billion in student loan debts

4:51pm January 13, 2022

by Cory Turner

The loan servicing giant has agreed to cancel student loan debts owed by roughly 66,000 borrowers as part of a settlement reached with 39 state attorneys general.