student loans

Education Secretary Betsy DeVos appears in Phoenix in October. On Friday, the Education Department announced an extension of pandemic relief measures for federal student loan borrowers.

Education Department Extends Student Loan Payment Freeze Through January

7:39pm December 04, 2020

by Elissa Nadworny

Congress hit pause on federal student loan payments in the CARES Act. The latest extension of this relief will last until after President-elect Joe Biden takes office.

President-elect Joe Biden delivers remarks Monday in Wilmington, Del.

Biden Wants To Help Pay Some Student Loans, But There's Pressure To Go Further

4:59pm November 17, 2020

by Anya Kamenetz

The president-elect called for immediate action to help borrowers who are "having to make choices between paying their student loan and paying the rent."

Nearly 40% of student loan payers are helping someone else pay off their student loans, a new study found.

'A Family Affair': Others Often Chip In To Help Pay Off Student Loans

10:49am October 01, 2020

by Adedayo Akala

Student debt doesn't only affect the person who goes to college. Nearly 40% of student loan payers are helping someone else pay off their student loans, a new study found.

The Student Borrower Protection Center, a watchdog group, says one lender seems to charge higher rates to graduates of historically black colleges.

Graduates Of Historically Black Colleges May Be Paying More For Loans: Watchdog Group

11:27am February 05, 2020

by Chris Arnold

Graduates of historically black or predominantly Hispanic colleges might be paying more to borrow money because of where they went to school, according to a report from a financial watchdog.

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Education Secretary Betsy DeVos testifies on Capitol Hill in Washington, D.C., in December.

Education Dept. Unveils Fix For Student Loan Program's 'Bureaucratic Nightmare'

6:45pm January 31, 2020

by Cory Turner

In its first year, the forgiveness program turned away 71% of borrowers because of a paperwork technicality. Now, the department says it's fixing that roadblock.

Democratic senators are demanding that the Consumer Financial Protection Bureau, led by Kathleen Kraninger, do its job supervising the student loan system.

Senators To CFPB: Why Are You Still Failing To Protect Student Loan Borrowers?

6:21pm January 30, 2020

by Chris Arnold

Democratic lawmakers sent a letter to the director of the nation's top consumer watchdog agency demanding that the Consumer Financial Protection Bureau do its job supervising the student loan system.

Many Americans who get overwhelmed by student loan debt are told that student debt can't be erased through bankruptcy. Now more judges and lawyers say that's a myth and bankruptcy can help.

Myth Busted: Turns Out Bankruptcy Can Wipe Out Student Loan Debt After All

9:31am January 22, 2020

by Chris Arnold

Many Americans who get overwhelmed by student loan debt are told student debt can't be erased through bankruptcy. Now more judges and lawyers say that's a myth and bankruptcy can help.

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Mike Calhoun talks about how student loans are forcing younger Americans to delay homeownership at a housing conference in September.

Student Loans A Lot Like The Subprime Mortgage Debacle, Watchdog Says

4:39pm December 09, 2019

by Chris Arnold

Mike Calhoun rang the alarm bell early on about the subprime mortgage debacle — before reckless lending drove the economy into recession. These days, he's sounding the alarm about student loans.

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A nonprofit student loan group alleges that the Consumer Financial Protection Bureau has abandoned its duty to police widespread mismanagement of a loan forgiveness program for public service workers.

Consumer Agency Failed To Protect Student Loan Borrowers, Lawsuit Says

7:46pm November 25, 2019

by Chris Arnold

A nonprofit student loan group alleges that the Consumer Financial Protection Bureau has abandoned its duty to police widespread mismanagement of a loan forgiveness program for public service workers.

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Nearly two-dozen U.S. senators are calling on Kathleen Kraninger, director of the Consumer Financial Protection Bureau, to investigate a loan servicer called the Pennsylvania Higher Education Assistance Agency.

23 Senators Demand Investigation Into Mismanagement Of Student Loan Program

4:26pm October 29, 2019

by Avie Schneider

The senators are calling on the nation's stop consumer protection agency to investigate a loan servicer for the troubled student loan forgiveness program for public service workers.