More student-loan borrowers are taking advantage of an updated route to get rid of their debt in bankruptcy court, top Democratic senators say
Sen. Elizabeth Warren led some of her colleagues in calling on Biden's administration to bolster outreach to student-loan borrowers on bankruptcy.
Experts Say To Do These 5 Things for Your Student Loans During Election Year
With the student loan grace period having ended on Sept. 30 and a presidential election looming, your college debt might be feeling heavier than a freshman's backpack on the first day of classes. But...
Biden unveils new student debt plan for people with financial hardships
The Biden administration's efforts to erase student debt for the 46 million Americans who are carrying college loans have repeatedly hit legal roadblocks. Now, the Department of Education is rolling out a new plan that could provide debt relief to 8 million borrowers who are suffering from financial hardships.The new plan, unveiled Friday, would provide loan relief for approximately 8 million people with student loans who are suffering financial distress caused by other debts, ranging from medical expenses to costs due to a natural disaster. The Education Department said the proposed rules will be published in the Federal Register in...
Thomas Knapp: The student loan crisis is not an emergency
"The student loan crisis," Sabrina Cereceres writes at The Nation, "is a national emergency, and the time to act is now." Cereceres makes a good case that the student debt situation in the United States is indeed a crisis. "Crisis" is defined in the 1913 edition of Webster's Dictionary as the decisive moment or turning point in a matter. Things will go one way, or they'll go another. A lot...