Student Loan Debt

There is a benefit of fast-tracking the elimination of copious amount of student loan debt now, leading the economically fragile into a new world of opportunity.

The study found just 13 percent of Americans said they support forgiving $50,000 in federal student loans.

Lawmakers said forgiving student loan debt would address racial equity and help low-income households.

"The case against student loan forgiveness is looking shakier by the day," Rep. Alexandria Ocasio-Cortez tweeted.

As adult dependents, we can only hope that the comprehensive stimulus checks will set a precedent for future pandemic aid.

President Joe Biden rejected the idea of unilaterally eliminating $50,000 of student loan debt during a town hall on Tuesday night.

Some 44 million Americans are in debt associated with their education, totaling around $1.5 trillion.

If current borrowers have their debt canceled, it will lead incoming students to expect that theirs will also be forgiven. There are superior alternatives Congress can pursue.

There are two kinds of debt: Secured Debt and Unsecured Debt. Finding the right kind and prioritizing them based on what's at stake is a smart choice you have to make at some point in time.

Americans have had the option of not paying their student loans during the coronavirus pandemic, but that provision was expected to end in December 2020.

Warren also blamed DeVos for worsening student debt with DeVos' slowdown of an Obama-era debt relief program.

Senators Chuck Schumer and Elizabeth Warren have also suggested forgiving student debt by executive order.

American higher education needs a wrecking ball—not a bailout.

If Joe Biden raises student loan forgiveness to $20K, millions more borrowers would be free of the crushing federal education debt.

"Canceling student loans is less stimulative per dollar than about almost anything we've enacted so far for COVID relief," said Marc Goldwein of the Committee for a Responsible Federal Budget.

Student Loans Justice, a grassroots organization, started the Change.org petition to call for student loan debt to be forgiven via executive order.

"They're having to make choices between paying their student loans and paying their rent," the president-elect said recently.

"Please don't tell me that we cannot afford to cancel all student debt and make public colleges and trade schools tuition-free and debt-free for all," Sanders tweeted.

President-elect Joe Biden has spoken about plans for student loan debt forgiveness but without a Democrat majority in the senate, his hands may be tied.

During the campaign trail, Biden proposed creating a program that offers $10,000 of undergraduate or graduate student debt relief and making public colleges and universities tuition-free for all families with incomes below $125,000.

Promising tens or even hundreds of thousands of dollars to young people is nothing short of bribery.

By opening a Student checking account with BBVA, students can get up to a $100 bonus.

Handy tips to nudge your credit rating from poor to excellent

In March 2020, Congress introduced stop on student loan repayments, but that program is scheduled to expire on September 30, 2020. Currently, many Americans remain unemployed, and many more have accepted lower wages and reduced hours. Here's how you can plan ahead for the inevitable.

An amendment extending the student loan protections under the CARES Act to private loans was adopted by the House.

What to do if you are already knee-deep in debt with no silver lining in sight? With a little financial prudence and a proper debt relief plan, it is possible for you to be debt-free, fast.

America is in debt crisis now more than ever. Fortunately, debt is not an unsurpassable black hole. There are companies including CuraDebt that help you settle your debt fast and save money.

Debt settlement can give you a fresh start. The National Debt Relief program works best for credit card debt.

A lawsuit filed Thursday against Secretary DeVos alleges the Education Department continued taking a percentage of some loan borrowers' paychecks after the CARES Act called for a temporary stop to the practice.

Giving preference to legacy applications is part of a flawed higher education system that too often benefits wealthy, white students.