After making monthly payments for a set number of years — usually 20— any remaining balance is forgiven. (The balance is taxable as income, though a temporary tax rule exempts […]
Student Loans
Trending topics and news from the Student Loans category
Back to news homeBiden to Cancel $10,000 in Student Loan Debt for Borrowers Earning Less Than $125,000
Mr. Biden’s economic advisers, however, made the case that by resuming loan payments and pairing the loan forgiveness with income caps, the cancellation would have a negligible effect on rising […]
Government to Cancel $6 Billion in Student Loans for Defrauded Borrowers
Around 200,000 former students who attended schools that they said defrauded them will have $6 billion in federal loans canceled under a sweeping settlement announced on Wednesday, the latest move […]
White House Struggles to Talk About Inflation, the ‘Problem From Hell’
WASHINGTON — President Biden was at a private meeting discussing student debt forgiveness this year when, as happens uncomfortably often these days, the conversation came back to inflation.“He said with […]
Corinthian Colleges Student Loans Will Be Forgiven, Education Dept. Says
They also uncovered an obscure clause in the law governing the loans: If borrowers were significantly misled by their school, they could ask the government to forgive their loans. Just […]
Student Loan Borrowers Got the Debt, but Not the Degree
“I had really good professors who were for the most part really understanding, but it was too much,” she said. “It was a tumultuous time.”Ms. Summers-Polite withdrew from her classes […]
7 Million Bad Student Loans With No Way Out, for Anyone
There are hidden costs, even when the government is able to collect the money.One of the department’s most successful — and draconian — collection mechanisms is the Treasury Offset Program, […]
Student Loan Borrowers Don’t Deserve ‘Forgiveness.’ They Deserve an Apology.
Still not convinced that the nation should ask debtors for absolution, and not the other way around? Consider the facts.First, there’s the Free Application for Financial Aid, or FAFSA, which […]
Will President Biden Forgive Student Loan Debt?
Justin Nelson’s letter, one of the thousands that arrived at the White House this month, said he was proud to vote for President Biden back in 2020. Now he had […]
Paying Taxes in 2022: What You Need to Know
I was lured into the meme stock madness. What do I need to know?The federal government is coming for its share of your winnings. If you were trading in a […]