News Articles About Student Loans

Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation that would allow students with no income to forgo federal student loan repayments. His recommendations, which he developed with bipartisan support, would also simplify the FAFSA and reduce the number of federal loan repayment options from nine to two.

Senator Outlines Student Loan Relief in New Proposal

July 30, 2020 11:49 AM
by Izzy Hall
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation
If you're worried about how you will pay for college during the COVID-19 pandemic, you're not alone. Students and families are concerned about the college financial ramifications as a result of the coronavirus pandemic, and higher education institutions are anticipating an increase in students' financial aid need, as well as a large number of college financial aid appeals. Fortunately, there are ample options and resources to help you pay for college these coming semesters. Explore the various options to find out which works best for your situation - from scholarship deadline extensions to relief provided through the CARES Act and more.

Paying for College during Coronavirus

June 26, 2020 3:48 PM
by Susan Dutca-Lovell
If you're worried about how you will pay for college during the COVID-19 pandemic, you're not alone. Students and families are concerned about the college financial ramifications as a result of the
Are you dealing with student debt? You’re not alone. The amount of student debt that Americans owe is a staggeringly-high $1.7 trillion dollars and growing. Almost 70% of graduating high school seniors from the Class of 2019 took out student loans, and it’s likely that percentage will only increase for the Class of 2020. If you’re looking for some help managing your student loans, here are a handful of free and low-cost online resources that can help.

Want Help with Student Debt? Try These Resources

June 12, 2020 9:54 AM
by Izzy Hall
Are you dealing with student debt? You’re not alone. The amount of student debt that Americans owe is a staggeringly-high $1.7 trillion dollars and growing. Almost 70% of graduating high school
From student loans to college athletics, Scholarships.com is keeping you updated on all of the latest information on the coronavirus pandemic and its impact on high school and higher education. If you're tired of reading about COVID-19, take a break by checking out your latest scholarship matches and earning money for college here.

Coronavirus News Update for Students, Families, Colleges

March 31, 2020 3:27 PM
by Susan Dutca-Lovell
From student loans to college athletics, Scholarships.com is keeping you updated on all of the latest information on the coronavirus pandemic and its impact on high school and higher education. If
As part of Financial Awareness Month this February, Scholarships.com is bringing you a list of the most common FAFSA mistakes made in hopes that you will avoid them as your file your FAFSA. If you intend on attending college between July 1, 2020 and June 30, 2021, we encourage you to fill out your FAFSA – ASAP. Here are some common FAFSA mistakes to avoid:

Common FAFSA Mistakes to Avoid

February 26, 2020 12:34 PM
by Susan Dutca-Lovell
As part of Financial Awareness Month this February, Scholarships.com is bringing you a list of the most common FAFSA mistakes made in hopes that you will avoid them as your file your FAFSA. If you
The U.S. Department of Education plans to forgive $1.3 billion in outstanding student loan debt for roughly 25,000 disabled U.S. military veterans, beginning in July. Until now, the Department of Education had required veterans to formally apply for student loan forgiveness - having them complete unnecessary paperwork to secure relief from their student loans, even after the Department of Veterans Affairs had found that a veteran met the legal requirements for disability-related loan forgiveness. In 2018, over 30,000 totally and permanently disabled veterans eligible for student loan forgiveness had not completed the necessary paperwork; a majority of which had defaulted on their student loans.

Student Loan Debt Forgiveness for U.S. Military Veterans

February 4, 2020 3:29 PM
by Susan Dutca-Lovell
The U.S. Department of Education plans to forgive $1.3 billion in outstanding student loan debt for roughly 25,000 disabled U.S. military veterans, beginning in July. Until now, the Department of
True love - at least for college-bound high school seniors and current college students - comes in the form of free college financial aid, especially during the month of February. This February is Financial Aid Awareness Month 2020, and Scholarships.com celebrates it with the rest of the higher education community by helping students and families navigate the college financial aid process and educating them about access to federal, state, and institutional college financial aid. To help students strengthen their financial aid literacy, higher education institutions and organizations host webinars, field questions on social media and host weekly topics that allow parents and students to ask questions about college scholarships, college grants, FAFSA, student loans, and other ways to pay for college. During this upcoming Financial Aid Awareness Month, Scholarships.com will do what it has always done best. We'll be offering the best college scholarship opportunities and college scholarship information out there. As we see it, high school scholarships and college scholarships are the best types of college financial aid because they do not need to be repaid. To help kick off Financial Aid Awareness Month, Scholarships.com put together a list of high school and college student financial aid resources that you'll love.

Financial Aid Awareness Month - February 2020 Edition

January 30, 2020 10:42 AM
by Scholarships.com Staff
True love - at least for college-bound high school seniors and current college students - comes in the form of free college financial aid, especially during the month of February. This February is
The U.S. Department of Education will offer a contract to a single loan servicer to manage its $1.2 trillion student loan portfolio, which contains over 43 million borrowers. Instead of keeping its current contract with four different services, the ED will award Navient, GreatNet or the Pennsylvania Higher Education Assistance Agency (PHEAA) the contract. What exactly does this mean for borrowers?

Department of Education Seeking Single Loan Servicer

May 23, 2017 10:23 AM
by Susan Dutca-Lovell
The U.S. Department of Education will offer a contract to a single loan servicer to manage its $1.2 trillion student loan portfolio, which contains over 43 million borrowers. Instead of keeping its
Today, going to college could cost as much as buying a new BMW every year, according to the Wall Street Journal. With ever-increasing college costs ranging between $120,000 and $200,000 (depending on the school), some politicians' higher education reforms are simply a massive bailout wrapped in the promise of free tuition and relief from student loans.

Clinton's "Free" College a Bailout of a Failed System?

August 23, 2016
by Susan Dutca-Lovell
Today, going to college could cost as much as buying a new BMW every year, according to the Wall Street Journal. With ever-increasing college costs ranging between $120,000 and $200,000 (depending on
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