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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
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
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
The Education Department will rewrite its overhaul of a 2016 Obama Loan Rule - most likely by dropping the most restrictive provisions of an earlier attempt to replace the borrower-defense rule. The loan rule outlines how borrowers who were defrauded or misled by their college can seek loan forgiveness.

Education Dept. to Rewrite the 2016 Loan Rule Overhaul

January 22, 2019 3:55 PM
by Susan Dutca-Lovell
The Education Department will rewrite its overhaul of a 2016 Obama Loan Rule - most likely by dropping the "most restrictive provisions" of an earlier attempt to replace the borrower-defense rule.
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
The Princeton Review’s 2017 College Hopes & Worries survey reveals that biggest worry for students and parents is the level of debt I/my child will take on to pay for the degree. While this concern doesn’t come as a surprise, it differs greatly from the average woe a decade ago; not getting in to [a] first-choice college.

College Debt the Main Woe for Students, Parents

March 28, 2017 10:30 AM
by Susan Dutca-Lovell
The Princeton Review’s 2017 College Hopes & Worries survey reveals that biggest worry for students and parents is the "level of debt I/my child will take on to pay for the degree." While this concern
Why should you use scholarship websites? How should you use them? And what are the chances of you actually getting scholarships off of these sites? I had the opportunity to interview Scholarships.com VP Kevin Ladd and here's what I found.

Why Students Should Use Scholarship Websites

July 15, 2015
by Genevieve Grant
Why should you use scholarship websites? How should you use them? And what are the chances of you actually getting scholarships off of these sites? I had the opportunity to interview Scholarships.com
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