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Tag: loan

Three Mile Island Owner Seeks $1.6B Federal Loan Guarantee for Microsoft AI Deal

Constellation Energy to help finance plans to restart Pennsylvania's Three Mile Island nuclear power plant and sell power exclusively to Microsoft to power the tech giant's AI data center , is seeking a $1.6 billion federal loan guarantee. of washington post report The owner of the shuttered Three Mile Island nuclear power plant says it […]

Judge reinstates Biden’s student loan forgiveness plan just in time for the election

A federal judge reinstated the Biden administration's plan to forgive billions of dollars in student loans just before the election. President Joe Biden's loan plan had been blocked by a temporary restraining order over lawsuits by Republican attorneys general in seven states, including Florida, Georgia and Ohio. The lawsuit accused the Biden administration of overstepping […]

Biden student loan forgiveness plan gets win in Georgia court

President Biden's student debt relief plan was granted a victory this week by a Georgia judge, who removed one Republican challenger and allowed the plan to move forward for now after a temporary restraining order expires. U.S. District Judge J. Randall Hall said Wednesday that Georgia has enough access to Biden's $73 billion student loan […]

Last pandemic-era student loan benefit ends even as borrowers struggle to make payments

The last of the pandemic-era student loan benefits will be wiped out, cutting off four years of extra aid for borrowers, but advocates say it was never actually enough. The Biden administration's “infusion of capital” over the past year ended in early October, and borrowers will now be subject to penalties for missing payments. Advocates […]

Private student loan interest rates rise for 5-year terms and dip for 10-year terms

At Credible Operations, Inc. (NMLS No. 1681276, hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your financial situation. While we promote products from partner financial institutions from whom we receive compensation for our services, all opinions are our own. The latest private student loan […]

Federal judge delivers another blow to Biden’s student loan handout plan

A federal judge on Thursday extended a temporary restraining order blocking the Harris-Biden administration from forgiving billions of dollars in student loan debt. U.S. District Judge Randall Hall ruled that there was “sufficient cause” to extend for 14 days the Sept. 5 injunction that blocked the Department of Education's efforts to revoke $147 billion in […]

Private student loan interest rates drop for 5-year terms and rise for 10-year terms

At Credible Operations, Inc. (NMLS No. 1681276, hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your financial situation. While we promote products from partner financial institutions from whom we receive compensation for our services, all opinions are our own. The latest private student loan […]

Republicans plan to confront Biden’s small business chief on electioneering concerns, loan forgiveness

Exclusive: Republicans plan to grill Small Business Administration Administrator Isabella Casillas Guzman at a House hearing scheduled for Wednesday about the agency's actions regarding allegations of taxpayer-funded election activity in the battleground state of Michigan. Rep. Roger Williams, a Texas Republican who chairs the House Small Business Committee, said he plans to question Guzman directly […]

Navient banned from federal student loan servicing, fined $120M

The government's top consumer watchdog has banned Navient from servicing federal student loans and ordered the company to pay $120 million for allegedly defaulting on loans. The settlement announced Thursday comes nearly eight years after the Consumer Financial Protection Bureau (CFPB) sued Navient, a former division of Sallie Mae, in 2017. The CFPB accused the […]