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 […]
Florida Republican, Democrat team up to tackle student loan debt as Biden-Harris forgiveness bids derail
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Arsenal sign Raheem Sterling on loan as Jadon Sancho agrees Chelsea move | Transfer window
Arsenal have strengthened their title challenge after rescuing Raheem Sterling from exile to Chelsea, who are set to bolster their winger ranks with the signing of Jadon Sancho from Manchester United on loan with an obligation to buy, but manager Enzo Maresca's hopes of signing a striker were thwarted by the club's failure to sign […]
Supreme Court rejects Biden bid to restore student loan bailout
The Supreme Court ruled Wednesday against President Biden's attempt to reinstate student loan benefits, at least for now. The Supreme Court rejected a request by the Harris-Biden administration's Department of Justice to lift an injunction issued by a lower court that halted the write-offs while a lawsuit challenging the plan works its way through the […]
A student loan debt tsunami is coming. Here's how to minimize the impact.
By the end of September, the federal government's efforts to collect from late student loan borrowers wereresumeA few years later. Almost.6 millionBorrowers roughly the size of Colorado’s population will once again face hefty financial penalties under the default system and a tough road to paying off their outstanding debts. The available data paint a clear […]