During the 2020 presidential campaign, then-candidate Joe Biden pledged a student loan forgiveness plan. Biden's proposal came as Congress approved and Donald Trump signed the CARES Act, which paused payments and interest for borrowers in the midst of the COV...
You can also qualify to have your remaining balance forgiven if you qualify for an income-driven repayment (IDR) plan. The SAVE plan, for example, will offer loan forgiveness after 10 to 25 years, depending on your original loan balance and type of loan. T...
The administrative forbearance was instituted in 2020 in response to the COVID-19 pandemic and has been extended multiple times. Loan payments are now set to resume 60 days after either the forgiveness program is implemented or the Supreme Court rules on the matter. The new extension, accordin...
COVID-19Personal FinanceSensitiveDebt ManagementLawStudent LoansFinancial PlanningPolitics By Jeffrey Quiggle Jeffrey Quiggle is an editor and reporter for TheStreet. He writes about personal finance, real estate, retirement savings, 401(k)s, Social Security, ...
As the White House’s student loan forgiveness program faces ongoing legal battles, refund checks are being sent to borrowers who made student loan payments during the COVID-19 pandemic. The checks come after the CARES Act paused payments for federal student loan borrowers during the COVID-19 ...
Student loan forgiveness? Here’s where the US stands (NEXSTAR) – For over two years, most federal student loan borrowers haven’t had to make a monthly payment after both Trump and Biden enacted pauses in response to the COVID-19 pandemic. Now, with payments (possibly) beginning again ...
In afriend-of-the-court brieffiled with the court, law professors Samuel Bray of Notre Dame Law School and William Baude of the University of Chicago Law School argue that while they believe the student loan forgiveness program is unlawful, the standing theories put forth in the two cases "...
The "economic and political significance" of the loan forgiveness plan, Roberts wrote, "is staggering by any measure." "Today, we have concluded that an instrumentality created by Missouri, governed by Missouri, and answerable to Missouri is indeed part of Missouri; that the words 'waive or mo...
Student loan forgiveness first became tax-free at the federal level in March 2021 due to a provision included in the $1.9 trillion federal Covid-19 stimulus package that Biden signed into law. U.S. President Joe Biden speaks at the Pieper-Hillside Boys & Girls Club in Milwaukee, Wiscons...
Learn about the best options for student loan consolidations. The Great Recession and COVID-19 pandemic made it more difficult to pay off college debt, but when interest rates are low, or at least lower than your existing loans, it is a good time to refinance student loans....