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Students and families could see significant changes to how student loans are repaid as well as cuts to federal student aid as congressional Republicans look to slash billions of dollars in federal spending to offset the cost of President Donald Trump’s sweeping agenda.
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Federal student loan borrowers number about 2.7 million in Florida and they owe more than $103 billion. Nationwide, more than 43 million borrowers owe a collective $1.7 trillion, according to the latest data, with the average amount per borrower topping $37,000.
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The latest student loan forgiveness plan, for certain borrowers enrolled in the SAVE replayment plan, will forgive $105 million of student debt for Florida borrowers.
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Borrowers who initially took out less than $12,000 in student loans could soon get them forgiven by the federal government. Under Secretary of Education James Kvaal explains to WLRN how — and says 'please apply.'
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Justice Amy Coney Barrett, who is assigned to the Seventh Circuit Court of Appeals, was the one who received the emergency application brought by a Wisconsin taxpayers group.
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Student debt cancellation is a prominent issue among young voters, but it's not the sole driving issue organizers are pushing before Election Day.
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Undergraduate students whose household income is less than $100,000 will not have to pay anything to attend Princeton University, the school said.
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“Teachers are out there making some, you know, not not altogether decent salaries compared to a lot of others. And so that group in particular, certainly would benefit from having some relief from their loans because of their already low salaries.”
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The U.S. Department of Education unveils a plan to help millions of borrowers who have been hurt and held back by its troubled income-driven repayment plans.
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The Biden administration extended the freeze on student loan payments yet again, this time until September, and announced a reset for borrowers in default.
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Many of the lowest-income federal student loan borrowers have had their hopes of debt cancellation delayed or derailed as a result of mismanagement, NPR found.
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Emmy Ross has a bunch of student debt, so when callers offered to help have the loans forgiven, she was immediately interested. The problem? They were scams.