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The cost of the White House's student loan forgiveness plan is an estimate over a 30-year period and will add to the country's deficit, the Congressional Budget Office said in a report.
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In a letter to Biden, Republican governors say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."
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Can you get a refund on payments you made during the pandemic? How do you know if you made too much money to qualify? Answers to these questions and more.
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Amid President Joe Biden's announcement that his administration will be forgiving up to $20,000 in federal student loans, scammers may be looking to take advantage of borrowers.
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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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President Biden's plan will forgive up to $20,000 in student loan debt for qualifying borrowers. Here are three things you need to know.
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The measure would free some borrowers from debt incurred by spouses – sometimes abusive ones – and could lay a path toward loan forgiveness.
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A short-lived program in the early 2000s allowed married couples to consolidate their student loans for a lower interest rate. Now, they're missing out on thousands in loan forgiveness.
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Student loan interest rates reset every May. This year, they're on the rise.
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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.