The new plan has a troubling feature that could cause student loan payments to arbitrarily jump after borrowers experience a small pay raise.
Eventually, the changes will streamline the system and reduce the number of repayment options, but right now, trying to understand what’s happening is a little like staring into a bowl of alphabet ...
It's been a confusing time for people with student loans. Collections restarted, then were put on hold. At the same time, borrowers had to stay on top of changes to key forgiveness plans. Last year, ...
Some student loan borrowers began receiving notices this month that their loan balances are being reduced. Here's why, and ...
Parents with student debt may be excluded from affordable repayment plans and loan forgiveness in the coming months if they ...
The Department of Education s preparing to resume collections on defaulted federal student loans for the first time since 2020 - which can include ordering employers to withhold up to 15 percent of a ...
But new federal rules usher in two major changes to Parent PLUS loans. First, parent borrowing will now be capped at $20,000 per year and $65,000 total for each student. Second, parents will no longer ...
STUDENT LOANS, LISTEN UP. THERE ARE A NUMBER OF CHANGES BEING MADE TO REPAYMENT PLANS. AND THERE ARE SOME NEW PLANS AS WELL. IT’S ALL PART OF THE RECENTLY PASSED GOVERNMENT SPENDING BILL. THE ...