Senators Elizabeth Warren and Chuck Schumer say U.S. ought to instantly cancel $50,000 in student loans for thousands and thousands of debtors

Senate Minority Leader Chuck Schumer (D-NY) and Sen. Elizabeth Warren (D-MA) are calling for the cancellation of $50,000 in student debt for all federal student loan debtors. (Photo by Drew … Read More

Trump curious about extending suspension of student-loan funds as advocates warn: ‘Economic disaster has no finish in sight’

In a briefing Thursday, President Donald Trump stated he was trying to pause student-loan funds for added time. (Photo by Alex Wong/Getty Images) Alex Wong/Getty Images President Donald Trump is … Read More

7 methods school students can get aid through the pandemic

Colleges nationwide are closing their doorways and shifting to online-only studying amid the coronavirus pandemic. If you’re left within the lurch, the federal stimulus gives some student loan aid, however you’ll … Read More

$2 trillion coronavirus stimulus package deal lets some student-loan debtors delay funds for six months

Student-loan debtors struggling to make funds because the coronavirus cripples components of the U.S. economic system will get a short lived break underneath the $2.2 trillion stimulus package deal President … Read More

I’m 26, make $85,000 a 12 months — however have $120,000 in student loans and no financial savings. Should I cease contributing to my 401(ok) to dig out of debt?

I’m a 26-year-old software program engineer with an M.B.A. incomes $85,000 a 12 months, and my take residence pay is roughly $3,700 a month. I contribute 8% to my 401(ok) … Read More

The student loan system is so sophisticated even the consultants have bother figuring it out

As director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, Persis Yu spends her days doing just about precisely what her title implies — engaged on behalf … Read More

Feds sue student loan large Navient

A authorities watchdog is accusing the nation’s largest student loan servicer of mistreating debtors. In a lawsuit filed Wednesday, the Consumer Financial Protection Bureau (CFPB) claimed that Navient NAVI, +1.07% … Read More