A Republican congressman is leading a new bipartisan bill in the House of Representatives that would give married student loan borrowers a larger tax deduction on their loans. Why It Matters More than 42 million Americans have student loan debt, which has been a sticking point between Democrats and Republicans in recent years. Former President
Entering young adulthood saddled with debt has become standard for many who want an undergraduate degree, sometimes to the tune of tens-of-thousands of dollars. Around 45% of 2025 high school graduates will go on to a four-year college, according to NerdWallet analysis, and more than one-third of them will take on student loans to pay for their
Student borrowers could see credit scores drop for late loan payments Nearly 9.7 million student loan borrowers will see drops in credit scores, according to the Federal Reserve. Straight Arrow News Student loan collections will resume May 5th after a five-year pause. Millions of borrowers risk wage garnishment, impacting social security and tax returns. Defaulting
Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. The Department of Education provides money to local school districts. It spends billions of dollars on special education. But more than anything else? It operates like a bank. More than 40 million Americans are
Some of President Donald Trump‘s recent education initiatives and tentative plans, including the potential dismantling of the Department of Education (DOE) and subsequent restructuring of student loan programs, reflect similar recommendations outlined in Project 2025, a conservative policy agenda he previously sought to distance himself from. Newsweek has reached out to the DOE and White
FARGO, N.D. (KVRR) –With the future of the Department of Education uncertain, concerns have begun to rise over student loans. The concerns come after the pause on the “SAVE” plan. Currently borrowers are no longer able to apply on any income driven or extended repayment plan on their student loans. With more than 42 million
Employers can now help borrowers pay off student debt Student loans have become a $1.8 trillion burden for millions of Americans. A new law signed by President Biden may help borrowers pay off their loans while saving for retirement. Bloomberg – Quicktake Did you wake up to an email on Friday stating your student loans