Will President Biden extend the pause on student loan payments? Borrowers left wondering as deadline draws closer

The pause on federal student loan payments is set to expire at the end of this month, but despite the looming deadline, millions of Americans do not have guidance as to whether those payments will actually resume for the first time in more than two years.  Federal student loan payments have been on hold for … Read more

He earns $90,000 a year and rents out half his home for additional income. Can this 27-year-old buy a second property?

A homeowner at 27, Ben is looking ahead to the future, already considering how he could upgrade to a larger home when it comes time to start a family. But with a mortgage rate of 1.84 per cent, he’s concerned about what might happen in three years’ time when his rate is up for renewal. … Read more

The Aging Student Debtors of America

On a warm October evening, in 1932, Franklin Delano Roosevelt stood in a baseball field in Pittsburgh, delivering an impassioned speech about passion’s improbable subject: the federal budget. “Sometime, somewhere in this campaign, I have got to talk dollars and cents, and it’s a terrible thing to ask you people to listen for forty-five minutes … Read more

Settlement would forgive $6B in student loans for defrauded college students

The Biden administration has agreed to cancel $6 billion in student loans for about 200,000 former students who say they were defrauded by their colleges, according to a proposed settlement in a Trump-era lawsuit. The agreement filed Wednesday in San Francisco federal court would automatically cancel federal student debt for students who were enrolled at … Read more

Pharrell Williams Pays Off Student Debt Of NAACP Youth Leaders

Musician and music producer Pharrell Williams surprised five NAACP youth leaders Friday by announcing he was paying off their student debt. He announced the gift during a panel event addressing the Black student debt crisis, organized by the NAACP in Washington, D.C. The “Happy” singer is in D.C. hosting the Something in the Water music … Read more

Community College of Philadelphia to forgive $1.4 million in student debts

The Community College of Philadelphia is paying off students’ unpaid account balances for the second year in a row.  The college is using $1.4 million in federal funding to forgive the debts of 1,900 students who were enrolled during the 2021 summer and fall semesters. Last summer, CCP used $2.75 million to cover the debts of nearly … Read more