News
Gen X Debt Crisis May 18: Student Loans Hit $48 K Average
2+ hour, 8+ min ago (334+ words) Gen X carries highest average student loan debt at $48, 203 for ages 50-61. Sandwich generation faces triple burden: mortgages, aging parents, and children's college costs. About 6. 4 million federal borrowers in Gen X struggle with debt repayment. The burden intensified as these borrowers…...
What is INvest Ed? Indiana's own student loan provider could see a surge in demand
8+ hour, 54+ min ago (939+ words) A little-known nonprofit created by Indiana lawmakers more than four decades ago could become a major lender for student loan borrowers. The Indiana Secondary Market for Education Loans " which operates under the name INvest Ed " issues private student loans at…...
When 'no one is minding the store' for student-loan borrowers - AOL
1+ week, 6+ hour ago (1135+ words) This is the second story in Business Insider's new series, "Student debt spiral," examining the companies, policies, and financial pressures reshaping how Americans navigate college loans. Read the first, about what happens when borrowers are told their loans are paid…...
4 things retirees should do immediately after receiving a garnishment notice - AOL
4+ day, 51+ min ago (354+ words) But while receiving a garnishment notice can feel overwhelming, retirees may have more options than they realize. The steps taken in the hours and days after receiving that notice can play a major role in determining how much income is…...
How To Decide If It's Time To Refinance Your Student Loans: Every Pro and Con - AOL
5+ day, 21+ hour ago (1091+ words) The concept of owing a lot of money because you had to learn how to make an average amount of money can feel counterintuitive and rightly so. However, refinancing your student loans can be a smart way to lower your…...
The Trump administration changed the rules on student loan forgiveness. Here's what that means for your repayment strategy - AOL
3+ hour, 48+ min ago (724+ words) Millions of Americans counting on income-driven repayment plans to eventually wipe out their student loan debt may be in for a shock. Recent policy shifts, including some enacted by President Trump's One Big Beautiful Bill Act, strip student loan forgiveness…...
The Trump administration changed the rules on student loan forgiveness. Here's what it means for your repayment strategy
4+ hour, 16+ min ago (424+ words) New rule changes to student loan forgiveness could impact millions of Americans. Here's what plans changed, what new plans are coming and what it could mean for you....
Big changes arrive July 1 for student borrowers, including in loan repayments
11+ hour, 38+ min ago (1070+ words) The U. S. Department of Education on Feb. 20. WASHINGTON " The federal student loan system is set to see a dramatic overhaul beginning this summer, and critics warn it likely will make loans more expensive and difficult to obtain for borrowers " driving them…...
Do enrollment management strategies lead to high debt for poor families?
12+ hour, 38+ min ago (958+ words) The author of a New America report argues efforts to maximize enrollment have left many lower-income families relying heavily on Parent PLUS loans. Congress created the Parent PLUS loan program in 1980 to "provide high-wealth families with a low-interest loan option…...
How a 'glitch in the system' landed a student-loan borrower in court
1+ day, 7+ hour ago (869+ words) Hannah Bates didn't believe the email. "Congratulations! We received the final payment on your loan," read the surprise message from Sallie Mae, her student loan lender. It was October 2024, and Bates owed Sallie Mae $55, 000, with years of payments remaining. She…...