College debt

A pink sign with white lettering saying "Black Friday/40% off everything/ 50% off really big deals). The sign stands in a mall.

Retailers pare back their seasonal hiring to prepare for ho-hum holidays

BY: - November 23, 2023

Black Friday shoppers may notice longer lines and fewer retail associates in some of their favorite stores than in past holiday seasons as retailers scale back seasonal hiring over concerns about consumer spending. JCPenney is hiring 12,000 fewer workers than last year. Macy’s 3,000 fewer. Meanwhile a Walmart executive said the retail giant has been […]

A line of college graduates holding diplomas.

Borrowers weigh personal, professional options as student loan payments resume

BY: - November 3, 2023

Justin Brown, a father of a 2-year-old who lives with his wife in the St. Louis, Missouri area, has $20,000 in student loan debt. Before the pause on loan payments at the start of the pandemic in 2020, he paid $300 a month. But now that Brown has a family, his financial responsibilities have grown […]

College graduates wearing caps and gowns await a graduation ceremony.

White House provides another $9 billion in student debt relief as pandemic pause ends

BY: - October 4, 2023

WASHINGTON — As federal student loan repayments restart, the Biden administration Wednesday announced an additional $9 billion in student loan forgiveness for 125,000 borrowers. “For years, millions of eligible borrowers were unable to access the student debt relief they qualified for, but that’s all changed thanks to President Biden and this Administration’s relentless efforts to […]

Protesters holding signs say "Cancel Student Debt" and "Thank You President Biden For Extending the Pause on Studengt Loan Payment."

Student debt relief scams on the rise. Here’s what borrowers need to know.

BY: - October 2, 2023

Complaints about student debt relief scams are increasing as the date approaches for borrowers to restart payment on their student loans after more than a three-year pause. Consumer protection advocates say that the Biden administration’s student debt relief efforts, the subsequent halting of those policies by the courts, and the restart of student loan payments […]

College graduates wearing caps and gowns await a graduation ceremony.

Here’s what to know about new federal policies for repaying student loans

BY: - August 22, 2023

WASHINGTON — Following the Supreme Court’s summer ruling against 40 million federal student loan borrowers who would have qualified for debt relief, the Biden administration crafted a-year-long delay in repayments. The policy, known as an on-ramp, is set to begin next month. Additionally, hours after the Supreme Court’s decision, the Department of Education unveiled a […]

A form labeled "Student Loan Application," surrounded by (clockwise from top right) a calculator; a red pair of reading glasses; a notepad and a fountain pen.

More than 800,000 student loan borrowers to have debt forgiven, White House announces

BY: - July 14, 2023

WASHINGTON — The Department of Education and the White House announced Friday that more than 800,000 federal student loan borrowers will have their remaining debt wiped out. The $39 billion in debt relief will come through fixes to mismanagement of the agency’s income-driven repayment plans. Many long-time borrowers, including those who had been making payments […]

A stack of gradually rising pennies ending in a jar with a graduation cap on it.

Missouri company at center of student loan lawsuit didn’t want to be part of it

BY: - July 4, 2023

At the center of the U.S. Supreme Court decision striking down Joe Biden’s student loan forgiveness program on Friday was a little-known Missouri nonprofit that goes by MOHELA. Based in St. Louis, the Missouri Higher Education Loan Authority is a quasi-governmental entity created by state lawmakers in 1981 to service student loans. And when former […]

Student loan borrowers hold signs thanking President Joe Biden for canceling debt outside the State House.

US Supreme Court rules against Biden administration student loan debt relief plan

BY: - June 30, 2023

WASHINGTON — The U.S. Supreme Court on Friday ruled that the Biden administration does not have the legal authority to enact a one-time student debt relief program, dealing a blow to the 40 million Americans who would have qualified. Last year, the Biden Administration rolled out a debt forgiveness plan for borrowers with federal student […]

A glass entrance to Bryant-Denny Stadium in Tuscaloosa, with a bronze statue holding a University of Alabama flag.

University of Alabama system freezes tuition for 2023-24 in-state students

BY: - June 14, 2023

The University of Alabama system Board of Trustees will keep tuition unchanged for resident Alabama students for the 2023-24 school year.  Estimated in-state tuition for University of Alabama students in the 2022-23 school year was $11,100. Out-of-state tuition is $31,460. For the University of Alabama Birmingham (UAB), estimated in-state tuition was $11,040. Out-of-state-tuition was $26,550. […]

College graduates wearing caps and gowns await a graduation ceremony.

U.S. Senate votes to block student loan relief, White House will veto

BY: - June 1, 2023

WASHINGTON — The U.S. Senate on Thursday voted to overturn the Biden administration’s one-time student debt relief plan that is on hold due to a pending Supreme Court decision. President Joe Biden has vowed to veto the resolution, but the 52-46 vote forced vulnerable Senate Democrats up for reelection in 2024 to take a public […]

Student loan borrowers hold signs thanking President Joe Biden for canceling debt outside the State House.

Biden student debt relief plan revoked in U.S. House vote

BY: - May 24, 2023

WASHINGTON — The U.S. House on Wednesday voted to overturn the Biden administration’s one-time student debt relief plan that is currently on hold awaiting a Supreme Court decision expected within weeks. Before the 218-203 vote on the resolution, the the White House said President Joe Biden would veto it, arguing that the U.S. Department of […]

Miguel Cardona speaking

U.S. House GOP questions education secretary on transgender athletes, student loans

BY: - May 17, 2023

WASHINGTON — U.S. House Republicans on Tuesday grilled the secretary of education about student debt cancellation and protections for transgender student athletes during a lengthy hearing on the president’s proposed budget request for the Department of Education. While the subject of the five-hour House Education and the Workforce Committee hearing was the fiscal 2024 budget […]