Student loan forgiveness

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.

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

Over 12,000 Alabamians eligible for student debt relief, says U.S. Department of Education

BY: - July 25, 2023

Over 12,000 Alabamians have had their student loan debt forgiven, the U.S. Department of Education said last week.  The borrowers had $550 million in debt relieved.  Most of those savings come from fixes to the income-driven repayment plan. Many long-time borrowers who were eligible for forgiveness did not have their debt forgiven, including those who […]

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 […]