Student loan forgiveness
Retailers pare back their seasonal hiring to prepare for ho-hum holidays
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 […]
Borrowers weigh personal, professional options as student loan payments resume
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 […]
Here’s what to know about new federal policies for repaying student loans
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 […]
Over 12,000 Alabamians eligible for student debt relief, says U.S. Department of Education
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 […]
More than 800,000 student loan borrowers to have debt forgiven, White House announces
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 […]
Missouri company at center of student loan lawsuit didn’t want to be part of it
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 […]