The president is trying to balance his campaign promise to cancel thousands of dollars in student debt for tens of millions of borrowers with concerns such a move would be seen as a handout.
Consumers can expect to pay more for some of life’s most common kinds of borrowing.
Inflation is upending voter confidence and posing a glaring political liability that looms over the Biden administration’s major policy decisions.
Jonathan Malesic responds to readers concerned about the breakdown in college students’ learning since Covid
The Education Department said it would wipe out the debts of 560,000 borrowers who had enrolled in the for-profit college chain, which collapsed in 2015.
Millions took out student loans for programs they did not complete. For some, debt cancellation would be life-changing. For others, it would hardly make a dent.
The Biden administration plans to offer those with loans in default a fresh start. It would help borrowers and the government alike.
Student loan debt is an albatross around the Democrats’ neck.
Biden’s $10,000 in relief isn’t enough.
Canceling student debt won’t fix what’s wrong with higher education.
Whatever the cost of any student loan cancellation program, it’ll just be money we should have spent on higher education in the first place.
Readers ponder an impending horrible milestone. Also: Grief in our times; college debt; policies and public opinion; students’ letters.
With the debate over students loans, are we trying to confirm the stereotype that Democrats serve the needs of educated elites and ignore everyone else?
America’s social mobility machine is broken.
Graduates can’t repay their loans if they don’t learn anything useful in school.
College debtors aren’t a privileged class.
President Biden said the amount would not be $50,000 per borrower, which some Democrats and advocates are pushing for as a way to address economic and racial disparities.
Some advocates believe President Biden’s repeated extensions of the repayment pause, now set to end Aug. 31, could force his hand on loan forgiveness.
A set of piecemeal fixes is intended to address longstanding administrative failures by the government’s loan servicers.
America’s two-year experiment in debt deferral has had unintended consequences.
The change will benefit more than seven million struggling borrowers — but loan servicers have no idea yet how it will work.
The administration is in a tight spot as fast inflation makes households unhappy. Trying to offset price pain risks can risk stoking demand.
Did you make money on GameStop? Miss a stimulus payment? Have a student loan forgiven? Let our guide fill you in.
Elliott Sterling of Louisiana falsified nearly 200 financial aid applications and spent at least $250,000 of the money at casinos, prosecutors said.
Rates on credit cards, savings accounts and different kinds of loans move when the Fed changes its benchmark rate. Here’s what you need to know.
As student loan debt continues to pile up, the question has never been more urgent.
The settlement was portrayed as a win-win for 39 states and the loan giant Navient. But thousands who received predatory loans will still have to pay.
Readers respond to an essay by Tara Westover, the author of “Educated,” about college education and the American dream.
Poverty warps the way we see the world: Every broken promise from a politician reinforces the feeling that we live in a system designed to thwart those who most need its help.
Flick that pen, Joe.
Waves of borrowers in the federal Public Service Loan Forgiveness program are seeing their debts go to zero. Here’s how six of them finally got there.
The student loan servicer agreed to cancel $1.7 billion in private student loan debts for nearly 66,000 borrowers and to pay $95 million in restitution.
The Biden administration, under pressure from Democratic lawmakers, announced a three-month extension, citing the ongoing pandemic.
Loan payments are about to resume for tens of millions of borrowers. Here’s how to navigate the end of the payment pause — and how to get into a more affordable plan if you need it.
Laura Oglesby, 48, of Missouri, who pleaded guilty to intentionally providing false information to the Social Security Administration, lived as someone nearly half her age, the authorities said.
A deserving group of dedicated people has been left out of the government’s latest patch for the Public Service Loan Forgiveness program.
The sociologist Louise Seamster discusses America’s student debt crisis and how higher education contributes to the racial wealth gap.
Hundreds of thousands of borrowers with so-called F.F.E.L. student loans, people who paid late and military members could now get credit for years of payments toward erasing their debts.
The sweeping changes will help more than a half-million public service workers who had thought they were paying down their debt for years.
Even without the blanket forgiveness that progressives have pushed, the administration has sped up and broadened its relief efforts before borrowers are set to resume payments in January.
A new report measures the “return on investment” offered by various higher education programs.
Stop it with the ageism and delusions of invincibility. Young adults often don’t recognize the bad checks coming at them, or fake job offers, either.
We picked 20 truly essential money lessons, paired with simple tasks for you to take on.
The popular parent PLUS loans are made without regard to the ability of borrowers to repay, and have fewer protections when they can’t.
Richard Cordray, who led the federal Consumer Financial Protection Bureau under President Obama, was appointed on Monday as chief operating officer of federal student aid in the Education Department.
Income-share agreements are gaining popularity, but a new analysis highlights how calculations of what borrowers owe can disadvantage minorities.
The loans have ensnared hundreds of thousands of students, who aren’t protected by the same government safeguards carried by federal loans.
Readers discuss an Op-Ed by a woman “drowning” in debt and whether there should be loan forgiveness.
Education Dept. documents filed in federal court describe a process that denied 130,000 claims from borrowers who say schools misled them.
Millions of Americans were forgotten when Congress extended protection for student loan holders. I’m one of them.