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Writing for Forbes, student loan attorney Adam S. Minsky claimed that regardless of when the Supreme Court comes to its decision, the justices will need to carefully address two key legal ...
President Joe Biden began working on his revised student loan relief plan after the Supreme Court blocked its first program in June 2023. The updated policy targets several groups of borrowers for ...
The type of student loan(s) you have: Private lenders may or may not offer deferment or forbearance options, and the rules and eligibility requirements could look drastically different from ...
In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
Millions of Americans who are behind on their student debt may face a financial shock next year: The federal government is expected to start collecting on defaulted loans for the first time since ...