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The pandemic-era relief provided by the student loan payment moratorium ended in 2023, and by 2024, borrowers were back in the routine of paying their college debt — with interest.
Federal student loan debt increased 267.1% between 2006 and 2023, according to the Education Data Initiative. In December, the House introduced legislation to increase the deduction limit to ...
The future of student loan debt for millions of Americans hangs in limbo. The Supreme Court will hear arguments in February to decide whether the Biden administration went beyond its authority with...
The Biden administration has started rolling out a series of programs and initiatives to lighten the burden of student loans and make the repayment process more equitable and manageable. For those ...
A borrower is a "new borrower" if, when receiving a federal student loan on or after October 1, 2007, the borrower did not have an outstanding balance on another federal student loan. [3] The Revised Pay As You Earn Plan is available to all Direct Loan borrowers regardless of when the money was borrowed.
The average student borrows more than $30,000 to pay for a bachelor's degree, according to the Education Data Initiative. What's worse, it takes the average borrower about 20 years to pay off their...