Tag: student loan debt

The original CARES Act, which was signed into law by then-President Donald Trump in March of 2020 was created as a financial relief effort for individuals who were struggling to navigate the uncharted economic waters that were caused by the COVID-19 pandemic. While the initial plan was for the CARES Act to end in October…

This unfreezing of the student loan pause is becoming an increasingly difficult task to overcome – regardless of who’s involved – borrowers, lenders, lawmakers, and President Biden alike. The US Department of Education has agreed to renew 43 million student loan contracts with all previous lenders who held those accounts, but unfortunately, things aren’t as…

Student loan debt in the United States is currently $1.6 trillion and is estimated to surpass $2 trillion by 2024. With 40% of debtors predicted to default by 2023, a significant part of student debt is unlikely to be paid off. While the cost of higher education continues to skyrocket, and employers expect to hire…

Federal student loan debt forgiveness can only help so much 100% student loan debt forgiveness was on the agenda much earlier this year but seems unlikely now as the near-term goals of the Biden administration become clearer. The bottom line is that if you are planning to take out a federal student loan under the…