Tag: student loans

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…

During the 2020 Presidential Election, the possible student loan pause Biden touched upon was one of the critical topics debated among the candidates. Now, roughly a year into the Biden presidency and with the nation’s economy still trying to overcome the effects of the COVID-19 pandemic, President Biden’s promises of student loan forgiveness are under…

According to information sourced from Education Data, student loan debt in the United States totals $1.73 trillion and is growing at a rate six times that of the national economy’s GDP.  That’s a staggering statistic, but this alarming trend is likely to continue due to the relative ease of taking out a student loan. Student…

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…