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Covid Relief Legislation May Trigger Higher Student Loan Fees—But Here's Why You Shouldn't Worry Just Yet
The Office of Management and Budget say fees on federal student loans may automatically increase in the 2021 fiscal year because of mandatory sequestration.
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Biden Administration Considers Student Loan Forgiveness Up to $10,000
President Joe Biden continues to look for a way to fulfill a campaign promise – forgiving federal student loan debt up to $10,000. Nearly 45 million borrowers owe $1.71 trillion in federal student loans.
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The Student Debt Forgiveness Debate Highlights Racial Gap in What Borrowers Owe
This racial student debt gap is one reason legislators are advocating for significant student debt relief.
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Offers to Refinance Your Student Loans for Cash Might Not Be a Good Deal—Here's What Experts Say
You may have received an offer to refinance your student loans or seen ads offering deals. But experts say there are several things to consider before
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Millions of Americans Are Behind on Their Student Loans—How It Impacts Debt Forgiveness
Experts estimate that some student loan debt will never be repaid — here’s how that impacts debt forgiveness considerations.
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Biden Rules Out Canceling $50,000 in Student Debt — But Schumer and Warren Plan to Keep Pushing Him
President Joe Biden said he is still willing to forgive up to $10,000 in student debt, but did not say whether he would take executive action.
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‘I Will Not Make That Happen': Biden Says He Will Not Support $50K in Student Debt Forgiveness
House and Senate Democrats have repeatedly urged President Joe Biden to “broadly” forgive up to $50,000 of federal debt through executive order.
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56% of Americans Support $10,000 in Student Debt Forgiveness—But Just 13% of College Students Believe It Will Happen
A majority of Americans support $10,000 in federal student loan forgiveness.
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Democrats Ramp Up Pressure on Biden Administration to Cancel Up to $50,000 of Student Debt
Democrats led by Schumer and Warren are reintroducing a resolution calling on Biden to cancel student debt through executive action.
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If You Have Student Loans, It May Affect Your Ability to Buy a Home—Here's How
Having student loans doesn’t automatically disqualify you from buying a home, but they can make the process more challenging. Experts break down how.
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Joe Biden's Student Loan Plan Offers Some Relief, But Doesn't Get to the Root of the Problem
Joe Biden has promised to tackle America’s $1.6 trillion student debt crisis, starting by extending the nearly year-long pause on federal loan payments. LX News welcomed student loan debt expert Robert Farrington of The College Investor, who says forgiveness won’t solve the problem of rising college costs and explains the reforms needed to stop the ongoing crisis.
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How the HEALS Act Compares to the HEROES Act
Two proposals — one from the House, one from the Senate — take vastly different approaches to coronavirus stimulus.
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Coronavirus Relief Bill Makes It Easier for Companies to Pay Down Workers' Student Loans
The latest stimulus package gives companies a tax incentive to pay off their employees’ student loans. Here are the details.
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Making the Case for President-Elect Biden to Cancel All Student Debt
Attorney and former Democratic candidate for Congress Qasim Rashid made the case in an NBC News opinion column for why the Biden Administration should ask Congress for a bill to cancel all student debt. Rashid joined LX News to explain how canceling student loans would benefit all aspects of the economy and why our higher education system needs to be...
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U.S. Student Debt Has Increased by More Than 100% Over the Past 10 Years
In 2020, Americans collectively owed over $1.7 trillion in student debt for the first time.
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New Coronavirus Stimulus Bill Does Not Include Student Loan Relief—Mandatory Payments Are Set to Resume in February 2021
If the pause is not extended, student loan borrowers will be required to resume making payments in February of 2021.
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The Budget Breakdown of a Teacher Earning $58,000 a Year Who Paid Off Her Student Loans and Bought a House in Dallas
Lani Huang, 25, has achieved some major milestones in a few short years: She paid off her student loans, moved to a new state and bought her first house.
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House Democrats Propose Forgiving Up to $50,000 in Student Debt—Here's What's in the Resolution
The resolution recommends that President-elect Biden use his executive authority to offer significant student debt forgiveness.
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How to Calculate How Much You Are Paying in Student Loan Interest Each Month
Just follow these three steps to estimate how much you pay.
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Despite Covid Cases Rising, More Colleges Plan to Reopen in the Spring
A steep drop in enrollment has caused many colleges and universities to reconsider remote learning.