Donna Fuscaldo

Donna Fuscaldo covers student loan news for LendEDU. She covers national, state, local, and even international topics to help borrowers stay up to date on the latest information. She has writen about personal finance, entrepreneurship, investments, and financial technology for over fifteen years. Her work has been featured on the Wall Street Journal, Investopedia, Bankrate, Forbes, and more.

Articles by Donna Fuscaldo:

29
Mar
Oregon Lawmakers Float Bill That Lets Borrowers Write Off Interest, Principal Paid on Student Loans

Student loan debt now stands around $1.4 trillion, impacting more than 43 million people in the U.S. alone. As it becomes more of a hotbed issue across the country, lawmakers are trying to come up with new ways to reduce the often crippling burden. Take some of the politicians in Oregon. With college graduates in […]

Posted in: Regional News, Student Loan News,
27
Mar
Two Companies Say They Won’t Charge Fees on Unpaid Student Loans After Department of Education Ruling

Despite the current Department of Education’s move that rescinded an Obama Era rule that prevents student loan servicers from charging fees on unpaid student loans, two loan servicers are sticking with the old practice. Last week, Great Lakes Higher Corporation & Affiliates and TG issued statements acknowledging the Department of Education’s change and saying that

Posted in: National News, Student Loan News,
23
Mar
Sallie Mae Announces the Details of 2017 Medical Residency and Relocation Student Loan

Tuition, room and board, and books aren’t the only costs that medical students who are approaching their last year of school have to worry about. They also have to contend with the costs of transitioning from medical student to doctor which often includes relocation, board examination fees, and other related costs. Aiming to alleviate some of that […]

Posted in: Industry News, Student Loan News,
22
Mar
Wyoming Senator Enzi Calls for Audit of Student Loan Programs

Last month, Wyoming Senator Mike Enzi called on the Department of Education to conduct a full audit of the government’s student loan programs. He cited errors found in a Government Accountability Office report,  as well as errors admitted by the Education Department from 2016 and this year including incorrect numbers for borrowers, enrolled in income-

Posted in: Regional News, Student Loan News,
20
Mar
A Retired Macon High School Teacher Cheated the Department of Education Out of Federal Funding

According to a press release on March 15 from the Middle District of Georgia, a federal grand jury indicted Queen Adeboyejo, a 63-year old former high school teacher from Southwest High School in Macon, Georgia, after pleading guilty to student loan fraud. Adeboyejo reportedly couldn’t get a Direct PLUS student loan from the Department of Education […]

Posted in: National News, Student Loan News,
17
Mar
More Than 40 Percent of Student Loan Borrowers Have a Negative View of Education Secretary DeVos

President Donald Trump vowed to shake up Washington, bringing in a cadre of non-government appointees to fill key cabinet spots. One of the most controversial of the group, especially to student loan borrowers, is Education Secretary Betsy DeVos who was narrowly confirmed by Congress after Vice President Mike Pence cast his tie-breaking vote. The history-making […]

Posted in: National News, Student Loan News,
15
Mar
Nearly A Quarter of Student Loan Borrowers Use Financial Aid for Cocktails

Need more evidence the nation has a real problem with student loan debt? Close to a quarter of borrowers are blowing some of their student loans on alcohol; new research from LendEDU finds. At a time when lawmakers across the country are clamoring for a surefire solution to the more than $1.4 trillion in student debt, student borrowers […]

Posted in: National News, Student Loan News,
13
Mar
Jamaica Reduces Student Loan Interest Rates, Still Higher Than United States Rates

Lowering interest rates on federal student loans is one of the many goals of student loan activists and lawmakers in the United States, but in Jamaica, it’s already becoming a reality. Last week, the Student Loan Bureau (SLB) in Jamaica signed off on plans to lower the interest rates on student loans. Finance Minister Audley Shaw announced in […]

Posted in: International Student Loan News, Student Loan News,
11
Mar
Netherlands has Something in Common With the United States: Skyrocketing Student Debt

Outstanding student loan debt in the Netherlands has reached a new record high of €17.6bn, 46 percent higher than the €12bn owed just five years ago, according to DutchNews.nl. Jan Sinnige, chairman of ISO, a student organization group in the Netherlands, said that rising student loan debt in the country is due to the new system […]

Posted in: International Student Loan News, Student Loan News,
08
Mar
Two House Reps Whose Districts Have Above Average Student Debt, Default Rates Introduce New Legislation

With our nation’s outstanding student loan debt now over $1.4 trillion, lawmakers are looking for new ways to combat the growing problem, including giving employers tax breaks for paying down a portion of their workers’ student loan debt. That’s the idea behind H.R. 795, a new bill introduced by Republican Rep. Rodney Davis of Illinois and Democrat

Posted in: National News, Student Loan News,