National News

11
Jul
‘Paid Off’ Game Show Wants to Pay Off Your Student Loans

TruTV's "Paid Off" quiz show will look to help student loan borrowers hampered by student loan debt. For students looking to pay off their student debt, help could be on the way with TruTV’s “Paid Off” show. With an inaugural air date of July 10, the new TV quiz show aims to help college graduate contestants […]

Posted in: National News, Student Loan News,
03
Jul
The Downside of Student Loan Forgiveness: A Huge Tax Bill

Student borrowers that get loan forgiveness after using an income-driven repayment plan may be subject to a large tax bill. Students looking for student loan debt relief might also find themselves with an unexpected tax bill. These one-time tax bills are a component of the Education Department’s income-driven repayment plans.Created in 2007, one version of the

Posted in: National News, Student Loan News,
02
Jul
New Bill Would Help Borrowers in Student Loan Default Keep Their License

In Washington D.C., U.S. Senators Rubio and Warren have gotten together to introduce a bill meant to protect student loan borrowers. Losing your license can be one of many bad things that happen when you default on your student loans. However, many struggling borrowers might be able to stop fearing that loss if a new bill […]

Posted in: National News, Student Loan News,
28
Jun
Rising Number of MBAs But Fewer Entrepreneurs

A recent article by Quartz uncovered that young Americans are increasingly staying away from opening their own small businesses.While the number of students who obtain Masters of Business Administration degrees, also known as MBAs, has been climbing since 2000, that increase hasn’t led to more entrepreneurs. Not many of the 1.9 million graduates in the […]

Posted in: National News, Student Loan News,
27
Jun
Some Judges Push to Ease Bankruptcy Rules for Student Loan Debt

A recent story from The Wall Street Journal revealed that bankruptcy judges are showing leniency towards student loan debt. Student loan debt is notoriously difficult to get discharged in bankruptcy. But there’s potentially good news for student debtholders: some bankruptcy judges have reportedly been showing leniency toward canceling debt.The judges in questio

Posted in: National News, Student Loan News,
12
Jun
Financial Aid Award Letters Can Be Hard to Understand

A recent analysis by New America and uAspire found that financial aid letters can be quite confusing. For some incoming college students, the hard part isn’t getting that acceptance letter – it’s figuring out what the financial aid award letter means if you believe an analysis by New America and uAspire. Analyzing more than 11,000 of […]

Posted in: National News, Student Loan News,
07
Jun
Department of Education Drops Private Debt Collectors – Here’s What to Expect

The Department of Education recently announced that they would be cutting ties with private debt collectors.The Trump Administration’s Education Department recently announced its plans to cease having private debt collectors collect late student loans. Currently contracted student loan servicers will take over those duties instead of outsourcing them to private companies

Posted in: National News, Student Loan News,
02
Jun
Judge Pauses Former Corinthian Colleges Students’ Loan Payments

Ex-Corinthian College students may be happy to read that the Department of Education will temporally stop collecting loan debts. Thousands of students who went to Corinthian Colleges and filed a lawsuit for student loan relief scored an important victory last month. The presiding judge acted to temporarily stop the U.S. Department of Education from collecting loan [&h

Posted in: National News, Student Loan News,
25
May
New US Household Economic Report Offers Insight on the Cost of College

A new U.S. household economic report found that those with a bachelor's degree are doing better financially. The Federal Reserve examined the U.S. household economic well-being for 2017 and released the results this month. The section on higher education shines some light on statistics about college as well as the value of a college education.Is College […]

Posted in: National News, Student Loan News,
19
May
Federal Student Loan Rates Are Going Up – Here’s What to Expect

Student loan borrowers can once again expect to see interest rates rise on federal student loans. Beginning this fall, college students should expect to pay more on their student loans - interest rates are expected to rise.Students will see interest rates on their federal student loans rise by over half a percent thanks to the May […]

Posted in: National News, Student Loan News,