Student Loan News

18
Jan
American Career Institute Students Have Their Federal Student Loans Discharged

  For-profit higher education institutions have been under fire in recent years as the government accuses some of them of overcharging and under delivering, leaving countless students jobless and with student loan debt. Many are forced to suffer in silence, but students at the now defunct American Career Institute or ACI are getting their loans discharged. Late

Posted in: National News, Student Loan News,
17
Jan
Maine Launches New Tool to Help Borrowers Consolidate Loans, Get Private Loans

With nearly two-thirds of college students in Maine staring at a student loan bill each month and with them owing on average $30,098, the seventh highest in the country, Maine is trying to educate borrowers on the impact student loan debt can have. It’s also trying to give borrowers ways to reduce their monthly bills. Earlier this […]

Posted in: Regional News, Student Loan News,
17
Jan
MD Governor Hogan Wants Student Loan Debt Interest Written Off

Some of the knocks on student loans are the debt can never be discharged, the interest rate can’t be written off, and the government can garnish wages and other benefits if federal loans aren’t repaid. All of that creates a tough situation for countless borrowers around the country, but Maryland Governor Larry Hogan is aiming to fix […]

Posted in: Regional News, Student Loan News,
17
Jan
Virginia Democrats Want to Refinance Student Loan Debt for Residents

With the nation collectively owing $1.3 trillion in student loan debt, lawmakers around the country are trying to come up with ways to make a lasting dent in that massive debt pile. Democrats in Virginia think they have the answer, announcing last week a plan to bring the Virginia Education Loan Authority back to life and giving it [&hel

Posted in: Regional News, Student Loan News,
16
Jan
Earn Straight A’s in Florida and You Might Get a Free Ride to College

Earning straight A’s in high school has more benefits that getting accepted into a good school and landing scholarships. It can get you a free ride, granted that you live in the state of Florida. Last week, Florida Senator Bill Galvano introduced a bill into legislation dubbed the “Florida Excellence in Higher Education Act.” It aims […]

Posted in: Regional News, Student Loan News,
16
Jan
President-Elect Trump’s Secretary of Education Pick Grilled by Senate

With a few days left until President-Elect Donald Trump takes office, all eyes will be on Betsy DeVos, Trump’s pick for U.S. Secretary of Education, who will appear on Capitol Hill Tuesday for Senate confirmation hearings. DeVos is a billionaire businesswoman and former chairwoman of the Michigan Republican Party who is a strong proponent of charter [&he

Posted in: National News, Student Loan News,
16
Jan
The New Face of Student Loan Borrowers: The Elderly

Student loan debt isn’t only impacting young borrowers. Their older counterparts are also dealing with student debt at a rate that has quadrupled during the last decade. The Consumer Financial Protection Bureau released a new report that showcased just how bad it is for older people, many of whom graduated years ago. The CFPB found that among consumers [&h

Posted in: National News, Student Loan News,