Educational News

Biden’s Student Loan Forgiveness Could Be Taxable In Some States

Adam S. Minsky, August 29, 2022 The Biden administration has confirmed that student loan forgiveness won’t be a taxable event at the federal level for borrowers. But at the state level, things get a bit more complicated. President Biden announced…

Education Department offers a second chance to 7.5 million borrowers who defaulted on student loans

Annie Nova, August 19 2022 The U.S. Department of Education is giving federal student loan borrowers who’ve fallen behind on their debt a chance to get into current standing. As part of its “Fresh Start” initiative, the 7.5 million student loan…

Student Loan Payment Pause: What To Expect

Zack Friedman, Aug 22, 2022 Here’s what to expect with the student loan payment pause. Here’s what you need to know — and what it means for your student loans. Student Loans This week could be the most significant period in…

California Private Student Loan Collections

Chris Micheli, August 5, 2022 California has a number of formal acts in statute. Civil Code Division 3, Part 4, Title 1.6C.15 provides the Private Student Loan Collections Reform Act, which is contained in Sections 1788.200 to 1788.211. Title 1.6C.15…

Student Loan Forgiveness: New Blockbuster Plan To Cancel Student Loans

Zack Friedman, Aug 5, 2022 Republicans have proposed a blockbuster new plan for student loan forgiveness. Here’s what you need to know — and what it means for your student loans. Student Loans President Joe Biden is days away from…

The Israeli Addiction To Credit Cards

Caroline Haïat (Digital Journalist), July 23, 2022 The widespread price hike in Israel does not seem to have an effect on citizens’ consumption – On the contrary, Israelis continue to heat up their credit cards, breaking a new record for…

NYC levies huge fines against car dealers, cites 7,000 consumer violations

CHRIS TEAGUE, July 22, 2022 There’s never been a worse time to buy a new or used car, but some dealers have gone out of their way to make the experience even more excruciating. There are markups, dealer add-ons, inventory issues, vehicles…

Navient Ordered to Stop Collections on Discharged Student Loans

Source: site A bankruptcy judge ordered student loan servicer Navient Corp. to suspend its efforts to collect payments from borrowers of certain private student loans who filed for bankruptcy and whose debts were likely eligible for a discharge. Judge Elizabeth Stong…

Half Of Americans Support Biden Forgiving $10,000 In Student Loans, Poll Finds

Source: site A new poll shows 51% of Americans support the idea of President Joe Biden canceling $10,000 of student loan debt for each borrower, illustrating how split the public is regarding one of the president’s early campaign promises. Key Facts…

The Biden Administration’s Proposed Policy To Reduce Student Debt Is Only Going To Make the Problem Worse

Source: site On Wednesday, the Biden administration announced it was proposing new regulations for student loans owned by the Department of Education. The proposed rules call for an $85 billion expansion of existing federal student loan forgiveness programs. They would expand eligibility for programs created…