Educational News

Source: site Navient Corp. and student loan servicer Navient Solutions agreed to a settlement that will result in the cancelation of more than $3.5 million in student debt for New Hampshire student loan borrowers, according to the state’s Department of Justice.…

Source: site Illinois’ top financial official has banned local governments from using a state program to collect debt from students who have been ticketed for truancy, eliminating a burden for families struggling to pay steep fines. A number of school districts…

Source: site Borrowing federal student loans is about to get more expensive. Federal student loan interest rates are tied to the 10-year Treasury note and determined using a formula set by federal law. After Wednesday’s 10-year Treasury note auction, interest rates…

Source: site Colleges in New York State are now barred from withholding transcripts as a means of collecting student debt. Democratic governor Kathy Hochul signed legislation Wednesday prohibiting the practice known as “transcript ransoming,” calling it in a statement “an unfair, predatory practice…

Source: site As President Joe Biden considers using executive action to cancel some federal student loan debt, the financial burden on today’s students continues to rise. According to the College Board, which tracks trends in college pricing and student aid, average tuition and fees for the…

Source: site A number of people in the so-called “boomer” generation have hit out at President Joe Biden‘s reported plans to forgive some student loan debt for millions of people. The suggestion that Biden may follow through with one of his 2020…

Source: site MARYLAND — Maryland Attorney General Brian E. Frosh has joined five other attorneys general to call on the U.S. Department of Education to cancel the federal student loan debt of thousands of students —including many in Maryland. Frosh said…

Source: site The question about what to do with an estimated $1.6 trillion in student loan debt is a growing headache for Democrats at a time when families are struggling with higher costs but centrist Democrats led by Sen. Joe Manchin…