Educational News

Chase Freedom Student credit card review 2024

Editor’s Note: The Chase Freedom® Student credit card is no longer available to new applicants. Please see the issuer’s website for more information about available offers. Card details for The Chase Freedom® Student credit card have been collected independently by CNN Underscored Money…

US bankruptcy case counts expected to continue climbing in 2024: Report

US bankruptcy filings rose 18% in 2023 due to higher interest rates, tougher lending standards, and the continued end of pandemic-era support measures, according to data from bankruptcy data provider Epiq AACER. According to the data published on Wednesday, the total bankruptcy filings rose…

The 5 biggest student loan updates from 2023—and what’s coming in 2024

Whether it has been a good or bad year for student loan borrowers depends on who you ask.  While a large number of borrowers got life-changing emails this year saying their loans had been forgiven, plenty of others received bills in October…

Biden administration to forgive $4.8 billion in student loan debt for 80,300 borrowers

The Biden administration announced Wednesday that it would forgive an additional $4.8 billion in student loan debt, for 80,300 borrowers. The relief is a result of the U.S. Department of Education’s fixes to its income-driven repayment plans and Public Service Loan Forgiveness program. “Before…

CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps. Driven largely by Big Tech and other large technology firms, digital payment apps and wallets continue…

Biden-Harris Administration Announces Framework for Student Loan Servicer Accountability To Protect Borrowers Nationwide

The Biden-Harris Administration is fully committed to supporting student loan borrowers as they navigate return to repayment and fixing problems in the student loan system. To further the goal of protecting borrowers nationwide, the Biden-Harris Administration is taking steps to…

Blocking Medical Debt from Credit Reports Harms Doctors, Says New Lawsuit

A California Dermatologist recently filed a class action lawsuit against the three major credit reporting agencies (CRAs), alleging the CRAs’ decision to stop reporting medical debt below $500.00 has caused him and other medical professionals nationwide irreparable financial harm. Further, he claims…

Inaccurate bills, hours on the phone: Student loan borrowers reenter ‘a very messy system’

Amberlee McGaughey, a librarian in Pennsylvania, was not worried about the restart of student loan payments. She was done with her debt, or so she thought. In August, she applied for the Public Service Loan Forgiveness program with her loan servicer, MOHELA, or the…

Biden cancels $9 billion in student debt for 125,000 borrowers

President Joe Biden announced Wednesday that he approved $9 billion in student loan forgiveness for 125,000 Americans. The relief is a result of his administration’s fixes to a number of programs, including the income-driven repayment plans and Public Service Loan Forgiveness. More than $5 billion of the…

Biden-Harris Administration Announces an Additional $9 Billion in Student Debt Relief

The Biden-Harris administration announced today that an additional 125,000 Americans have been approved for $9 billion in debt relief through fixes the U.S. Department of Education has made to income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF), and granting…