Educational News

Legal Fight Over Student Debt a Prelude to Political Battle

WASHINGTON (AP) — Facing the possibility that the Supreme Court will reject President Joe Biden’s plan for student loan forgiveness, the White House is aiming to turn the political heat toward Republicans while deflecting criticism from disappointed borrowers. At stake is…

Federal student loan payments could restart in roughly 2 months — or 6. What to know

The pandemic-relief policy suspending federal student loan payments has now been extended eight times and spanned nearly three years. When will the payments actually resume? It’s still uncertain. Experts say the Supreme Court hearings on Feb. 28 over President Joe Biden’s student loan forgiveness plan will…

The $1.8 Trillion Student Debt Bubble Is Now The Supreme Court’s Problem

By Claire Ballentine, Ella Ceron and Mackenzie Hawkins The $1.8 trillion student debt bubble is about to burst. After a three-year pause, payments on federal student loans are set to resume in the next six months, and the economic consequences will be far-reaching: More…

Biden Administration Defends Student Loan Cancellation at Supreme Court

WASHINGTON — The Biden administration asked the Supreme Court on Wednesday to uphold its decision to forgive hundreds of billions of dollars of student loan debt for tens of millions of Americans, arguing that it was acting within its executive…

Big questions on student loan forgiveness loom in 2023

Student loan borrowers are starting 2023 with a lot of uncertainty. The fate of President Joe Biden’s major student loan forgiveness program lies with the US Supreme Court, and it could be as late as summer before the justices rule on…

Supreme Court takes second case challenging Biden student loan relief

The Supreme Court on Monday agreed to hear arguments in a second case challenging the legality of the Biden administration’s ambitious student loan relief program. The case, originally filed in Texas, will be argued in February before the Supreme Court along with the first case the…

US Supreme Court to review President Biden’s student debt plan

The US Supreme Court has agreed to review the legality of President Joe Biden’s plan to cancel student loan debt for millions of borrowers. The programme will remain on hold until the case is heard, the court has announced. In…

‘Young adults are particularly vulnerable to delinquencies’ — 1 in 5 have debt in collections, new report finds

Americans across the board are struggling with credit card debt. Those just starting out are particularly vulnerable. With limited financial resources, lower wages and shorter credit histories, young adults are struggling to manage high-interest debt more than other age group,…

US creditors can now DM debtors on social media

Debt collectors are now allowed to contact Americans on social media and by text message, according to new rules enacted by a US agency this week. The rule from the Consumer Financial Protection Bureau (CFPB) opens the door for creditors…

Federal judge declares Biden’s student debt relief plan unlawful

A federal judge in Texas on Thursday ruled that President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful and must be vacated, delivering a victory to conservative opponents of the program. U.S. District Judge…