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Debt 101 Understanding The Student Loan Crisis - Latest News

With the Coronavirus Crisis, We Must Cancel Student Debt Immediately

... believe that a student loan is a benign tool that helps young people to get ahead. But it is definitely not news to the borrowers who are living every day with student debt. They understand ... read more

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Coronavirus Is Raging. Student Loan Bills Haven't Gone Away.

Experts said the most fundamental move student loan debtors should make during this cascading national pandemic is to figure out if the relief program applies to them. "The first thing you need to do ... read more

US student loan payments are suspended for six months, with many exceptions

Before you breathe a sigh of relief about the fact that you at least don't have to pay student loans while the world devolves into chaos, check the many exemptions. Your payments and interest accrual ... read more

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Report Gauges Support for Student Loan Forgiveness Across Political Lines

The combination of a coronavirus-halted economy, an upcoming election and an ever-mounting student ... crisis,” said Kristyn Pilgrim in an email to Diverse. “There is a general understanding that ... read more

How To Manage Your Student Loans In The Coronavirus Crisis

In the midst of this crisis, 44 million Americans collectively carry around $1.7 trillion in student loan debt. And absent ... so make sure you understand the terms and consequences of your ... read more

Graduation rates and the link to the student debt crisis

Students taking more than four years to graduate contributes to the country's student debt crisis. A 2018 study found that 39 percent of students with student loans have considered dropping out ... read more

Student loans get put on hold in coronavirus stimulus bill. Here's what to know.

"GMA" spoke with Ashley Harrington, director of federal advocacy and senior counsel at the Center for Responsible Lending, to better understand what it means for those carrying certain student debt ... read more

Good Debt, Bad Debt: Knowing the Difference

Since the financial crisis, consumer credit in its many forms—from student ... understanding the purpose of the debt and what you can afford, says Cagan. If you’re considering taking out a ... read more

'I Feel Like I've Gotten Trapped in This Loan.' Here's Why the COVID-19 Stimulus Package Only Helps Some Borrowers

People holding private student loans aren't guaranteed any relief, and some may end up with even higher payments. read more

Stampede for emergency loans is crushing lenders, putting millions of small businesses at risk. Here are steps to fix the system

The delays gaining access to SBA-backed emergency loans under the $349 billion Paycheck Protection Program are putting millions of businesses at risk of closing, threatening their employees, suppliers ... read more

Feds offer student loan relief, but some N.J. borrowers are left behind

“Now, more than ever, we need a moratorium on student loan payments from HESSA for current students, graduates who carry debt and their families whose lives and finances are being disrupted by the ... read more

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