Former President Donald Trump is preparing to implement changes that would make LGBTQ+ nonprofit workers ineligible for student loan forgiveness. This move could impose significant financial burdens on those dedicated to serving the LGBTQ+ community and impact the sustainability of nonprofit organizations.

The U.S. Department of Education will restart collections on defaulted federal student loans starting May 5, affecting nearly 1.8 million borrowers. Secretary Linda McMahon urges borrowers to take immediate action to avoid wage garnishments and credit score impacts.

The burden of student loan debt has become a significant concern for millions of students and graduates in the United States. As of the 2020-2021 academic year, the total student loan debt has exceeded $1.7 trillion, affecting over 45 million borrowers with an average debt of more than $37,000. The escalating costs of tuition, textbooks, housing, and other educational expenses have compelled many to rely heavily on student loans. However, there are numerous scholarships and grants available that can help alleviate this financial pressure and reduce the need for substantial loans.

The topic of student loan cancellation has become a heated debate in recent years, capturing the attention of policymakers, economists, and millions of borrowers across the United States. With escalating college costs and a staggering national student loan debt exceeding $1.75 trillion, many are questioning whether canceling student loans is the solution to a looming financial crisis.

For many students, loans are a necessary step toward achieving higher education. While they provide immediate financial support, the long-term cost can be substantially more than the initial amount borrowed due to accumulating interest. Understanding how interest works is crucial in managing debt effectively and reducing the overall financial burden.

Navigating the world of student loans can be overwhelming, especially when you’re trying to decipher the differences between federal and private loans. Making an informed decision about which loan to choose is crucial for your financial future. This article breaks down the key aspects of federal and private student loans to help you understand which option might be best for you.

Student loan debt is a significant burden for many Americans, but various federal programs offer relief through forgiveness, cancellation, or discharge of student loans. Understanding who qualifies and how to apply can help borrowers navigate these opportunities and potentially eliminate their student loan debt.

Managing student loans can be a daunting task, especially when juggling multiple payments with varying interest rates. If you’re looking to simplify your debt and save money, you might be considering refinancing or consolidating your loans. But which option truly saves you more? Let’s dive into the details to help you make an informed decision.

Student loan debt has become a significant financial burden for many individuals in the United States. The average student debt for the class of 2020 was over $37,693, with a collective total of $1.7 trillion across the country. This overwhelming debt can lead to stress and anxiety, affecting both mental and physical health. However, with strategic planning and proactive steps, it’s possible to manage and even expedite the repayment of student loans. Here are some effective strategies to help you become debt-free faster.

Managing student loans while striving to achieve other financial goals can feel like walking a tightrope. Balancing debt repayment with saving for emergencies, retirement, or major life events requires a strategic approach. This article provides practical tips to help you navigate this financial balancing act effectively.

Facing the reality of student loan repayment can be overwhelming, but choosing the right plan can make managing your debt much more manageable. With various options available, understanding each repayment plan’s nuances is crucial to aligning your financial obligations with your budget and long-term goals.

For many individuals, student loans are a necessary step toward achieving educational and career goals. However, while they provide the means to invest in your future, they also have a significant impact on your credit score. Understanding how student loans affect your credit can help you manage them responsibly and improve your financial health over time.

In a landmark move, the Biden administration is finalizing a rule to remove medical debt from credit reports, potentially boosting credit scores for millions of Americans and easing their path to loans. The rule also bans lenders from using certain medical information in loan decisions, marking a significant shift in consumer financial protection.

In a strategic move before leaving office, President Joe Biden has withdrawn his efforts to cancel student loans for over 38 million Americans. The decision aims to prevent President-elect Donald Trump from retooling unfinished regulations to suit his own agenda.