Advice on navigating student loan options
CNBC — The coronavirus-induced economic recession may have more Americans turning to student loans for college these days. The good news is that, if you have to take out a federal student loan, the interest rate is a favorable 2.75%, said Stacey MacPhetres, a college coach with Bright Horizons.
Read More about Advice on navigating student loan optionsPresident Trump signs executive order suspending student loan payments
CNBC — On Saturday, President Donald Trump signed several executive actions aimed at addressing the financial impacts the coronavirus pandemic has had on the U.S. economy after Congress failed to pass a new stimulus package.
Read More about President Trump signs executive order suspending student loan paymentsReport: Public Service Loan Forgiveness program falling short of intention
FORBES — A new report paints a bleak picture of the Public Service Loan Forgiveness (PSLF) program, and raises fresh concerns that the program is failing millions of student loan borrowers who were promised relief.
Read More about Report: Public Service Loan Forgiveness program falling short of intentionTrump administration considers executive order for student loan relief
INSIDE HIGHER ED — President Trump said in a tweet Thursday that he is looking into using his executive powers to continue providing help for those with student loans during the pandemic. It’s unclear if he has the authority or if it was simply a move to try to break the logjam in congressional negotiations…
Read More about Trump administration considers executive order for student loan reliefHigher education groups advocate for continuation of student loan payment relief
INSIDE HIGHER ED — Several associations representing the nation’s colleges and universities on Wednesday urged congressional leaders to continue excusing student loan borrowers from having to make payments until at least after next Tax Day in April.
Read More about Higher education groups advocate for continuation of student loan payment reliefSenate education committee head proposes simplifying student federal aid applications and postponement of loan payments
INSIDE HIGHER ED — Nearing the end of his tenure in Congress, Senator Lamar Alexander, the chairman of the Senate education committee, proposed excusing those with no income from making student loan payments, as well as enacting one of his longtime goals: simplifying the forms used to apply for federal student aid.
Read More about Senate education committee head proposes simplifying student federal aid applications and postponement of loan paymentsAdvocacy groups call for increase in college student Pell Grants amid recession
INSIDE HIGHER ED — Amid concerns the recession has made it harder for students to save for college, advocacy groups are calling for doubling the size of Pell Grants.
Read More about Advocacy groups call for increase in college student Pell Grants amid recessionState Attorneys General file lawsuit over US Department of Education borrower-defense rule
INSIDE HIGHER ED — The attorneys general of nearly half of the nation’s states filed a federal lawsuit Wednesday, trying to do what Congress couldn’t — end Education Secretary Betsy DeVos’s new borrower-defense rule, which makes it more difficult for students who have been defrauded, particularly by for-profit colleges, to have their student loans canceled.
Read More about State Attorneys General file lawsuit over US Department of Education borrower-defense ruleCongress begins to plan second stimulus package
FORBES — Congressional discussions regarding a potential second stimulus package continue, and the timeline for when new or extended relief may pass is becoming clearer.
Read More about Congress begins to plan second stimulus packageOpinion: Second stimulus package should include suspension of student loan payments and forgiveness
FORBES — Congress is considering another round of stimulus and coronavirus relief this month. Negotiations are said to pick up after the holiday break. They’ll likely discuss more money for states, unemployment benefits, a possible stimulus check, student loans, and more.
Read More about Opinion: Second stimulus package should include suspension of student loan payments and forgiveness