Wells Fargo to limit number of student loans amid pandemic
BLOOMBERG — Wells Fargo & Co. is pulling back from student lending as the U.S. surge in coronavirus cases threatens to further disrupt higher education and the broader U.S. economy.
Read More about Wells Fargo to limit number of student loans amid pandemicStudent loan rates hit historic lows due to COVID-19
DETROIT FREE PRESS — College students who must cope with a new way of doing things in light of COVID-19 can take heart in one thing. Federal student loan rates are hitting historic lows. Beginning July 1, rates on federal student loans will tumble to reflect the Federal Reserve’s move this spring to push short-term rates close to 0%.
Read More about Student loan rates hit historic lows due to COVID-19A look at income-driven student loan repayment plans
FORBES — REPAYE is the newest of the four IDR plans. It was introduced in 2015 as part of the Obama administration’s efforts to help student loan borrowers manage their debt. The government designed REPAYE as an expansion of the Pay As You Earn (PAYE) repayment plan.
Read More about A look at income-driven student loan repayment plansFederal judge orders cancellation of federal student loan debt for 7,000 borrowers from failed for-profit college
FORBES — A federal judge has ordered Education Secretary Betsy DeVos to cancel outstanding federal student loan debt for over 7,000 student loan borrowers. The case concerns the Borrower Defense to Repayment program.
Read More about Federal judge orders cancellation of federal student loan debt for 7,000 borrowers from failed for-profit collegeGuide to student loan forgiveness programs
BANKRATE — For students willing to work in specific positions or jump through other hoops for several years, student loan forgiveness can represent a huge weight lifted — and lead to tens of thousands of dollars in savings.
Read More about Guide to student loan forgiveness programsPodcast: A look at the student loan market
NPR — Today on the show, we uncover a shadow market of student loans bought and sold on Wall Street. We find out why these student loans are so attractive to investors, and what’s at risk for borrowers.
Read More about Podcast: A look at the student loan marketAdvice on Navigating Public Service Loan Forgiveness
FORBES – Forgiveness programs for federal student loans always seem to be well-intentioned, but the way they’re rolled out can leave a lot to be desired. When you take a closer look at Public Service Loan Forgiveness (PSLF), for example, you’ll find a program with rules so complicated many applicants don’t really understand them.
Read More about Advice on Navigating Public Service Loan ForgivenessFederal guidance creates confusion over CARES Act implementation for students
INSIDE HIGHER ED — The U.S. Department of Education encouraged colleges to release emergency aid to students quickly after a federal stimulus package passed in late March. But confusion over student eligibility requirements and logistical oversights have stalled the process in many cases.
Read More about Federal guidance creates confusion over CARES Act implementation for studentsCollege graduates share frustrations with Public Service Loan Forgiveness Program
YAHOO! FINANCE — Congress created the Public Service Loan Forgiveness Program (PSLF) in 2007 to help various kinds of public service workers erase their student debt after ten years of loan payments. To better understand the PSLF process, Yahoo Finance spoke with two public servants who tried to use the PSLF program to get their student debt discharged.
Read More about College graduates share frustrations with Public Service Loan Forgiveness ProgramColleges turn to tuition discounts and scholarships to increase enrollment
INSIDE HIGHER ED — This spring many colleges announced tuition deals for students in response to the pandemic, and they’re seeing it pay off with growing application numbers.
Read More about Colleges turn to tuition discounts and scholarships to increase enrollment