In the News

Millions of student loan borrowers could be at risk of having their child tax credit seized by the government. A generous expanded child tax credit was part of President Biden’s American Rescue Plan, the Covid-19 relief package that Congress enacted in the spring.

More than 67,000 public servants are facing what could be years-long delays in getting the student debt relief promised to them through the Public Service Loan Forgiveness program. The cause boils down to what’s essentially the fine print on the program requirements.

The temporary pause on loan payments and accrual of interest, first instated at the beginning of the pandemic, provided a moment of much-needed relief. The moratorium was initially set to expire in March, but President Biden extended it to the end of September on one of his first days in...

As many as 6.6 million students nationwide can’t obtain their transcripts because they have unpaid bills to colleges or universities, the higher education consulting firm Ithaka S+R estimates. These balances can be as little as $25, though they are usually higher; the average at community colleges is $631 and at...

Using publicly available data, SBPC showed that some colleges have been encouraging students to take out “shadow debt” — which it defines as the loans and credit outside the traditional private student loan market — that is marked by high interest rates and excessive fees, according to the report.

New data from the Department of Education indicate that tens of thousands of public servants have been making payments on their debt that didn’t count towards their eligibility for forgiveness. In other words, they’ll be working in public service and making payments on their loans for more than 10 years...

New data released by the U.S. Department of Education shows that most borrowers who apply to a key student loan forgiveness program are denied relief. The data shows that 98% of applications for Public Service Loan Forgiveness (PSLF) from November 9, 2020 to April 30, 2021 were rejected. Only two out of...

Public colleges and universities -- including Virginia Tech, the University of Connecticut and the University of Oklahoma -- are encouraging students to take out high-cost, high-risk loans for non-degree-granting programs, according to findings in a new report.

President Joe Biden campaigned on reforming the Public Service Loan Forgiveness (PSLF) program, which has been under fire for years for rejecting the vast majority of applicants. New Education Department data found that 98% of borrowers are still being rejected from the program.

Multiple student loan servicers — the companies that manage your student loan payments — allegedly made major errors during the Covid-19 pandemic, which may have directly hurt your credit score. Those are the allegations inside a shocking report, which describes wide-scale errors involving your student loans that were larger than...