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Wednesday, April 24
by
Fox News
A majority of student loan borrowers are worried about their ability to repay their loans
Student loan debt has been an ongoing discussion among Americans for years as the debt balance continues to grow. The country's total student loan debt now sits at $1.6 trillion, according to Federal Reserve Bank of New York data.These debts ...
Friday, April 19
by
Fox News
What Biden’s loan forgiveness really means for many student loan borrowers
Many Americans who struggle with student loan debt have been waiting for an announcement on broad-scale student loan forgiveness and an extension of the federal student loan payment pause. But not all student loan borrowers will qualify for this forgiveness, and even if you do, ...
Thursday, April 18
by
Fox News
Many personal loan borrowers rely on loans for everyday expenses as cost of living grows
The personal loan market is growing, in part due to the high cost of living. About 14.5% of borrowers use personal loans for everyday expenses, a MarketWatch Guides survey found.The two more common reasons consumers use personal loans are debt consolidation ...
Tuesday, April 16
by
Fox News
Many student loan borrowers missing opportunity to find debt relief in SAVE plan: survey
Many borrowers currently struggling with student loan payments would benefit from enrolling in an income-driven repayment plan, according to a recent Student Debt Crisis Center (SDCC) survey.Roughly three out of four borrowers who make $75,000 or less annually and would benefit from ...
Monday, April 1
by
Fox News
Millions of borrowers to see student loan payments drop in July after SAVE adjustment
President Joe Biden’s Saving on a Valuable Education (SAVE) plan has lowered student loan payments for 153,000 borrowers. In July, the plan is set to drop payments even more for nearly every borrower enrolled.The plan uses ...
Monday, March 25
by
Fox News
Some student loan borrowers are getting refunds on top of loan forgiveness, here’s who qualifies
Some student loan borrowers who have been making payments for over a decade under income-driven repayment and forgiveness programs have yet to see the forgiveness they were promised.To correct this, the Biden administration is providing that forgiveness, and, as an added bonus, some borrowers ...
Wednesday, March 20
by
Fox News
Credit scores decreased for first time in a decade as borrowers miss payments
For the first time in a decade, average credit scores have decreased slightly to 717, according to data released by FICO. In 2023, average scores sat at 718.This decline is likely due to high interest rates and inflation that are ...
Wednesday, February 21
by
ABC News
More student loan borrowers to receive debt relief beginning Wednesday
(WASHINGTON) -- The Biden administration will begin automatically relieving student debt for another 153,000 people on Wednesday, bringing the total number of Americans approved for debt relief to nearly 3.9 million.President Joe Biden will tout the new debt relief in a speech from Los ...
Wednesday, December 20
by
ABC News
DOJ alleges Houston developer swindled Hispanic borrowers with ‘bait and switch’ scheme
(HOUSTON) -- The Justice Department on Wednesday announced its first-ever predatory mortgage lending lawsuit against a Houston-based developer they accuse of swindling tens of thousands of Hispanic borrowers into buying flood-prone homes with loans that were designed to fail. Officials say Colony Ridge used targeted ads ...