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According to the Education Data Initiative, the average federal student loan debt is $37,574 per borrower as of April 2023. The average private student loan debt is less than $55,000 per borrower.
The Biden administration has started rolling out a series of programs and initiatives to lighten the burden of student loans and make the repayment process more equitable and manageable. For those ...
The pandemic-era relief provided by the student loan payment moratorium ended in 2023, and by 2024, borrowers were back in the routine of paying their college debt — with interest.
That began Oct. 1, 2023. When do student loan repayments resume with penalties? It is now almost 12 months later, which means that on-ramp is set to expire on Sept. 30. Anyone who doesn’t begin ...
The PSLF Program forgives the remaining balance on Direct Loans after borrowers have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying ...
The Biden administration announced on Oct. 25 executive actions that will bring most loans managed by the Education Department "closer to forgiveness," the Department of Education declared. One ...
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