Browsing: Borrowers

The national average credit score — which had been steadily increasing for over a decade — fell for the second year in a row, according to…

Worried woman looking at her mobile phone.Srdjanpav | E+ | Getty ImagesStudent loan borrowers who are entitled to debt forgiveness but haven’t been able to get…

Plan Time to forgiveness SAVE (undergraduate loans) Originally (since struck down by the courts): 10 years for balances up to $12,000, and one additional year for…

Sentir Y Viajar | Istock | Getty ImagesFewer people with federal student loans are making payments on their debt. Around 10.3 million borrowers were enrolled in…

Bevan Goldswain | E+ | Getty ImagesSeveral of the U.S. Department of Education’s student loan repayment plans have recently changed in major ways — and more…

Damircudic | E+ | Getty ImagesDelayed loan relief may trigger a new ‘penalty’The American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end…

A student studies in the Perry-Castaneda Library at the University of Texas at Austin on February 22, 2024 in Austin, Texas. Brandon Bell | Getty ImagesWhen the…

Johner Images | Johner Images Royalty-free | Getty ImagesPresident Donald Trump’s “big beautiful bill” overhauled the so-called Standard Repayment Plan for federal student loan borrowers.Next year, millions of…

Fg Trade | E+ | Getty ImagesA popular student loan forgiveness program, Public Service Loan Forgiveness, has always had its problems.But borrowers pursuing PSLF have faced…

Momo Productions | Digitalvision | Getty ImagesWhen the Biden administration rolled out SAVE, or the Saving on a Valuable Education plan, in 2023, it said borrowers…