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Student loan forgiveness

There's a lot at stake with the student loan forgiveness application

by Stephanie Hughes
Oct 17, 2022
With over 40 million people eligible for debt relief, this is the largest operation of its kind in the department’s history.
President Joe Biden speaks about his student debt relief plan with Secretary of Education Miguel Cardona on Oct. 17.
Alex Wong/Getty Images
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Interest can add a lot of debt to student loans. Here's how the Biden plan could help.

by Samantha Fields
Sep 5, 2022
The government would cover unpaid interest for borrowers who are on income-based repayment plans and continue to make monthly payments.
Because of the high interest rates on student loans, the amount owed continues to grow for many borrowers in income-driven repayment plans.
Stefani Reynolds/AFP via Getty Images
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"Canceling student debt is the quickest way to narrow the racial wealth gap"

by Amy Scott and Richard Cunningham
Apr 20, 2022
Proposals to reform the federal student loan system shed light on the relationship between student debt and economic inequality. UCLA's Hannah Appel joins us to discuss.
Borrowers owe more than $1.7 trillion in student loans, and those debts can delay major financial decisions.
Leigh Vogel/Getty Images for MoveOn & Debt Collective
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Payments and interest on federal student loans set to resume after nearly 2 years

by Samantha Fields
Dec 20, 2021
More than 40 million borrowers with federal student loans have had a respite through the pandemic. That ends Jan. 31.
Activists hold festive signs calling on President Joe Biden to cancel student debt.
Paul Morigi/Getty Images for We, The 45 Million
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Would canceling $10,000 in student debt really help that much?

by Katherine Wiles
Nov 23, 2020
Comprehensive policy is crucial in solving the student debt crisis, experts say, but $10,000 of debt forgiveness could actually do a lot to help the people who need it most right now.
President-elect Joe Biden expressed support for student debt forgiveness up to $10,000 at a press conference on Nov. 16 in Wilmington, Delaware.
Joe Raedle/Getty Images
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Would forgiving student loans benefit the neediest?

by Ben Bradford
Jun 26, 2019
Progressive economists dispute who would benefit most from erasing higher-education debt.
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In an effort to attract young workers, Maine is offering to reimburse their student loan payments

by Robbie Feinberg
Nov 30, 2018
It's no secret that workers are getting older nationwide. But the problem is extra tough in Maine.
Justin Sullivan/Getty Images
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Few student borrowers working in the public sector are finding loan forgiveness

by Erika Beras
Sep 28, 2018
About year ago, the U.S. Department of Education started accepting applications from public servants to have their student loan balances wiped away. Twenty-eight thousand borrowers applied for forgiveness in the Public Service Loan Forgiveness program; 96 were approved. To qualify, applicants must spend at least 10 years working for government agencies or certain kinds of nonprofits […]
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Loan forgiveness programs offered to help boost ranks of mental health professionals

by Marketplace Contributor
Oct 7, 2016
The Affordable Care Act has given millions of Americans access to mental health coverage. That’s created a demand for providers.
Robert Duehmig is the deputy director of the Oregon Office of Rural Health, which offers the Behavioral Health Loan Repayment Program.
Melanie Sevcenko
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Regulating the forgiveness of federal student loans

by Tobin Low
Sep 10, 2015
The Department of Education is opening up the conversation at 2 hearings.
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