search
US student loan borrowers
Trends
- 1Fed Rate Hike: What It Means for Women's Finances▼Fed Raised Rates: Here Is What It Means For Women’s Finances
The US Federal Reserve has raised interest rates again, and financial commentators, including Forbes, are breaking down what the increase means for women's personal finances. Analysts point to higher borrowing costs on credit cards, student loans and mortgages, alongside better returns on savings, and note that women, who on average carry more student debt and hold less in savings, may feel the effects differently from men.
- 2Student Loan Borrowers Sue Education Department Over Botched Discharges▼Student Loan Borrowers Sue Education Department For Botching Loan Discharges
A group of federal student loan borrowers has filed a lawsuit against the US Department of Education, accusing it of mishandling loan discharges that borrowers were promised. The suit alleges the department failed to follow through on relief programs, leaving borrowers with debts that should have been erased and compounding financial strain during ongoing debates over student debt policy.
- 3Two student loan borrowers sue Department of Education over credit damage▼Two student loan borrowers suing Department of Education over credit issues
Two federal student loan borrowers are suing the US Department of Education, saying loan servicing failures and misreported payment records have damaged their credit scores. They argue the department is responsible for errors passed on to credit bureaus, and the case could affect how millions of borrowers' loans are reported and disputed.
- 4Education Department extends student loan discount deadline▼Education Department extends deadline for student loan interest rate discount
The US Department of Education has extended the deadline for student loan borrowers to enroll in an interest rate discount, according to CNBC. The move gives borrowers more time to sign up for the saving plan, which reduces the interest rate on eligible federal student loans. Details on the new deadline and eligibility requirements have not yet been fully outlined.
- 5Student loan borrowers get Dec. 31 deadline for discount▼Student loan borrowers now have until Dec. 31 to snag a discount
US student loan borrowers now have until December 31 to take advantage of a discount on their loans. The deadline matters for millions of borrowers weighing repayment options amid ongoing changes to federal loan programs and payment plans. Personal finance outlets are urging borrowers to act before the end-of-year cutoff.