You Searched For "federal debt" and got 20 results
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2 mins read
Some student-loan borrowers with private debt have a chance to get their balances wiped out — but they have to ask for it
Student-loan company Navient has a process for borrowers with private debt to apply for relief if t…
Ayelet Sheffey
2 mins read
Student-loan borrowers enrolled in Biden's new repayment plan may have gotten a win after a federal judge ruled only 3 states 'just barely' have standing to challenge the plan
Of the 11 GOP state attorneys general who sued to block the SAVE student-loan repayment plan, a jud…
Ayelet Sheffey
4 mins read
An ALICE has $250,000 in student loan debt and left teaching for a stable job: 'There are many teaching college who are hungry and can't go to the doctor'
Murphy Pizza, 51, worked as an adjunct professor for most of her career. She left academia because …
Allie Kelly
2 mins read
160,500 more student-loan borrowers are getting $7.7 billion in 'much needed' debt cancellation
The latest student-loan forgiveness announcement means that more than one out of every 10 federal b…
Ayelet Sheffey
2 mins read
People are raiding their savings and racking up debt, paving the way for economic pain, expert warns
Soaring prices and borrowing costs mean people are spending nearly every dollar they have just to s…
Theron Mohamed
2 mins read
Why a debt-fueled US economy is facing a hard landing in 2025, chief economist says
"Once people do begin to lose their jobs, once the economy does begin to slow down, you already hav…
Filip De Mott
2 mins read
Student-loan borrowers just got 2 extra months to benefit from a temporary debt relief reform
Student-loan borrowers now have until June 30 to consolidate their loans and get the one-time accou…
Ayelet Sheffey
3 mins read
A major student-loan company has 'illegally' tried to collect payments from borrowers whose balances were already wiped out through bankruptcy, a federal watchdog alleges in a new lawsuit
The CFPB sued student-loan company PHEAA, accusing it of ignoring borrowers' bankruptcy discharges …
Ayelet Sheffey
2 mins read
Student-loan borrowers in public service will now have to wait until July for their debt relief forms to be processed
The Public Service Loan Forgiveness program is transferring away from student-loan company MOHELA, …
Ayelet Sheffey
2 mins read
Key student-debt relief programs are at risk if Congress doesn't boost Education Department funding, 25 Democratic lawmakers say
Following a botched FAFSA rollout and rocky return to student-loan repayment, Elizabeth Warren is c…
Ayelet Sheffey
3 mins read
Here's why economists are so worried about soaring US debt levels
The government's soaring debt balance risks stoking inflation and lowering the quality of life for …
Jennifer Sor
2 mins read
25 million student-loan borrowers could get up to $20,000 in debt wiped out under Biden's new debt relief plan
Biden unveiled details of his new student-loan forgiveness plan, which would get rid of any unpaid …
Ayelet Sheffey
2 mins read
The US economy is already in a recession, and it's following the same path as China by becoming reliant on debt, veteran forecaster says
Rising layoffs and sluggish job growth are major signs the economy is already in a hard landing, on…
Jennifer Sor
1 min read
The US is headed for a financial crisis because of soaring national debt, billionaire investor Leon Cooperman says
"Deficits matter, and I think we're headed into a financial crisis in this country," Cooperman told…
Yuheng Zhan
2 mins read
317,000 student-loan borrowers are getting $6.1 billion in debt canceled after being misled about career prospects and how much money they could make after graduation
Student-loan borrowers who enrolled at any Art Institute campus from January 1, 2004, to October 16…
Ayelet Sheffey
2 mins read
Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how.
Millions of student-loan borrowers are being transferred from Navient to MOHELA. Elizabeth Warren w…
Ayelet Sheffey
2 mins read
Over 27,000 student-loan borrowers are getting $4.1 million in payments in the mail after debt relief companies 'lured' them into 'fake loan forgiveness claims,' a federal consumer agency says
The FTC accused companies of using a "scheme" to trick student-loan borrowers into paying illegal f…
Ayelet Sheffey
2 mins read
Runaway government debt could sink markets and slam the economy, 2 watchdogs warn
Ballooning government debt and soaring interest payments could trigger a UK-style market meltdown a…
Theron Mohamed
4 mins read
Why Gen Z is feeling so good about money right now
Compared to Gen X and baby boomers, a new TransUnion survey found Gen Zers are "the most stable" wh…
Ayelet Sheffey
8 mins read
America's way of measuring poverty is stuck in the 1960s. Here's how we can fix it.
Many Americans are struggling financially but don't qualify for aid because they technically make a…