Washington, DC, on December 19, 2023. The Biden administration recently launched a new buyback option for student loan forgiveness under the PSLF program. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images The Education Department rolled out a new pathway to student loan forgiveness for public service … Read more
Student loan repayments resumed in October after a three-year pandemic-era pause and the Supreme Court this summer dashed hopes for relief by blocking President Biden’s plan to erase up to $20,000 in debt for eligible borrowers. With the resumption of payments proving a financial hardship for many Americans, some people are turning to other means to … Read more
The Department of Education announced Monday that it is withholding millions of dollars in payment to the student loan servicer Missouri Higher Education Loan Authority (MOHELA) over billing statement errors it made. The department said MOHELA “failed to meet its basic obligation” of getting the statements out in a reasonable timeframe, resulting in 2.5 million … Read more
This fall, in addition to welcoming back PSLs, Uggs and scarves, many Americans have also had to also accept a more unwelcome, less cozy thing back into their lives: student loans. To soften the blow to their wallets, a major pizza chain has introduced a unique offer. On Oct. 25, Domino’s Pizza announced it’s giving away $1 million worth … Read more
The Biden administration restarted student loan bills for 40 million Americans this month. So far, the transition is proving painful for many borrowers. Education Secretary Miguel Cardona, at rear, listens as Vice President Kamala Harris speaks in Washington, D.C., June 2, 2022. Olivier Douliery | Afp | Getty Images Amberlee McGaughey, a librarian in Pennsylvania, … Read more
Astra Taylor has a résumé that defies the notion of résumé building. She is a writer, documentary filmmaker, and organizer, and, during the past couple of decades, her itinerant intellect has taken her cruising around New York in a Volvo with Cornel West (for her 2008 documentary on philosophers, “Examined Life”), interviewing Syrian refugees in … Read more
Welcome to Bw Daily, the Bloomberg Businessweek newsletter, where we’ll bring you interesting voices, great reporting and the magazine’s usual charm every weekday. Let us know what you think by emailing our editor here! If this has been forwarded to you, click here to sign up. With the US Federal Reserve keeping interest rates pinned … Read more
How To Stop Fighting About Money: Millennial, Gen Z Couples Split … Bloomberg Source link