Retailers pare back their seasonal hiring to prepare for ho-hum holidays
Economists, as well as retailers, have signaled that they are worried about the effects of the return of student loan payments on the health of the economy.
Attempt to kill Biden student debt relief plan tied to income fails in U.S. Senate
WASHINGTON — U.S. Senate Republicans on Wednesday night failed to garner enough votes to block a new Biden administration rule on an income-driven repayment plan for federal student loans. The resolution did not pass, 49-50. Sen. Joe Manchin of West Virginia was the sole Democrat who joined Republicans in backing the resolution. Sen. Tim Scott […]
Borrowers weigh personal, professional options as student loan payments resume
Economists say that hundreds of dollars spent on monthly student loan payments is a loss to the economy and could hurt consumer spending, affect workers’ decisions to stay at their current job or look elsewhere, and delay new home purchases.
Student loan repayments restart Oct. 1, even if there’s a government shutdown
Pennsylvania, which has more than 1.85 million federal student loan borrowers, with a total of more than $66.5 billion owed, according to U.S. Department of Education data, could see employment rates and its Gross Domestic Product (GDP) fall as a result of resuming student loan repayment.
More than 800K student loan borrowers to have debt forgiven, White House announces
More than 43M Americans have student loan debt, and federal estimates show that debt totals more than $1.76T.
Vulnerable U.S. House Republicans who opposed student debt plan targeted in 2024
The White House lambasted the decision and announced what it called new actions to provide debt relief for student loan borrowers, including its Saving on a Valuable Education, or SAVE, plan, which the administration says will cut payments for low earners.
Here’s what’s next now that Biden’s student loan program has been canceled | Analysis
More than 43M Americans owe $1.64T in federal student loans, with an average balance of $46K.
U.S. Supreme Court rules against Biden administration student loan debt relief plan
More than 43M Americans have student loan debt, with the estimated total pegged at more than $1.76T.
Pa.’s U.S. Rep. Smucker: Biden’s student loan forgiveness plan is a ‘bailout’
U.S. House GOP lawmakers zeroed in on culture war issues as they grilled U.S. Education Secretary Miguel Cardona.
Biden administration warns U.S. House GOP debt limit bill would slash education
The White House said in a Tuesday statement that President Joe Biden would veto the proposal, calling it “a reckless attempt to extract extreme concessions as a condition for the United States simply paying the bills it has already incurred.” Biden has said debt limit legislation should not be tied to spending reductions.
Black student loan borrowers at risk as U.S. Supreme Court weighs forgiveness plan
Black borrowers hold a disproportionate share of student loan debt, and many likely were recipients of Pell Grants.
Pa. Repubs ask SCOTUS to toss Biden’s student loan program | Wednesday Morning Coffee
All but two of the state’s GOP lawmakers on Capitol Hill signed on to a friend of the court brief.