Tag: university

Biden administration cancels $500 million of student debt of scammed students

Roughly 18,000 borrowers who were scammed by their college will have their federal student loans discharged, amounting to approximately $500 million in relief, the Department...

Why inflation could create a ‘giant wealth transfer’ from lenders to borrowers

Higher prices for rental cars, airplane tickets and uncooked beef roasts have economists and consumers wondering whether we’re living through the start of an inflationary...

Tens of thousands of public servants face delays accessing student-loan relief — due to a simple oversight

In 2007, the government promised teachers, social workers and firefighters that if they worked in public service and made payments on their student loans for...

Tennessee Scientist Is First to Go on Trial on Charges He Hid Work in China

Until last year at the University of Tennessee, Anming Hu studied, among other things, how to join certain metals together using materials that are more...

I’m 49, my wife is 34, we have 4 kids and $2.3 million saved. I earn $300K a year but ‘lose a lot of sleep worrying about tomorrow’ — when can I retire?

I am 49 years old (turning 50 this year) and my wife is 34. We have two young children under the age of 2, and...

Amid bitcoin and dogecoin chaos, college students and graduates insist they’re going long on crypto

It’s not just Tesla CEO TSLA, -1.01% Elon Musk — the crypto correction is causing unease among college students and recent graduates. But if you’ve...

Do you have to pay taxes on withdrawals from 529 college-savings plans? Here’s how to avoid an unpleasant surprise

Are you among the many who have invested in a tax-favored Section 529 college savings plan for the benefit of a child or grandchild? If...

‘There’s just not that same social mobility’: First-generation college graduates still lag behind their peers financially

Like many newly minted college graduates, Toby Irenstein is preparing for her future.  Unlike many recent graduates, Irenstein, 21, can’t use her family experience as...

I’m 63 years old, recently divorced with $130,000 in debt. How will I ever retire?

I am 63 years old and recently divorced. I earn $68,000 a year and had always planned to retire when I reach my Full Retirement...

Joe Biden has been pitching free community college since the Obama administration — can he now make it a reality?

During his state of the union address in 2015, then-President Barack Obama pitched Congress and the American public on what he described as a “bold...

Opinion: COVID has made getting into a top U.S. college even more competitive and this new normal looks here to stay

COVID-19 has upended higher education in many ways, not least the admissions process. Colleges have moved to virtual tours and college fairs and, most significantly,...

The government promised to forgive military members’ student loans after 10 years of service — it’s only worked for 124 of them

Almost 3 million people are employed by the Department of Defense, many of whom are performing a quintessential form of public service: Serving in the...

Student loan servicer Navient illegally deceived borrowers, judge finds

Student loan servicer Navient NAVI, +2.06% illegally deceived borrowers, parents, grandparents and others who put their credit on the line when they co-signed their relatives’...

‘It feels predatory’: 6 million people are not eligible for a COVID-19 pause on student-debt payments — even if they work in public service

When the federal government declared the coronavirus pandemic a national emergency in March, Christopher Granado continued sending $730 each month to pay his federal student-loan...

DeVos appointee who oversaw America’s student-loan portfolio resigns as Biden education secretary pledges to ease student-debt burden

Mark Brown, the head of the office overseeing the government’s student-loan portfolio, resigned Friday, following calls on the Biden administration to remove Brown, who was...

‘They can’t coerce the states into doing anything:’ Biden does NOT have the power to enforce in-person learning at K-8 schools — here’s why

Over the past few weeks the question of whether the Biden administration will achieve a campaign promise to reopen the majority of schools in its...

State attorneys general call on Biden to cancel up to $50,000 in student debt to provide ‘immediate relief to millions’

A multistate coalition of Democratic attorneys general is calling on President Joe Biden to cancel up to $50,000 in student debt per borrower.  The letter...

Elizabeth Warren calls for new leadership to oversee student loans — and calls Betsy DeVos era a ‘disaster’

When Congress ordered the Department of Education to stop garnishing the wages of borrowers who defaulted on their student loans as part of the CARES...

President Biden removes key figure at National Labor Relations Board — union leaders rejoiced

Amid a flurry of first-day orders and actions, President Joe Biden’s administration showed the door to a top-ranking lawyer at a labor agency meant to...

Biden administration to extend student loan payment pause on Day 1, transition officials say

Once in office, President-elect Joe Biden will extend the coronavirus-era payment pause on student loans, a member of his transition team told reporters Friday.  “On...

Why it matters when this stimulus check money hits your account.

As the Internal Revenue Service starts cutting a second round of direct relief checks, the waiting may be the hardest part for people who just...

Biden on using executive action to cancel $50,000 in student debt: ‘I think that’s pretty questionable’

President-elect Joe Biden said he is “unlikely” to use his authority to unilaterally cancel $50,000 in student debt for individual borrowers, weighing in on a...

The new stimulus bill didn’t extend the student-loan payment pause — but it has 8 provisions that will affect how families pay for college

Whether borrowers will resume paying their student loans on February 1 will likely be up to President-elect Joe Biden, after Congress left any pause on...

Electoral College anoints Joe Biden as president-elect amid threats of violence and Trump protests

The Electoral College formally declared Joe Biden president-elect Monday, after California cast its 55 votes for the former vice president and put him beyond the...

I paid for my wife’s M.A. and vacations. I suggested we save for a house, but she left me — and my in-laws told me to be a man

I am 31 years old and my wife is 30. We both live in New York. We have been married for four years. She makes...