Americans aged 26 to 41 must face the "unhappy choice between massive debt or no education," a new survey said.

A major student-loan lender will cancel $1.7 billion in debt for 66,000 borrowers, and pay $95 million in restitution to about 350,000 more.

John Kennedy and Elizabeth Warren invited student-loan servicers to testify at a hearing in April. They're accusing one CEO of giving false testimony.

Sen. Warren, who pushed for his appointment, said he would "apply his fearlessness and expertise to protecting student loan borrowers."

The NAACP, ACLU, and other civil rights organizations said the student debt burden disproportionately falls on women and Black and Latino borrowers.

Department of Education data obtained by Yahoo Finance found that $10,000 in student-debt cancelation would cancel 35% of borrowers' loans.

Federal repayment programs were first introduced over two decades ago, but only 32 student loan borrowers have qualified for full forgiveness in the history of the program.

President Joe Biden has thrown his support behind $10,000 in student loan forgiveness. But a quarter of Americans want it all forgiven.

President Biden rejected a Democratic plan to eliminate $50,000 of student debt per borrower, but supports relieving $10,000 per borrower.

Outgoing Secretary of Education Betsy DeVos advised Congress to vote against student loan forgiveness, according to a letter obtained by CBS News and Politico. “Across-the-board forgiveness of college debts is not only unfair to most Americans, it is also the most regressive of policy proposals – rewarding the wealthiest sector […]

Biden rejected cancelling $US50,000 in student debt per borrower, but supports cancelling $US10,000. Insider broke down the maths of cancelling student debt at various thresholds. Experts said forgiveness could boost the economy and benefit minorities and low-income households. Visit Business Insider’s homepage for more stories. Layla is in no rush […]

To save for grad school in five years, set a clear goal for how much you want to have saved. Consider your current living costs plus tuition, factor in anything you’ll earn while in school, and then decide how much you may need to borrow. Consider refinancing any private student […]

In accordance with the CARES Act, federal student loans have been automatically put into forbearance, which should not affect borrowers’ credit scores. However, Politico reports that student loan borrowers whose accounts were put into forbearance noticed their credit scores drop after a reporting error by student loan servicer Great Lakes. […]

Following the economic fallout from the coronavirus pandemic, the Federal Reserve slashed interest rates to 0.25%. That cut, while not beneficial for those looking to maximise gains on savings, could push interest rates on student loans to record lows, saving money for people taking out student loans in the future. […]

More than 45 million Americans have student loan debt, and it’s affecting their ability to build wealth. The 2007 Public Service Student Loan Forgiveness (PSLF) program invites public sector workers to apply for loan forgiveness after 120 qualifying student loan payments (or about 10 years of work in a qualifying […]

On Tuesday, New York representative Alexandria Ocasio-Cortez made a student loan payment while sitting in on a House Financial Services Committee hearing. Ocasio-Cortez also revealed she still has $US19,000 worth of loans to pay off. Ocasio-Cortez used the moment to urge her fellow representatives to act on finding solutions for […]

An Iowa carpenter worked for 67 years and saved just over $US3 million. Dale Schroeder never had children of his own and used the money to send needy strangers to school. Fourteen years after his death in 2005, the last of his scholarship funds have run dry and 33 students […]