Tag #Student Loan Debt

nrc.nl
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Dutch Employers Offer Tax Breaks to Ease Student Loan Burden

A 32-year-old Dutch psychologist details her €20,000 student loan struggle, highlighting how many employers now offer tax-advantaged repayment plans to attract and retain employees, particularly beneficial for the 'unlucky generation' facing higher debt due to changes in student funding between 2015...

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36% Bias Score

Reduced Inequality
forbes.com
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GOP Tax Plan Threatens Student Loan Interest Deduction

House Republicans propose eliminating the student loan interest deduction, potentially impacting 12.7 million taxpayers who saved over \$1.6 billion in 2020, adding to financial strain amid uncertainty over loan forgiveness and high debt levels.

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64% Bias Score

Reduced Inequality
etudiant.lefigaro.fr
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Biden Cancels $4.28 Billion in Student Loan Debt for Public Servants

President Biden canceled $4.28 billion in student loan debt for 55,000 public servants, including teachers, nurses, and military personnel, bringing the total number of beneficiaries under his administration to nearly five million, despite a previous Supreme Court ruling against a broader plan.

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44% Bias Score

Reduced Inequality
forbes.com
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Reinstated PAYE and ICR Student Loan Plans Face Processing Delays

The Department of Education reopened the PAYE and ICR student loan repayment plans on December 16, 2024, due to legal challenges to the SAVE plan; however, processing applications may take over 8 weeks, and loan forgiveness under these plans is currently unavailable.

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32% Bias Score

Quality Education
cnbc.com
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Student Loan Debt Rose Despite Biden's Record Forgiveness

President Biden forgave $188.8 billion in student loan debt for 5.3 million borrowers, yet total federal student loan debt still rose from $1.59 trillion in 2021 to $1.64 trillion by late 2024 due to high college costs and a 3.5-year payment pause, exceeding new borrowing by over $300 billion.

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36% Bias Score

Quality Education
cnbc.com
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Biden Administratrion Forgives $4.5 Billion in Student Loans for Ashford University Students

The Biden administration announced $4.5 billion in student loan forgiveness for 261,000 borrowers who attended Ashford University due to the university's deceptive recruitment practices, which were revealed in a California lawsuit that resulted in a $20 million penalty against Ashford's parent compa...

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56% Bias Score

Quality Education
theguardian.com
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Trump Win Threatens Biden's Student Loan Forgiveness Program

President-elect Donald Trump's win threatens to reverse President Biden's student loan forgiveness programs, impacting millions of borrowers who have received or are awaiting debt relief, as seen in the experiences of borrowers like Mary Ann Rockwell, Sarah Babcock and Chris Alldredge.

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52% Bias Score

Reduced Inequality
cnbc.com
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Student Loan Payment Matching in 401(k) Plans Gains Traction

The Secure 2.0 Act, effective 2024, lets companies match employee student loan payments with 401(k) contributions; over 100 firms, covering 1.5 million workers, have adopted this, boosting retirement savings and attracting talent.

Progress

40% Bias Score