House GOP Proposal to Eliminate Lifetime Learning Credit
A Republican proposal seeks to eliminate the Lifetime Learning Credit (LLC), a tax benefit allowing up to a $2,000 deduction for higher education expenses, impacting graduate students who already face significant debt; the proposal is part of a broader plan to offset tax cuts.
House GOP Proposal to Eliminate Lifetime Learning Credit
A Republican proposal seeks to eliminate the Lifetime Learning Credit (LLC), a tax benefit allowing up to a $2,000 deduction for higher education expenses, impacting graduate students who already face significant debt; the proposal is part of a broader plan to offset tax cuts.
Progress
52% Bias Score
Federal Student Loan Collections to Resume in 2024
The U.S. Department of Education will resume collecting on defaulted federal student loans in 2024, impacting 5.5 million borrowers; wage garnishment starts in October, and Social Security offsets may begin in August; the Biden administration implemented measures to lessen the impact, including expa...
Federal Student Loan Collections to Resume in 2024
The U.S. Department of Education will resume collecting on defaulted federal student loans in 2024, impacting 5.5 million borrowers; wage garnishment starts in October, and Social Security offsets may begin in August; the Biden administration implemented measures to lessen the impact, including expa...
Progress
36% Bias Score
Conflicting Credit Reporting Changes Impact Millions of Americans
The CFPB will remove \$49 billion in medical debt from credit reports, impacting 15 million people, while protections ending for millions of federal student loan borrowers will result in negative credit reporting.
Conflicting Credit Reporting Changes Impact Millions of Americans
The CFPB will remove \$49 billion in medical debt from credit reports, impacting 15 million people, while protections ending for millions of federal student loan borrowers will result in negative credit reporting.
Progress
48% Bias Score
Student Loan Borrowers Face Uncertainty as Biden Exits Office
As President Biden leaves office, the future of student loan forgiveness programs is uncertain, prompting 40 million borrowers to explore alternative repayment options such as PSLF, Pay As You Earn, and Income-Contingent plans, while deferments and forbearances remain available for those facing fina...
Student Loan Borrowers Face Uncertainty as Biden Exits Office
As President Biden leaves office, the future of student loan forgiveness programs is uncertain, prompting 40 million borrowers to explore alternative repayment options such as PSLF, Pay As You Earn, and Income-Contingent plans, while deferments and forbearances remain available for those facing fina...
Progress
48% Bias Score
Warren Proposes Bankruptcy Reform to Ease Financial Hardship
Senator Elizabeth Warren reintroduced the Consumer Bankruptcy Reform Act on Wednesday to simplify and reduce the cost of the bankruptcy process for individuals, proposing two new routes and addressing issues like student loan debt, as personal bankruptcy filings rise in 2024.
Warren Proposes Bankruptcy Reform to Ease Financial Hardship
Senator Elizabeth Warren reintroduced the Consumer Bankruptcy Reform Act on Wednesday to simplify and reduce the cost of the bankruptcy process for individuals, proposing two new routes and addressing issues like student loan debt, as personal bankruptcy filings rise in 2024.
Progress
40% Bias Score
Trump's Plan to Abolish Department of Education Faces Hurdles, Poses Risks to Student Loan Borrowers
President-elect Trump and Congressional Republicans seek to abolish the U.S. Department of Education, a move facing significant political hurdles; even if successful, student loan programs would likely be transferred to other agencies, potentially causing operational disruptions and harming borrower...
Trump's Plan to Abolish Department of Education Faces Hurdles, Poses Risks to Student Loan Borrowers
President-elect Trump and Congressional Republicans seek to abolish the U.S. Department of Education, a move facing significant political hurdles; even if successful, student loan programs would likely be transferred to other agencies, potentially causing operational disruptions and harming borrower...
Progress
36% Bias Score
Trump Administration May Limit Student Loan Forgiveness
The Trump administration's potential changes to student loan repayment programs could significantly impact millions of borrowers, focusing on cost reduction in higher education rather than debt forgiveness, potentially leading to increased financial burdens and administrative complexities.
Trump Administration May Limit Student Loan Forgiveness
The Trump administration's potential changes to student loan repayment programs could significantly impact millions of borrowers, focusing on cost reduction in higher education rather than debt forgiveness, potentially leading to increased financial burdens and administrative complexities.
Progress
48% Bias Score
Trump's Incoming Administration Plans Sweeping Changes to Federal Education Policy
President-elect Trump's incoming administration plans sweeping changes to federal education, potentially eliminating the Department of Education, a move opposed by current Secretary Miguel Cardona who highlights the Department's role in protecting vulnerable student populations and cites the success...
Trump's Incoming Administration Plans Sweeping Changes to Federal Education Policy
President-elect Trump's incoming administration plans sweeping changes to federal education, potentially eliminating the Department of Education, a move opposed by current Secretary Miguel Cardona who highlights the Department's role in protecting vulnerable student populations and cites the success...
Progress
44% Bias Score
Wildfire Victims Get Student Loan Relief
Federal student loan borrowers affected by federally declared natural disasters, such as the Southern California wildfires, may qualify for a 90-day (with possible extensions) natural disaster forbearance under the Heroes Act of 2003, automatically granted in many cases, though interest continues to...
Wildfire Victims Get Student Loan Relief
Federal student loan borrowers affected by federally declared natural disasters, such as the Southern California wildfires, may qualify for a 90-day (with possible extensions) natural disaster forbearance under the Heroes Act of 2003, automatically granted in many cases, though interest continues to...
Progress
32% Bias Score
Student Loan Repayment Plans Reopened Amid SAVE Plan Legal Battles
The U.S. Department of Education reopened the Pay As You Earn and Income-Contingent Repayment plans for student loans due to legal challenges against the new SAVE plan, offering borrowers more options for managing their debt while the SAVE plan is in legal limbo.
Student Loan Repayment Plans Reopened Amid SAVE Plan Legal Battles
The U.S. Department of Education reopened the Pay As You Earn and Income-Contingent Repayment plans for student loans due to legal challenges against the new SAVE plan, offering borrowers more options for managing their debt while the SAVE plan is in legal limbo.
Progress
48% Bias Score
Trump's Second Term: Uncertainty Looms for Student Loan Borrowers
The incoming Trump administration's plans to potentially abolish the Department of Education and limit student loan forgiveness programs raise concerns for borrowers, particularly regarding the future of existing repayment plans and the potential shift towards private lending.
Trump's Second Term: Uncertainty Looms for Student Loan Borrowers
The incoming Trump administration's plans to potentially abolish the Department of Education and limit student loan forgiveness programs raise concerns for borrowers, particularly regarding the future of existing repayment plans and the potential shift towards private lending.
Progress
52% Bias Score
GOP Plan to Eliminate Time-Based Student Loan Forgiveness
Republican lawmakers plan to eliminate time-based student loan forgiveness for new borrowers starting July 1, 2024, replacing existing income-driven repayment plans with a new plan that lacks forgiveness after 20 or 25 years, potentially leaving some borrowers in lifelong debt; this is part of a bro...
GOP Plan to Eliminate Time-Based Student Loan Forgiveness
Republican lawmakers plan to eliminate time-based student loan forgiveness for new borrowers starting July 1, 2024, replacing existing income-driven repayment plans with a new plan that lacks forgiveness after 20 or 25 years, potentially leaving some borrowers in lifelong debt; this is part of a bro...
Progress
52% Bias Score