student loans

The program to erase student loan debts for millions of borrowers hit a brick wall Thursday when it was blocked by a U.S. District Court judge. The administration quickly appealed the decision.

The Eighth Circuit Court of Appeals issued the stay, ordering the Biden administration not to act on the program while it considers a motion from six Republican-led states to block loan cancellation.

The governor joined 21 other Republicans in denouncing the president’s plan as harming Americans who didn’t go to college.

In a letter to Biden, Republican governors, including Texas Gov. Greg Abbott, say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."

President Joe Biden’s decision to forgive some student loan debt came as a relief to many borrowers. But it was also marked by many for what the policy didn’t do.

The president’s plan would forgive up to $20,000 in student loans for borrowers who received Pell Grants to pay for college, a move that will target low-income borrowers.

The Biden administration extended the freeze on student loan payments yet again, this time until September, and announced a reset for borrowers in default.

Payments on federal student loans have been paused for two years, and the Biden administration appears to be considering extending the pause beyond May.

The Biden administration is trying to figure out how much student debt to forgive and how to go about doing it — through executive action or legislation.

The Federal Reserve says the big increase in student loan debt is creating a noticeable dent in younger people's ability to buy homes. But economists say millennials may eventually catch up.

The nation's student loan watchdog has resigned from the Consumer Financial Protection Bureau, arguing that its current leadership has undermined efforts to protect student borrowers.

Plus, DACA students living in limbo as proposals fly in Washington and new concerns about school funding inequality.