Latest Student loans News

Toulouse Oliver says she'll release tax info in Senate race

Jul. 26, 2019 7:08 PM EDT

SANTA FE, N.M. (AP) — Secretary of State Maggie Toulouse Oliver pledged Friday to release her tax returns as soon as next week in her bid for the Democratic nomination to an open U.S. Senate seat in 2020. "It's really a matter of transparency," said campaign spokeswoman Heather Brewer. "If the public wants...

Rhode Island sets new standards for student loan servicing

Jul. 26, 2019 3:19 PM EDT

PROVIDENCE, R.I. (AP) — Rhode Island has enacted a student loan bill of rights to protect borrowers from deceptive lending practices. The law took effect with the governor's signature last week. Treasurer Seth Magaziner said Thursday it provides important protections for student borrowers and makes it...

Feds find potential fraud in student loan repayment plans

Jul. 25, 2019 6:50 PM EDT

Tens of thousands of federal student loan borrowers may be getting their monthly payments lowered by lying about their income and family size, yet the U.S. Education Department is doing little to catch them, according to a report released Thursday by a federal watchdog agency. Among the most extreme cases...

Maryland helps people with student loans purchase homes

Jul. 21, 2019 9:01 AM EDT

ANNAPOLIS, Md. (AP) — A Maryland initiative to help residents with education loans purchase their first home and wipe out college debt at the same time is taking off. Maryland SmartBuy has helped home buyers pay off a total of $7 million in student debt since its inception in 2016, according to the state...

Teachers union sues DeVos over embattled loan relief program

Jul. 11, 2019 6:37 PM EDT

One of the nation's largest teachers' unions sued the U.S. Education Department on Thursday over a federal program that promises to forgive student loans for public workers but has been beset by problems. The American Federation of Teachers filed a federal lawsuit in Washington alleging that the department has...

North Carolina votes for personal finance classes in schools

Jun. 27, 2019 5:21 PM EDT

RALEIGH, N.C. (AP) — Despite objections from some teachers, a bill requiring North Carolina schools to add a personal finance class cleared the final hurdle in the state's General Assembly. The House approval Thursday sends the measure to Gov. Roy Cooper for his signature. Identical mandates for a personal...