Latest Student financial aid News

How to get a student loan refund if you paid during pandemic

Sep. 21, 2022 17:10 PM EDT

NEW YORK (AP) — When President Joe Biden announced a plan to forgive student loan debt, many borrowers who kept making payments during the pandemic wondered if they'd made the right choice. Borrowers who paid down their debt during a pandemic freeze that started in March 2020 can...

How steep Fed rate hikes affect your finances

Sep. 21, 2022 14:08 PM EDT

NEW YORK (AP) — Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. As the Federal Reserve has rapidly increased interest rates, many economists say they fear that a recession is...

NC Senate leader pans exempting student loan forgiveness tax

Sep. 20, 2022 16:41 PM EDT

RALEIGH, N.C. (AP) — Efforts to exempt North Carolina residents from state income tax on the value of student loan forgiveness announced last month by President Joe Biden likely will be unsuccessful given that the state Senate's most influential member opposes them. Democratic Gov....

After cancellation, Dems look to reduce future student debt

Sep. 15, 2022 11:38 AM EDT

WASHINGTON (AP) — Building on President Joe Biden’s student debt cancellation plan, House Democrats on Thursday proposed new legislation that would increase federal student aid, lower interest rates on loans and take other steps to make college more affordable. The bill is being...

Editorial Roundup: Pennsylvania

Sep. 14, 2022 14:48 PM EDT

Wilkes-Barre Citizens' Voice. September 13, 2022. Editorial: State creates, ignores addiction Gambling enables state legislators to bring in revenue indirectly. By taxing gambling operations, politicians remove themselves a step from the people who truly pay the tax...

NC governor wants loan forgiveness exempt from state tax

Sep. 14, 2022 13:09 PM EDT

RALEIGH, N.C. (AP) — North Carolina Gov. Roy Cooper wants the General Assembly to pass legislation exempting individuals from state income tax on the student loan forgiveness announced by President Joe Biden last month. The White House has said the value of that forgiveness — up...

Editorial Roundup: Indiana

Sep. 13, 2022 07:13 AM EDT

Anderson Herald Bulletin. September 9, 2022. Editorial: Immigrant-friendly cities possible due to loopholes There are nearly 200 cities, counties and states in America that are considered sanctuaries for undocumented immigrants. The best known cities are San...

WVa university graduates' transcripts blocked after closure

Sep. 08, 2022 17:01 PM EDT

CHARLESTON, W.Va. (AP) — Holly Martin had just been offered her dream job as a school guidance counselor and was on track to earn her second master’s degree when she got alarming news: State officials in Washington, where she lives, hadn't received her undergraduate transcript. ...

Indiana will tax loan forgiveness, similar to other states

Sep. 06, 2022 15:44 PM EDT

INDIANAPOLIS (AP) — Indiana will tax student debt relief as income, reflecting similar policies in other U.S. states following the Biden administration's announcement of a forgiveness plan last month. The Indiana Department of Revenue confirmed in an email to the Associated Press...

Some states could tax Biden's student loan debt relief

Sep. 04, 2022 09:53 AM EDT

MINNEAPOLIS (AP) — President Joe Biden's student loan forgiveness plan could lift crushing debt burdens from millions of borrowers, but the tax man may demand a cut of the relief in some states. That's because some states tax forgiven debt as income, which means borrowers who are...