Latest Student financial aid News

These employers chip in on your student loans

Nov. 14, 2019 12:11 PM EST

Trilogy Health Services, a Louisville, Kentucky-based operator of senior living facilities, has paid $100 a month toward each eligible worker’s student loans over the past four years. Its total outlay: roughly $3 million. That money has made a big difference for Trilogy’s nurses, therapists and...

Millennial Money: You lost your job. Now what?

Nov. 12, 2019 10:01 AM EST

It doesn't matter if you were fired or laid off, whether you saw it coming or were completely blindsided: Losing your job is disorienting. You'll feel like you're in a fog. And yet, in that fog you still need to answer some important questions: How will you pay rent? Put gas in your car? What about your student...

Facing lawsuit, DeVos erases student loans for 1,500

Nov. 8, 2019 6:31 PM EST

Facing a federal lawsuit and mounting criticism, Education Secretary Betsy DeVos on Friday said she will forgive certain student loans for more than 1,500 borrowers who attended a pair of for-profit colleges that shut down last year. Students who attended the Art Institute of Colorado and the Illinois Institute...

Consumer borrowing rises, led by more auto and student loans

Nov. 7, 2019 5:09 PM EST

WASHINGTON (AP) — Consumer borrowing rose in September at a modest pace, driven by more student and auto loans, though a category that mostly includes credit cards fell for the second straight month. The Federal Reserve said Thursday that overall consumer borrowing increased 2.8% to $4.15 trillion. A...

More employers offer workers help paying off student loans

Oct. 29, 2019 1:49 PM EDT

Americans collectively owe nearly $1.5 trillion in student loans — more than twice the total a decade ago. It's a burden that weighs on millions of adults, shaping their life choices and often stunting their financial growth. Now a small but growing number of employers are stepping in to help. About 8% of...

DeVos held in contempt of court in loan forgiveness dispute

Oct. 25, 2019 3:40 PM EDT

WASHINGTON (AP) — Education Secretary Betsy DeVos was held in contempt of court after a federal judge said she violated an earlier order to stop collecting loans from former students of a defunct for-profit college chain. U.S. Magistrate Judge Sallie Kim issued the ruling Thursday in San Francisco, saying...

Millennial Money: Vanquish these 5 financial fears

Oct. 22, 2019 10:32 AM EDT

Fear can consume you. The anxiety of the unknown can drive you to pull the blanket over your head, whether you're worried about a rustling sound outside your bedroom window or that you won't have enough retirement savings. Financial fears — not wanting to check your credit, confront your debt or even...

Biden plan: Free community college, expanded loan programs

Oct. 8, 2019 2:36 PM EDT

Democratic presidential candidate Joe Biden wants to make community and technical college free and federal college loan programs more generous as he shifts leftward but not as far as his 2020 rivals. The former vice president's $750 billion higher education plan represents a major expansion of the federal...

US consumer borrowing up $17.9 billion in August

Oct. 7, 2019 3:30 PM EDT

WASHINGTON (AP) — Consumer borrowing increased at a solid pace in August, helped by the biggest jump in auto and student loans in three years. Total credit rose $17.9 billion after a $23 billion increase in July, the Federal Reserve reported Monday. The August strength came from a $19.8 billion increase in...

Hunger on campus: How college students can get help

Oct. 3, 2019 11:23 AM EDT

When college students paying their own way have a financial hiccup, they have to make hard choices about how to spend their limited funds — and some turn to their food budget to close a gap. Gina Higgins, a mechanical engineering student at North Carolina State University in Raleigh, has paid for school...