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Student LIFE covers the latest information on finance and education. Learn about timely news, developments and perspectives relating to FAFSA, scholarships, student loans, financial aid and other aspects of planning and paying for college as well as budgeting, saving and other money management issues of concern for young adults. This blog has a practical focus, providing insights and advice.
Federal student loan forgiveness and in the U.S. is currently uncertain due to legal challenges.. The SAVE Plan is paused by a federal appeals court, and "Plan B" faces delays due to legal questions about the Department of Education's authority to enforce debt cancellation.
The Fed cutting interest rates can impact various types of debt, but federal student loans are not affected for the current award year. It's important to understand how this rate cut will affect your student loan borrowing.
AI has been changing many aspects of society, including shopping and spending habits. As such, understanding these changes is crucial to modern money management.
Seven Republican-led states have filed a lawsuit against the Biden administration's efforts to implement broad student loan forgiveness. The states claim that the U.S. Department of Education is preparing to unlawfully execute the forgiveness plan, referred to as "Plan B," prior to the release of final regulations.
The U.S. Supreme Court did not lift the suspension on the SAVE Plan, leaving millions of borrowers in limbo. As of now, a decision will need to be issued in the lower courts before the matter can be taken up by the Supreme Court.
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