The president’s decision to provide $10,000 in federal student debt reduction will benefit about 177,000 borrowers who live in Maine, the Maine Center for Economic Policy estimates.
student debt
Posted inNation / World, News, Schools & Education
Who qualifies for Biden’s plan to cancel $10,000 in student debt?
The White House estimates roughly 43 million federal student loan borrowers are eligible for forgiveness, and about 20 million could have their debt completely wiped out.
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Posted inBusiness, Nation / World, News
Biden’s student loan forgiveness plan could help more than 40 million people
Borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness.
Posted inNation / World, Schools & Education
Biden nears decision on canceling $10,000 in student loans as allies feud
Borrowers are scheduled to resume student loan payments Aug. 31 unless the White House extends the current pause.
Posted inOpinion, Perspective
Who has student loan debt in America?
Public awareness of education debt is high amid debates over loan forgiveness, yet little is discussed of how the debt shakes out.
Posted inOpinion, Perspective
The next inflation-driven worry: Rising college tuition
Colleges kept tuition increases to a minimum early in the coronavirus pandemic. Now high inflation is pushing many to adopt substantial tuition hikes.
Posted inMaine, News, Schools & Education
USM wipes away about $2 million in student debt
The university said it excused all student debt acquired between spring 2020 and summer 2021, during the COVID-19 pandemic.
Posted inBusiness, Maine, Politics, Schools & Education
Maine might cut student loan debt for first-time homebuyers
The bill would provide one-time funds for mortgages to first-time homebuyers who have student loan debt.
Posted inMaine
Legislature eyes a simplified, expanded student loan credit to help Mainers pay student debt
About 25,000 more would likely benefit from the proposed annual tax credit change to offer up to $2,500 to most Mainers who have student debt
Posted inBusiness, Maine, News, Schools & Education
Maine borrowers will benefit from Navient student loan settlement
The student loan servicer would cancel some debts and pay restitution to some borrowers under an agreement with attorneys general in Maine and other states.