Canceling student debt has an extraordinary effect on people’s income and credit worthiness

Senator Elizabeth Warren, a Massachusetts Democrat and presidential candidate, wants to cancel student debt for millions of borrowers.....»»

Credit card debt woes and student loans are just a small part of the reason why people shy away from becoming homeowners. The real culprit may be insufficient income, according to a study from Bankrate.com......»»

Credit card debt woes and student loans are just a small part of the reason why people shy away from becoming homeowners. The real culprit may be insufficient income, according to a study from Bankrate.com......»»

Many of us have experienced the desperation that comes from crushing debt at one point in our lives. Whether it’s student loans, car payments, credit card balances, or all of the above, debt is one........»»

A JPMorgan Chase study found that student debt cancellation disproportionately benefits middle- and high-income families. Eric Raptosh Photography/Getty Images JPMorgan found student debt cancellation would mostl.....»»

More people in the United States appear to be struggling to keep up with their credit card and student loan debt, which could put pressure on one of the strongest drivers of economic growth......»»

Canceling existing student debt would make many people who scrimped and saved and were prudent and paid their debts feel like suckers......»»

A debt collector seizes a senior's Social Security. A student-loan servicer steers borrowers to detrimental options instead of income-based repayment plans. A credit agency lets hackers pilfer... To view the full story, click the title link......»»

LendingTree found that of the Americans using stimulus checks to pay off debt, 56% are putting them toward student loans and credit cards. .....»»

Press Secretary Jen Psaki avoided getting into specifics, including what Biden's position is beyond pushing for le.....»»

Biden wants to look into canceling student-loan debt up to $50,000, the White House chief of staff, Ron Klain, said in a Polit.....»»

Biden wants to look into canceling student loan debt up to $50,000, White House Chief of Staff Ron Klain said in a POLITICO Playbook interview. President Joe Biden speaks during a news conference in the East Room .....»»

Miguel Cardona's first major act reverses a Trump-era policy, providing about $1 billion of cancelation for student loans related to fraud. Supachok Pichetkul / EyeEm/Getty Images The Dept. of Education just said it's canceling de.....»»

Thursday's top personal finance stories.....»»

One student-loan borrower is slated to pay off her debt when she’s 87, despite a career in public service......»»

"We are not going to let up until w.....»»

As one of the roughly 43 million people who owe $1.6 trillion in student loan debt, I pray that incoming President Joe Biden changes his position and forgives the entire lot. But I doubt that will happen. So until then, I will settle for an indefini.....»»

Researcher Fenaba Addo says f.....»»

The coronavirus pandemic has complicated the process mortgage lenders use to underwrite home loans for people with student debt......»»

There should be nothing controversial about canceling student debt There should be nothing controversial about canceling student debt.....»»