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☆ Biden administration report warns grad school borrowing is 'cause for concern'
▼ + stars: | 2023-08-15 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Gatot Adriansyah | Istock | Getty ImagesThe share of federal education debt going to graduate students is at its highest point in history, a new report by the U.S. Department of Education finds. Alarmingly, as graduate school borrowing increases, wages for those with an advanced degree haven't risen nearly as much. "A closer look at borrowing trends and the outcomes of graduate programs … suggest cause for concern," department economists wrote. In 2006, the Education Department introduced the Grad PLUS loan program, which lets graduate students borrow as much as it costs to attend their program. On average, graduate students with debt in 2016 borrowed about $66,000 in total to finance their advanced degree, up from roughly $53,000 in 2000.

Persons: Gatot, haven't Organizations: Istock, U.S . Department of Education, Education Department, Grad PLUS

☆ Federal student loan borrowers can now apply for the SAVE repayment plan—see if you qualify for $0 monthly payments
▼ + stars: | 2023-08-01 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

The Department of Education on Monday released a beta form application for the new Saving on a Valuable Education repayment plan for federal student loan borrowers. The new income-driven repayment plan replaces the Revised Pay as You Earn plan and aims to give borrowers the most affordable monthly payment. Like REPAYE, the SAVE plan caps monthly payments at a percentage of your discretionary income, currently 10%. If you have federal direct unsubsidized or subsidized, consolidated, or grad PLUS loans you can apply to enroll in the SAVE plan now on the Federal Student Aid website. If you were already enrolled in the REPAYE plan, you will automatically be transferred into the SAVE plan.

Organizations: of Education, Monday, Federal, Aid

☆ How to Pay Off Your Student Loans
▼ + stars: | 2023-06-28 | by ( Rebecca Safier | ) www.wsj.com time to read: +13 min

Here’s how to pay off student loans in a way that works for your budget and goals. Look into specialized loan forgiveness programsWhile the Supreme Court hasn’t shared its ruling on Biden’s widespread forgiveness initiative yet, there are other options for loan discharge, such as Public Service Loan Forgiveness and Teacher Loan Forgiveness. You can pay off federal student loans early, as there’s no student loan prepayment penalty. If you want to retain access to federal protections, it wouldn’t make sense to refinance your federal student loans. In the end, there’s no single right way to pay off student loans faster.

Persons: Rebecca Safier, Biden’s, ”, Robert Farrington, you’re, you’ve, Michael Lux, “, Farrington, Autopay, servicers, autopay, servicer Nelnet, hasn’t, Adam Minsky, You’ll, Mark Kantrowitz Organizations: Education Department, College Investor, millennials, Federal, Aid, Grad, Student Loan Sherpa, Student Aid, autopay, Peace Corps, Corinthian, Education Locations: “, SavingforCollege.com

☆ One of the government's biggest initiatives to make it easier to take out student loans for grad school backfired and made tuition more expensive
▼ + stars: | 2023-06-09 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Graduate student debt now accounts for 47% of new student loans, according to the Congressional Budget Office. Federal graduate student loans have no effective cap unlike undergraduate loans, which are capped at $57,500 in Federal Student Aid. This has been the case since 2006, when federal graduate student loans were capped at $18,500. The average student debt for a master's degree for the 1999-2000 school year came in at $36,600, compared with $55,540 in 2016. The bipartisan debt-ceiling deal mandates student loan payments must resume by Aug. 30.

Persons: Biden's, —, Sandra Black, Lesley Turner, Jeffrey Dunning, Joe Biden's, Donald Trump, Trump, Biden Organizations: Street, Service, Research, Grad PLUS, Universities, Congressional, Federal, Federal Student Aid, Congress, CBO, Grad, Biden, Secretary, Republican, Street Journal, White, Politico, Department Locations: Texas

☆ Elizabeth Warren wants Biden's Education Department to go beyond broad student-loan forgiveness and crack down on the institutions that cause borrowers' debt loads to spiral
▼ + stars: | 2023-03-27 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Sen. Elizabeth Warren sent a letter to the Education Department with recommendations to better protect student-loan borrowers. Biden's Education Department has reformed the borrower defense to repayment, which are claims students can file if they believe they were defrauded by the school they attended. In her letter, Warren urged Cardona to ensure predatory schools cannot receive federal aid. It aimed to prevent students from borrowing federal loans for programs they probably wouldn't be able to pay off. But in 2010, former President Donald Trump repealed the rule, and Biden's Education Department pushed off reinstating it until 2024.

☆ Student-loan borrowers with graduate school debt should get more relief under Biden's new proposal to make monthly payments cheaper, a top Democratic lawmaker says
▼ + stars: | 2023-02-13 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The public comment period for Biden's proposals to reform income-driven repayment plans just ended. Rep. Bobby Scott, top Democrat on the House education committee, suggested relief be expanded for graduate students. "I propose decreasing the time of repayment for graduate loans under REPAYE from 25 years to 20 years in the final rule," Scott wrote. "Parity between the undergraduate and graduate loan repayment timelines would incentivize borrowers to enroll in the more generous REPAYE plan and reduce confusion when deciding on a repayment plans generally." "I don't live an extravagant life, but just the basic necessities of life, and so I've done the income repayment plan for a while," one borrower previously told Insider.

☆ How to Apply for Student Loan Forgiveness
▼ + stars: | 2022-10-22 | by ( ) www.wsj.com time to read: +15 min

The official student loan forgiveness application is available on the Federal Student Aid website. What you can do now to prepare for student loan repayment and reliefFirst and foremost, you can fill out the application for up to $20,000 in student loan forgiveness on the Federal Student Aid website. “January will almost certainly be a chaotic time for the [student loan] servicers,” says Michael Lux, attorney and founder of The Student Loan Sherpa. You might also check out alternative options for student loan forgiveness, such as Public Service Loan Forgiveness and Teacher Loan Forgiveness. If your state charges a tax rate of 5%, for example, expect to pay about $500 in taxes on $10,000 in loan forgiveness or $1,000 on $20,000 in loan forgiveness.

☆ The student-loan forgiveness application is officially live, and your debt relief is now being processed
▼ + stars: | 2022-10-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Biden officially launched the application site for student-loan forgiveness on Monday. On Monday, Biden announced that the site to apply for student-loan forgiveness is officially live, following a beta test of the website conducted over the weekend. These are the federal loans that are eligible for relief, per the department:Undergraduate loansGraduate loansSpousal loansAnd parent PLUS and grad PLUS loans. The department recommends borrowers apply before mid-November to get the relief into their accounts before payments resume early next year, and student-loan companies will notify borrowers once the relief is processed. During his remarks, Biden maintained he has the legal standing to enact this broad debt relief and he called Republican pushback "wrong and hypocritical" during his remarks.

☆ METEO 12 ianuarie: Cer înnorat şi ninsori slabe. Ce temperaturi ne aşteaptă
▼ + stars: | 2021-01-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Astăzi, în nordul ţării sunt aşteptate ninsori slabe, iar în raioanele din centru şi sudul ţării cerul va fi înnorat. Leova vor fi două grade, iar la Comrat şi Cahul termometrele vor indica trei grade Celsius. La Paris şi Londra termometrele vor indica opt grade, iar la Roma cu unul mai mult. Două grade vor fi la Budapesta, trei la Viena, iar patru la Varşovia. Minus un grad va fi la Bucureşti şi Kiev, iar la Moscova până la minus 12 grade.

Locations: ţării, Briceni, Soroca şi Bălţi, Orhei, Tiraspol, Leova, Comrat, Cahul, Capitală, Europei, Berlin, Madrid, Paris, Londra, Roma, Praga, Belgrad, Budapesta, Viena, Varşovia, Bucureşti, Kiev, Moscova, Atena, Ankara

☆ Cum va fi vremea în data de 12 ianuarie şi câte grade vor indica termometrele
▼ + stars: | 2021-01-11 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

În următoarele 24 de ore, în nordul ţării sunt aşteptate ninsori slabe, iar în raioanele din centru şi sudul ţării cerul va fi înnorat. Leova vor fi două grade, iar la Comrat şi Cahul termometrele vor indica trei grade Celsius.În Capitală, în următoarele 24 cerul va fi acoperit de nori. Ziua va fi un grad, iar noaptea minus trei grade. Două grade vor fi la Budapesta, trei la Viena, iar patru la Varşovia. Minus un grad va fi la Bucureşti şi Kiev, iar la Moscova până la minus 12 grade.

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