SAVE Plan Partially Blocked by Federal Court
Two federal judges have temporarily blocked parts of the SAVE student loan income-driven repayment plan. The SAVE Plan, (Saving on a Valuable Education) replaced REPAYE and was planned to be fully rolled out in July. Borrowers on SAVE can lower their monthly payments...
Federal Student Loan Interest Rates Rising
Federal Student Aid announced that Direct Loan Interest Rates for student loans disbursed for the 2024-2025 school year will increase from last year. Interest rates are determined annually and set for a 12-month period. Rates are determined by a formula tied to yields...
Go Beyond Student Loan Debt: Time for Real Education Financing Solutions
by Balaji Rajan Let’s face it. The focus on student loan debt is an election play and not a “good for the public” policy. This has been the case since 2008. Of course, student loan debt issues must be resolved. But as Education Analyst Carlo Salerno said, “You must...