PYMNTS-MonitorEdge-May-2024

student loans

Biden Administration Unveils Student Loan Repayment Plan
Biden Administration Unveils Student Loan Repayment Plan
August 22, 2023  |  Loans

The Biden Administration has unveiled a student loan repayment initiative that is set to benefit over 20 million borrowers. The Saving on a Valuable Education...

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Some Borrowers See Student Loan Relief Despite Court Ruling
Some Borrowers See Student Loan Relief Despite Court Ruling
August 20, 2023  |  Debt

Earlier this summer, the Supreme Court struck down President Joe Biden’s student loan forgiveness plan. It was bad news for many borrowers, but not all...

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Predictions That Student Loans Would Impact Target’s Earnings May Have Hit the Bull’s-Eye
Predictions That Student Loans Would Impact Target’s Earnings May Have Hit the Bull’s-Eye
August 16, 2023  |  Loans

The retailer’s strategy of appealing to millennials may be backfiring as the generation prepares to lose spending power to student loan repayments.   Once again, consumer...

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Overall Inflation May Be Steady, but Food Prices Tick Up Again
Overall Inflation May Be Steady, but Food Prices Tick Up Again
August 10, 2023  |  Economy

July’s consumer-price index (CPI) showed inflation rising, overall, at a relatively steady pace. But in the devil’s in the details, as they say, and the...

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Report: 300K Student Loan Borrowers Have Died Since Moratorium
Report: 300K Student Loan Borrowers Have Died Since Moratorium
August 07, 2023  |  Loans

Roughly 300,000 student loan borrowers have died since the federal government’s 2020 loan moratorium. And according to a report Monday (Aug. 7) by Bloomberg News, that means...

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CFPB: 44% of Student Loan Borrowers Getting New Providers
CFPB: 44% of Student Loan Borrowers Getting New Providers
July 30, 2023  |  Consumer Finance

When student loans resume this fall, many borrowers will send payments to new providers. Roughly 44% of federal student loan borrowers will have a new...

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Nearly 8% of Borrowers Who Have Not Repaid Student Loans Say They Never Will
Nearly 8% of Borrowers Who Have Not Repaid Student Loans Say They Never Will
July 27, 2023  |  Loans

When it comes to student loans, it’s been three-plus years of paused repayment, a span in which many consumers have seen their financial lifestyle upended...

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Earnest and Nova Credit Team to Offer Loans for International Students
Earnest and Nova Credit Team to Offer Loans for International Students
July 17, 2023  |  Loans

FinTech Earnest has teamed with Nova Credit to offer private student loans for international students. The partnership, announced Monday (July 17), is happening at a time when foreign-born students make up...

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Biden Administration to Forgive $116.6 Billion in Student Loans
Biden Administration to Forgive $116.6 Billion in Student Loans
July 14, 2023  |  Loans

The Biden-Harris Administration is providing more than $116.6 billion in student loan forgiveness to 3.4 million borrowers. The Department of Education will begin notifying 804,000 of those...

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