loan forgiveness

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They Think Their Student Loans Will Vanish. There's a Problem

When the 20 years are up, there's a tax bill

(Newser) - For some 3.2 million Americans who work in the private sector, it has apparently seemed like a good deal: Lock in their monthly federal student-loan payments at 10% of their discretionary income. Make those payment for 20 years (25 if it's graduate school debt, notes Forbes ). Hit... More »

Trump Budget Calls for Big Changes to Student Aid

Document sets out plan to end subsidies

(Newser) - The Trump administration is proposing to eliminate subsidized student loans and end student debt forgiveness for those who enter public service, according to a budget document released late Monday. The proposals are likely to face criticism amid calls to make college more affordable and as millions are struggling to pay... More »

Many Parents Have to Pay Off Dead Kids' Student Loans

Families often have little legal recourse in these cases

(Newser) - Probably the last thing parents mourning a deceased child want to do is deal with late notices from creditors—especially when those notices are for a student loan taken out by their lost loved one. That's what happened to pastor Steve Mason, who found himself saddled with a $100,... More »

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