Credit scores decline for millions as US student loan collections restart
Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student loan payments for debt collection.
Student loans
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Carrying a heavy load: Student loan debt weighing down law students, recent grads
Student loan debt can present steep financial obstacles for young attorneys once they graduate from law school, and the Trump administration’s more aggressive collection practices is increasing the struggle.
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Lightening the load: Indiana law schools work to combat student loan debt
As the national conversation around student loan debt continues, law students are seeing their student loan debt rise. Against that backdrop, Indiana’s law schools are taking steps to help their students handle their debt post-graduation.
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2022 in review: Honorable mentions
While the “top stories” of each year are usually easy to define, there are always other stories that, while perhaps not as high-profile, are equally as important to our readers.
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Web Exclusive: Young lawyers say hefty student loans limit life after graduation
A recent survey of nearly 1,100 young lawyers found that many new attorneys are making major financial, personal and career sacrifices as a result of their student loans. That includes decisions ranging from marriage and children to making big purchases or taking vacations. The survey hits home for many young Indiana lawyers.
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Articles
Millions of Americans hit with bad credit after missed student loan payments
Millions of Americans are suddenly facing dramatically lower credit scores from delinquent student loans, making it tougher for them to secure housing, insurance, car loans and even employment at a vulnerable time for the U.S. economy.
Student loans in default to be referred to debt collection, Education Department says
The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.
Trump—with Indiana Gov. Braun on hand—orders plan to dismantle the Education Department
President Donald Trump signed an executive order Thursday calling for the dismantling of the U.S. Education Department, advancing a campaign promise to take apart an agency that’s been a longtime target of conservatives.
Trump wants to end ‘wokeness’ in education. He has vowed to use federal money as leverage
Donald Trump’s vision for education revolves around a single goal: to rid America’s schools of perceived “ wokeness ” and “left-wing indoctrination.”
Trump’s win brings uncertainty to borrowers hoping for student loan forgiveness
President-elect Donald Trump and his fellow Republicans have criticized Biden’s loan forgiveness efforts, and lawsuits by GOP-led states have held up plans for widespread debt cancellation. Trump has not said what he would do on loan forgiveness, leaving millions of borrowers facing uncertainty over their personal finances.
The Biden administration has canceled student loans for more than 1 million in public service jobs
A student loan cancellation program for public service workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the Biden administration two years ago.
Biden’s student loan cancellation is put on hold again after day of legal whiplash
A federal judge in Missouri put a temporary hold on President Joe Biden’s latest student loan cancellation plan on Thursday, slamming the door on hope it would move forward after another judge allowed a pause to expire.
Amid FAFSA delays, Hoosier education officials ramp up efforts to keep applications rolling in
With Hoosier students set to face another year of financial aid application delays, Indiana higher education officials are ramping up efforts to highlight — and encourage — post-secondary options for high school graduates.
Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan
The Supreme Court on Wednesday kept on hold the latest multibillion-dollar plan from the Biden administration that would have lowered payments for millions of borrowers, while lawsuits make their way through lower courts.
Student loan repayments left in limbo
Student loan borrowers across the country have been left in limbo after a federal court issued an injunction on President Joe Biden’s Saving on a Valuable Education (SAVE) Plan.
Biden administration announces another round of loan cancellation under new repayment plan
The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness.
Indiana’s FAFSA deadline is one week away. Can the state still meet its application goal?
Just one week out from Indiana’s deadline for the Free Application for Federal Student Aid, or FAFSA, the latest data shows only about one-third of Hoosier high school seniors have completed the form.
Biden will talk about student debt relief in Wisconsin after primary voting delivered warning signs
President Joe Biden is traveling to Wisconsin to announce details of a new plan to ease student loan debt for millions, a trip that comes a week after primary voting in the Midwest battleground highlighted weaknesses for the Democratic president and Donald Trump, his Republican challenger.
Republican states file lawsuit challenging Biden’s student loan repayment plan
A group of Republican-led states is suing the Biden administration to block a new student loan repayment plan that provides a faster path to cancellation and lower monthly payments for millions of borrowers.
Biden administration looks to expand student loan forgiveness to those facing ‘hardship’
Americans who are struggling to repay federal student loans because of financial hardship could get some of their debt canceled under President Joe Biden’s latest proposal for widespread loan forgiveness.
Some Americans will get their student loans canceled in February as Biden accelerates his new plan
The Biden administration will start canceling student loans for some borrowers in February as part of a new repayment plan that’s taking effect nearly six months ahead of schedule.
Bankruptcy filings slowly inch up in Indiana, nationally: Student loan repayments, credit card debt, inflation seen as key factors
Bankruptcy filings in Indiana’s Northern and Southern Districts fell in 2021 and 2022. But those filing numbers are starting to finally creep up, with year-over-year increases reported in the Northern and Southern Districts and nationally in June.
Millions enrolled in new student loan repayment program
More than 4 million federal student loan borrowers are enrolled in the Biden administration’s new repayment program, according to figures released Tuesday by the U.S. Department of Education.
Appeals court halts new Biden rules on debt relief for defrauded students
On Monday, the U.S. Court of Appeals for the 5th Circuit issued an injunction to prevent the government from implementing regulations that took effect last month while it considers a lawsuit brought by Career Colleges and Schools of Texas.