Tag: Student Loan Balance
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U.S. Student Loan Balance Trends: $1.765 Trillion as Repayments Resume, Stocks React
According to the most recent data from the Federal Reserve System, American households hold a collective student loan balance of approximately $1.765 trillion as of June 30, 2023. As student loan repayments resume this month, the current status of student loan balances in the U.S. is under scrutiny This figure marks a slight decrease from…
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Supreme Court Halts Biden’s Student Loan Balance Forgiveness Plan, but $130 Million in Debt Wiped Out for CollegeAmerica Borrowers
After a multiyear hiatus in payments, federal student loan borrowers now face the daunting task of resuming payments to loan servicers. The Supreme Court halted President Biden’s ambitious student loan balance forgiveness plan a month ago, impacting millions of borrowers who were hopeful of shedding a portion Though the broad student loan balance forgiveness plan…