This summer, millions of Americans with student loans will be able to apply for a new repayment plan that offers some of the most lenient terms ever.
student loans
Posted inBusiness, Nation / World, News, Politics
Supreme Court seems ready to reject Biden’s student loan forgiveness
The president’s only hope for being allowed to move forward with his plan appeared to be the slim possibility that the court would find that Republican-led states and individuals challenging the plan lacked the legal right to sue.
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Posted inMaine, Nation / World
Here’s how you can apply for student loan forgiveness
President Biden has officially kicked off the application process for his student debt cancellation program, opening the door for millions of Americans to apply for up to $20,000 in forgiveness.
Posted inBusiness, News
Data breach may have affected over 15,000 student loan borrowers in Maine
Personal information including Social Security numbers may have been illicitly accessed, and 2.5 million people may have been affected nationwide.
Posted inMaine, Nation / World, Politics
Rep. Jared Golden calls Biden student loan plan ‘out of touch,’ worries it might spur inflation
Bruce Poliquin and Sen. Susan Collins also oppose plan, while independent Tiffany Bond says the president did not go far enough with his proposal.
Posted inMaine, sj-web
Maine Legislature eying plan to expand tax credit program for student loans
AUGUSTA (AP) — A bill that’s moving forward in the Legislature would allow more people to take advantage of a program that helps graduates pay off their student loans. Senate Democratic Leader Justin Alfond’s bill would allow Maine residents who’ve graduated from out-of-state schools to qualify for the Educational Opportunity Tax Credit. It would also […]
Posted inLetters
P. Cipolloso: Addressing the issues
Forty percent of college-educated millennials are working in jobs not requiring a college degree, according to a survey by Turning Point USA, a nonprofit organization educating students about the importance of fiscal responsibility. The survey also determined that 42 percent of students pursued degrees in soft social sciences that do not have great value in […]
Posted inMaine, sj-web
Maine student loan debt ranks 7th in nation
PORTLAND — Maine continues to have one of the highest undergraduate student loan burdens in the country. The Portland Press Herald reports graduating seniors from Maine’s public and private nonprofit colleges in 2013 averaged $29,900 in debt. The national average was $28,400. The Project on Student Debt says Maine’s figure is seventh in the nation. […]
Posted inMaine, sj-web
Maine community, trade students default more
PORTLAND — Maine’s community college and private trade school students are more likely to default on federal student loans than students at four-year universities. The Portland Press Herald reports that federal Department of Education data says Maine’s 2011 default rate was 12.8 percent. That is slightly less than the national 13.7 percent rate, which is […]
Posted inNation / World, sj-web
Collins joins Democrats on student loan bill blocked by Republicans
WASHINGTON — Senate Republicans on Wednesday blocked legislation aimed at letting people refinance their student loans at lower rates, a pre-ordained outcome that gave Democrats a fresh election-year talking point against the GOP. But Sen. Susan Collins, R-Maine, was one of three Republicans who voted with the Democrats. The 56-38 vote fell short of the […]