Biden admin cancels $39B in student loan debt for 800,000-plus borrowers

The administration says the new round of student loan forgiveness address “historical inaccuracies" in counting payments that qualify toward income-driven repayment plans.

Student loan scam attempts likely to rise after SCOTUS decision: FTC

Scammers are likely to start contacting borrowers, promising to help them repay their loans after SCOTUS struck down Biden’s student loan forgiveness plan, the FTC said. Here's how borrowers can protect themselves.

Student loan borrowers not ready to resume payments, unaware of options: survey

More than half of student loan borrowers said they don't feel financially ready to resume payments in 2023, even as the pause ends, according to the College Investor survey.

US inflation believed to have slowed in June in sign of easing price pressures

Some economists believe if inflation keeps slowing and the economy shows signs of improvement, a July interest rate hike could be the Federal Reserve's last.

Monthly mortgage payments reach record highs in US

The median monthly payment for home purchase loans jumped 14.1% in May to an all-time high $2,165.

Biden administration announces SAVE plan after SCOTUS student loan decision

The White House announced SAVE, a new income-driven student loan repayment plan and other initiatives following the Supreme Court's decision to strike down widespread student loan forgiveness.

Mortgage rates inch to the highest level so far this year: Freddie Mac

The average 30-year fixed-rate mortgage increased to 6.81% for the week ending July 6, according to Freddie Mac's latest Primary Mortgage Market Survey.