Student Loan Debt
How advisors can help clients understand the burden of student loan debt and the best ways to reduce, eliminate or manage the debt load.
August 20, 2021
Education Dept. to Forgive $5.8B in Student Loans to Disabled BorrowersThe program will erase debt owed by 323,000 borrowers with permanent disabilities.
August 09, 2021
Biden Extends Federal Student Loan Payment PauseThe hold on federal student loan repayments, interest and collections has been extended until Jan. 31, 2022.
July 15, 2021
Private Student Loans Can Be Discharged in Bankruptcy, 2nd Circuit RulesA unanimous panel of the court held that the loans did not qualify as the type of "educational benefit" that can be exempted from discharge.
June 18, 2021
Advisors Embrace Financial Education for Students: SurveyTwo-thirds of advisors said they expect financial education to be part of their future business model, new research from MoneyGuide has found.
May 21, 2021
Why Direct-Sold 529s Are Better Than Advisor-Sold Plans: MorningstarAdvisor-sold 529 plans can include 12b-1 fees. Morningstar isn't a fan.
May 13, 2021
Student Loan Interest Rates to Rise About 1 Percentage PointThe new rate for undergraduate federal student loans will be 3.734% in the 2021-2022 academic year, up from 2.75% for this year.
May 05, 2021
Top 9 Retirement Changes in 'Secure 2.0' Bill That's Headed to HouseBesides raising the RMD age to 75, the bill also boosts auto-enrollment and catch-up contributions and expands some investment options.
May 04, 2021
Former CFPB Head Richard Cordray Picked to Head Federal Student Aid OfficeCordray will be responsible for managing the Education Department's student financial assistance programs, including grants, work-study and loans.
April 29, 2021
Senate Bill Would Help Workers Build 401(k)s While Repaying Student LoansThe bill would allow employers to make "matching" contributions to a 401(k) while employees make student loan payments.
April 20, 2021
Get Ready for Higher Student Loan Interest RatesHigher interest rates aren't the only change to expect ahead of the upcoming school year.