6-Month Suspension on U.S. Federal Student Loan Payments Now in Effect During COVID Outbreaks

(Andy Corbley) The federal government is suspending student loan payments and waiving the interest on those loans for a total of 6 months in order to ease the burden of debtors during the COVID-19 outbreak. This unprecedented action was included in the 2.2 trillion dollar stimulus package President Trump signed recently.

The post 6-Month Suspension on U.S. Federal Student Loan Payments Now in Effect During COVID Outbreaks appeared on Stillness in the Storm.

Billionaire Who Promised To Pay Off College Students’ Debt Is Tackling Their Parents’ Debt, Too

(Mandy Froelich) Good news! In May of this year, multi-billionaire and philanthropist Robert F. Smith.pledged to pay off the student loan debt of an entire graduating class. Now, he’s intent on paying off the debt of the students’ parents, as well!

The post Billionaire Who Promised To Pay Off College Students’ Debt Is Tackling Their Parents’ Debt, Too appeared on Stillness in the Storm.

Proposed Federal Law Will “Garnish Wages” from Paychecks of Student Loan Holders

(Matt Agorist) As government subsides continue to flow into colleges across the country, the price of tuition continues to skyrocket, with some rates shooting up nearly 400% since 2000. Over the same period, as the price of college went up, median income in the US went down. This created the perfect storm for what we are currently witnessing right now—a black hole of student loan debt.

The post Proposed Federal Law Will “Garnish Wages” from Paychecks of Student Loan Holders appeared on Stillness in the Storm.