Student debt is bad, student debt bailouts are worse
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Former students of the for-profit Art Institutes are approved for $6 billion in student loan cancellation
The Education Department said Wednesday it'll automatically erase loans for 317,000 people who attended any Art Institute campus between Jan. 1, 2004, and Oct. 16, 2017.
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A looming deadline for student loan forgiveness
People with certain federal student loans have until Tuesday to consolidate them and qualify for debt cancellation. The Department of Education is reviewing over 40 million loan accounts and issuing credit for past payments that previously didn’t count toward forgiveness. Also in this episode: a look at the latest inflation reading, Americans’ savings habits and pop-up coworking spaces.
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Is your student loan helping you build a good credit history?
Experian explains ways student loan debt can impact a credit profile and other ways to build credit as a college student.