• Education

    Parent PLUS borrowers stealing from their retirement to fund kids’ college education, survey says

    One in four American parents who borrowed from the federal government to help pay for a child’s college education doesn’t expect to retire as planned because of the debt, a survey released Tuesday says. And one in five parent borrowers regret taking out the loans, the NerdWallet survey shows. “Parents take on whatever it takes to get their kids at college, including taking on unaffordable debt,” said Anna Helhoski, student loan expert at NerdWallet, a personal finance website based in San Francisco. Of the total $1.6 trillion in student loan debt, Americans borrowed roughly $103 billion in PLUS loans as of the second quarter of 2021. There are 3.6 million…

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  • Education

    Democratic senators urge Education Department to remove millions of student loan borrowers from default status

    InvestorPlace Norwegian Cruise Line Is Navigating Through a Hurricane of Problems The novel coronavirus pandemic has disrupted the cruise industry globally. Prior to 2020, the industry had been experiencing a years-long boom. Now that a bet on the global reopening of the economies is gaining momentum, is it the right time to buy cruise stocks such as Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) stock? There are many factors to weigh in on, but NCLH stock has a lot of hurdles to deal with now. Unfortunately, things do not look as rosy as some may think. Source: Vytautas Kielaitis/shutterstock.com A well-known English proverb says “A smooth sea never made a skillful…

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  • Education

    Biden’s Nominee For Education Secretary Signals Support For Helping Student Loan Borrowers

    WILMINGTON, DE – DEC 23: Connecticut Commissioner of Education Miguel Cardona, President Joe Biden’s … [+] nominee for Secretary of Education, speaks during a news conference at the Queen Theater in Wilmington, D.E., on Wednesday Dec. 23, 2020. (Photo by Sarah Silbiger for The Washington Post via Getty Images) The Washington Post via Getty Images Dr. Miguel A. Cardona, President Biden’s nominee to lead the U.S. Department of Education, expressed support for student loan reform during a radio interview on Monday. Asked if he would prioritize helping student loan borrowers as Secretary of Education, Cardona said, “It would be a priority for me. It would be an area of focus…

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  • Education

    DeVos speech offers no relief to borrowers

    For days, higher education policy experts had been hoping that Education Secretary Betsy DeVos would use a speech Tuesday at a conference on student aid to stop what they see as a looming crisis for student loan borrowers. In less than a month, on Dec. 31, a moratorium President Trump had put in place excusing most borrowers from making payments on their loans will expire. But speaking remotely to the Federal Student Aid Training Conference as she prepares to leave office this month, DeVos instead focused on having made it easier for borrowers to access their information online and through an app. She took a shot at free college plans, one…

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