VENTURE CAPITAL POST

The Biden administration has announced its official plans to address the issue of ballooning interest and alleviate the burden of student loan debt for borrowers.

US President Joe Biden has made a significant announcement, revealing his decision to cancel $7.4 billion in student loan debt for over 277,000 individuals.

President Joe Biden was slammed online after he bragged that the Supreme Court could not stop him from canceling student loan debt.

President Joe Biden has announced an additional $5 billion in debt cancelation for some 74,000 student loan borrowers.

President Joe Biden has announced a new initiative to cancel federal student loans, targeting borrowers with relatively small debts.

An arrest of Paul Aker, a Houston man with more than $1,500 student loan granted almost 30 years ago, received a lot of attention from the U.S citizens and media. Typically, someone can’t get arrested simply for failing to pay the student loan, but an arrest of someone with a student debt could happen under one condition when the person failed to obey a court order to show up regarding the matter.

Grace period is the time given by the government and other agencies to the student before any loan repayment needs to be done. This period was given purposely to help all students to settle down on and being financially stable before they make another commitment. During this grace period, students need to plan well on how they can tackle the debt as it will help the student to still be financially stable when they start paying the debt.

Education is supposed to give you a brighter future, but most graduates are trapped under piles of debts from the student loan system and the increasing college prices. This affects their credit scores and their major life decisions, snatching their dreams away.

The issue of student loan debt has leapt into the spotlight this election season, and people are more intent than ever to hear what the presidential hopefuls have to say about this particular issue.

Citibank admitted on Monday that it is under investigation by the Consumer Financial Protection Bureau (CFPB) over its student loan services.