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Utah’s exit from student loan servicing may mean $289M scholarship fund
Utah is getting out of the student loan servicing business, which could result in the creation of a $289 million endowment for scholarships and grants for Utah students. Earlier this month, the Utah Board of Higher Education authorized the sale of the Federal Family Education Loan Program portfolio administered by the Utah Higher Education Assistance Authority. The authority is a subsidiary of the Utah System of Higher Education. Financial advisers estimate the net proceeds of the sale of the federal student loan portfolio could be between $207 million and $220 million, according to a document prepared for an upcoming legislative
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Democrats step up pressure on Biden on student loan forgiveness
Democrats are once again pressing President BidenJoe BidenJill Biden campaigns for McAuliffe in Virginia Fill the Eastern District of Virginia Biden: Those who defy Jan. 6 subpoenas should be prosecuted MORE to act on student loan forgiveness, stepping up the pressure on the White House to deal with the issue even as it struggles to bring a divided party together around the president’s agenda. “Today would be a great day for President Biden and Vice President Harris to #CancelStudentDebt,” Senate Majority Leader Charles SchumerChuck SchumerHispanic organizations call for Latino climate justice in reconciliation Senate to vote next week
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Should You Pay Off Student Loans or Invest?
Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. When to prioritize paying off student loans When trying to decide what to prioritize, there are a few things you should consider: Your overall financial health, including what other kinds of debt you have (credit card, auto loan, personal loan, etc.) Your total amount of student debt and your interest rate Your monthly student loan payment, and how that impacts your monthly budget Any
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Nia DaCosta Talks Captain Marvel 2 and Her Student Loan Debt
Photo: Rachel Murray/Getty (Getty Images) A few months after Nia DaCosta officially signed on to direct the new Candyman—which has gone on to become the first movie directed by a Black woman to premiere at the top of the box office—the director happened to bump into New York Times columnist and illustrator Julia Rothman, who was randomly interviewing people on the street about their relationships to debt. While those not familiar with DaCosta’s earlier work like Little Woods might not have recognized her name at the time, what she said about her $100,000 student loan
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Your Employer Can Pay $5,250 Annually Towards Your Student Loans Tax-Free Until 2025
Kameleon007 / iStock.com Although the CARES Act was signed into law in March 2020, there’s a lesser-known provision regarding student loan debt. Section 2206 of the CARES Act created a temporary tax-free provision for employer student loan assistance programs, according to Forbes. Find Out: What To Do If You Can’t Afford Your Student Loan PaymentsPrepare: Student Loan Forgiveness Scams on the Rise — Avoid Being a Victim of Fraud According to the provision, an employer can make up to $5,250 in student loan payments for an employee within a year either directly to the employee or the student
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Student Government adopts diversity liaison for finance committee | News
The Student Government Senate addressed funding for recreational activities and campus recycling during their weekly meeting. Photo by Katherine Kealey/ Iowa State Daily The Iowa State University Student Government officially passed a bylaw containing a new position for the finance committee. The position seeks to facilitate a relationship between the finance committee and student organizations classified as culture or identity based. The bylaw was recommended by the ad-HOC Diversity, Equity and Inclusion (DEI) Committee. The ad-HOC Diversity, Equity and Inclusion Committee established this position to serve as a liaison between the finance committee and different campus organizations which are identity/culture-based.
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Biden extends freeze on student loans as progressives push to cancel them
Education Secretary Miguel Cardona speaks during the daily briefing at the White House in Washington, Thursday, Aug. 5, 2021. (AP Photo/Susan Walsh) | Susan Walsh/AP Photo By MICHAEL STRATFORD 08/06/2021 03:51 PM EDT Updated 08/06/2021 06:34 PM EDT 2021-08-06T06:34-0400 The Biden administration announced Friday that it would extend the pause on federal student loan payments until the end of January following growing pressure from Congressional Democrats, including progressives who want to cancel large swaths of the outstanding debt. The pandemic relief — which benefits more than 40 million federal student loan borrowers — had been set to expire at the
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Student loan repayment pause extended until 2022, Biden admin announces
Laura Fink, Gianno Caldwell on cancelling student loan debt, taxes The Department of Education extended a pause on student loan repayment, interest, and collections, allowing borrowers more time to plan amid renewed concerns about COVID-19 due to the delta variant. “The payment pause has been a lifeline that allowed millions of Americans to focus on their families, health, and finances instead of student loans during the national emergency,” Secretary of Education Miguel Cardona said in a statement. “As our nation’s economy continues to recover from a deep hole, this final extension will give students and borrowers the time they need
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