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The article reports that the Supreme Court has upheld a temporary freeze on the Joe Biden administration's new student loan repayment plan, SAVE, leaving millions of borrowers in limbo with paused payments and no accrual of interest while legal challenges continue.

The article reports that the U.S. legislation known as Secure 2.0, which included a package of retirement-related provisions intended to boost savings, would make it easier for people with education loans to save for retirement while paying what they owe. Topics covered include the companies which introduced the benefit to employees, how the benefit can help employers and how the plight of student debt borrowers has become a national focus.

The article focuses on reflections from Ron Lieber, Tara Siegel Bernard, and Mike Dang of the periodical' Business desk, highlighting their financial regrets and lessons from their 20s. Topics discussed include managing student debt, navigating early career earnings, and coping with economic downturns like the Great Recession, underscoring the significance of financial education and strategic planning for long-term financial security.

The article highlights U.S. President, Joe Biden's move to cancel student debt for 78,000 borrowers, predominantly public sector workers, contributing to a total cancellation of nearly four million borrowers, focusing on fixing the Public Service Loan Forgiveness program.

The article reports on the announcement by the U.S. Justice Department and the Education Department of a process on November 17, 2022 that would make it easier for people seeking relief on their federal student loans to clear their debts through bankruptcy. Topics covered include the difficulties that borrowers face when using bankruptcy to discharge their student loans, and the potential of the new guidance in providing a meaningful avenue for debt relief.

The article reports on the plights of Americans who borrowed money from the U.S. federal government to finance their education but did not graduate by citing the case of Michael Chaney. According to Chaney, he was forced to take student loans to retrain and ended up with over 63,000 dollars in debt but with no degree or diploma. Also cited is the plan by President Joe Biden to launch a forgiveness program to reduce or eliminate federal student loan debts.

The article reports on the settlement agreement between several U.S. states and student load servicing company Navient. Topics mentioned include the need for Navient to pay restitution and cancel delinquent private student load debts, the lawsuit filed by several states against the company due to its deceptive and abusive operations affecting struggling students, and the student loan rules under the U.S. Department of Education.

The article discusses how parents' loans in the U.S. to finance the education of their children can become debt traps. Other topics include the parent PLUS loans underwritten by the federal government, the higher interest rates of the PLUS loans compared to students' loans, and the claim by the Education Department that it considers the loans as instruments of social insurance policy rather than traditional debt.

The article discusses that the Education Department erased half a billion dollars in student debt for borrowers defrauded by their schools, the agency said that it would discharge another $55.6 million for students at three other institutions.

When Ray White's son was about 9 years old, he struck a tree branch while riding his bike. Within minutes, an ambulance whisked him off to the emergency room. The boy recovered, but many months and phone calls later, Mr. White's insurance company still had not paid the $200 ambulance bill, even though the insurer had assured him it was covered. He finally decided it was easier to pay it himself. But by then, it was already too late. Unbeknown to Mr. White, the debt had been reported to the credit bureaus. It was only when he and his wife went to refinance the $240,000 mortgage on their home in Lewisville, Tex., last month -- nearly six years after the accident -- that he learned the bill had shaved about 100 points from his credit score. Even with no other debts, a healthy income and otherwise pristine credit, the couple had to pay an extra $4,000 to secure a lower interest rate. [ABSTRACT FROM AUTHOR]

The Federal Reserve's announcement last week that it intended to keep credit cheap for at least two more years was a clear invitation to Americans: Go out and borrow. But many economists say it will take more than low interest rates to persuade consumers, a crucial driver of the nation's economy, to take on more debt. [ABSTRACT FROM PUBLISHER]

Millions of consumers have fallen out of favor with the credit scoring gods. Some lost their jobs or were just overwhelmed by mounting debt. Others got caught up in the real estate bubble or had major medical bills. Whatever the reason, the rising number of foreclosures, short sales, late credit card payments and the ultimate credit sin -- bankruptcies -- have left black marks on credit reports most everywhere. [ABSTRACT FROM PUBLISHER]

YOU probably get an annual physical. Your doctor will ask about your concerns, take your blood pressure and 30 minutes later you're out of the paper gown and off to work -- maybe with a new prescription for Lipitor. A similar annual checkup takes place in another type of practitioner's office: financial planners. But instead of analyzing your good and bad cholesterol levels, a planner may evaluate your good debts (mortgage) and bad debts (credit card). And instead of testing your reflexes, they may look at your savings and assess your ability to respond to a financial emergency. [ABSTRACT FROM PUBLISHER]

Many consumers are buckling under the weight of mounting credit card debt. So it should come as no surprise that some have been lured in by often-hollow promises from debt settlement companies, claiming they can reduce debts to a small fraction of what is owed by negotiating with creditors. [ABSTRACT FROM PUBLISHER]