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Woman with $52K student loan debt shares how resuming payments changed her life

(NEW YORK) -- When Nisa Betancourt graduated college in May 2020, it was an unusual time.Amid the coronavirus pandemic, Betancourt was unable to accept her diploma in person and the federal government placed a pause on student loan repayments and set interest rates to ...
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Credit card debt has reached a record high. Here’s what it means for the economy.

(NEW YORK) -- Credit card debt climbed to a record high in the third quarter of 2023, surging nearly 5% from the previous quarter and leaving a growing share of borrowers late on payments, a Federal Reserve report this week showed.The report demonstrates the ...
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Biden to highlight what he’s done on student loan debt in upcoming speech

(WASHINGTON) -- Days after borrowers once again began paying back their student loan debts after a three-year pause, President Joe Biden will give a speech on Wednesday highlighting what his administration has done to fix holes in the student loan system and deliver some ...
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Gen Z is burdened by student loan debt, and now many are facing payments for first time

(NEW YORK) -- In the first week of October, Kennedy Quintanilla will do something she has not had to do since graduating from college two years ago: make a student loan payment."Reality is setting in," Quintanilla, a 2021 graduate of the University of Texas ...
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Generation Z sees biggest increase in credit card debt, Gen X has highest balance: Report

(NEW YORK) -- Generation Z is racking up more credit card debt than previous generations, while Generation X holds the highest average of credit card debt, according to recent data from Credit Karma.Between April and June 2023, Gen Z, people born between 1997 and ...
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Biden administration begins wiping out student loan debt for 804,000 borrowers

(WASHINGTON) -- Starting Monday, hundreds of thousands of federal student loan borrowers will start to receive emails from their servicers with the subject line "Your student loans have been forgiven."The notices will come as part of the Biden administration's efforts to cancel debt for ...
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Amid staggering student loan debt, Black women also face unequal pay

(NEW YORK) -- Ravenn Moore, a 43-year-old mom in the Detroit area, said she accumulated tens of thousands of dollars of debt while earning both her bachelor's and master's degrees as a first-generation college student.Over the next decade, Moore said the interest on her ...
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Biden admin canceling $130M in debt for students who it says were ‘ripped off’ by Colorado college

(WASHINGTON) -- The Biden administration on Tuesday said it was canceling $130 million in federal debt for 7,400 students who went to a Colorado college that the government says lied about its successes."These borrowers were lied to, ripped off and saddled with mountains of debt," ...
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Congressional Republicans offer their own student loan debt solution

(WASHINGTON) -- In the wake of the Supreme Court's Friday ruling striking down the Biden administration's student loan debt cancellation plan, Republicans are moving forward with their own proposed solution.Conservative lawmakers from both chambers, vocally opposed to the president's landmark program, which they said ...
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Supreme Court strikes down Biden student loan debt forgiveness program

(WASHINGTON) -- The Supreme Court on Friday struck down the Biden administration's program to forgive student loan debt for more than 43 million American borrowers.In a 6 to 3 decision, written by Chief Justice John Roberts, the court ruled the Department of Education exceeded ...
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