Latest News of BORR
UK's Reeves promises 'guardrails' around extra borrowing in budget
By William SchombergLONDON (Reuters) - British finance minister Rachel Reeves said she will introduce "guardrails" to ensure that extra borrowing for investment in her first budget is not excessiv...
Inside the 24-hour legal whiplash that sent 30 million student-loan borrowers into limbo
Confusion surrounds recent legal developments impacting student loan borrowers. A federal court ruling transferred a lawsuit over loan cancellation to Missouri, where a judge issued a preliminary inju...
Student Loan Forgiveness Plan Gets Halted Yet Again In Chaotic Week For Borrowers
A federal judge in Missouri blocked President Biden's student loan forgiveness initiative, dubbed "Plan B," leading to chaos and legal challenges from seven states. The $140 billion program aims to pr...
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30 million student-loan borrowers get bad news after a Trump-appointed federal judge officially blocks Biden from carrying out broader debt cancellation
By Business Insider | 1 day agoA judge blocked Biden's plan to cancel student debt. GOP attorneys argued the Education Department violated procedures. Legal battles continue for student-loan borrowers, with relief on hold pending f...
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Student loan update: 27.6 million borrowers get good news
By Newsweek | 1 day agoGeorgia's lawsuit against Biden's student loan forgiveness plan was dismissed by U.S. District Judge J. Randal Hall, as Georgia lacked legal standing. The case will now proceed in Missouri. Despite ch...
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Illinois Attorney General Kwame Raoul warns of new scam targeting student loan borrowers
By CBS News | 1 day agoIllinois officials warn of a new scam targeting student loan borrowers, offering fake promises of lower payments or loan forgiveness with upfront fees. Borrowers can seek help from the U.S. Department...
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30 million student-loan borrowers waiting for Biden's broader debt cancellation just got a lifeline in court
By Business Insider | 2 days agoJudge Randal Hall declined to block President Biden's student debt relief plan, citing Georgia as an improper venue. The case will be transferred to Missouri, where it will be re-evaluated. The decisi...
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Judge Transfers Student Loan Forgiveness Lawsuit In Surprise Win For 30 Million Borrowers
By Forbes | 2 days agoThe Biden administration won a legal challenge for a student loan forgiveness program, but the victory may be temporary. A Georgia court transferred the case to a different court, offering a potential...
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This auto loan tactic is leaving American borrowers deep in troubling debt -- here's how to spot and avoid it
By Yahoo! Finance | 2 days agoJessica Patterson faced financial struggles after borrowing a high-interest auto loan, leading to payment difficulties. Subprime auto loans are common and can trap borrowers. To avoid this, improve cr...
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Last pandemic-era student loan benefit ends even as borrowers struggle to make payments
By The Hill | 2 days agoThe pandemic-era student loan benefits have ended, leaving borrowers vulnerable to penalties for missed payments. Advocates fear a surge in defaults as borrowers struggle to afford repayments, with on...
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Most borrowers cutting spending to pay student loans: Survey
By Yahoo! Finance | 3 days agoA recent survey by the National Endowment for Financial Education found that nearly three-quarters of people with student loans had to adjust their budgets to make monthly payments post-pandemic. Pres...
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Student loan payment 'on-ramp' ends, putting some borrowers at risk of delinquency
By CNBC | 3 days agoNACAC CEO Angel Perez highlights the heavy reliance on student loans for higher education. The end of the one-year grace period for missed student loan payments means borrowers must resume payments, p...
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Millions of student-loan borrowers just lost access to a key debt relief program -- and it could have big financial consequences
By Business Insider | 4 days agoThe on-ramp program, protecting student-loan borrowers from missed payment consequences, has ended. Advocates urge President Biden to extend it due to financial challenges. Pew survey highlights finan...
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Education Dept. extends deadline for defaulted student loan borrowers to get current
By NBC News | 4 days agoThe U.S. Department of Education has extended the deadline for the Fresh Start program for defaulted student loan borrowers. The program offers a limited opportunity to return borrowers to good standi...
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Student loan borrowers face critical deadline as default protections end
By Newsweek | 5 days agoBorrowers face credit consequences as the student loan payment on-ramp period ends. Missed payments will impact credit scores, making it harder to buy assets. Experts warn against relying on grace per...