Navient, the second largest student loan servicer in the U.S., agreed Thursday to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the country as part of a multistate lawsuit that accused the company of abusive lending practices.
What began as a proposal by a presidential candidate has since turned into a heated debate over managing the nation's trillion dollar student debt burden.
Nearly 40 percent of recent college graduates don’t think they’ll pay off their student loan debt within 10 years, according to a new study.
After nearly a decade, household debt in the U.S. has surpassed its peak levels of the 2008 Great Recession.
One Illinois state representative hopes to stem the tide of rising student debt by making public colleges and universities free for all in-state residents.