Student Loan Payments’ Return Could Cause Consumer Pullback
Just as the American economy is struggling with high inflation and interest rates, the coming resumption of student loan payments poses yet another potential challenge.
Feds: Thousands May Have Student Debt That Should Be Erased
Record-keeping failures by the federal government may have left thousands of Americans saddled with student debt that should have been automatically canceled through a benefit for low-income borrowers, according to a new federal study.
Community Bank Tackles Student Debt
The student loan problem is enormous: $1.7 trillion in debt, almost 45 million borrowers with loans to repay, about 10 percent of borrowers delinquent or in default even before the pandemic started. As president and CEO of The Milford Bank, Susan Shields saw an opportunity to help.
FHA Offers Helping Hand to Buyers With Student Debt
The Federal Housing Administration announced Friday that it plans to make it easier for homebuyers with student debt to access FHA single-family loans.
Study Shows Student Debt Cuts Homebuying Power by 18.8 Percent
It’s widely accepted in the real estate finance world that student debt can significantly lower someone’s buying power when they go to purchase a new home. But a new paper has quantified how much.
Study Finds Medical, Not Student Debt Bigger Cause of Mortgage Denials
Aspiring homebuyers with medical debt are more likely than others to be denied a mortgage, while those with student loan debt more often put off buying.
KeyBank Closes on Acquisition of Laurel Road Bank’s Digital Lending Business
Cleveland-based KeyBank has closed on its acquisition of a significant portion of assets of Darien-based Laurel Road Bank.
CT College Grads Have Some of the Highest Student Debt in Country
College students in Connecticut are graduating with some of the highest debt levels in the country.
