Susan Tompor: College borrowers aren't always seeing COVID-19 relief. Here's why
When you know a tiny bit about something, you can walk around in a fog that throws your finances for a total loop.And so begins the story on coronavirus relief efforts and student loan debt.Increasingly, consumer advocates report hearing from student loan borrowers who haven’t paid a dime on their college loans since March and believe that they’re in perfectly fine shape. They’ve heard about all the student loan breaks that now run through the end of December.And the big money trip wire?Tucked in their basket of debt, they’re dealing with a hot mess of student loans that aren’t covered by coro...
Detroit Free Press
Editorial: Our case for Joe Biden over Donald Trump
In our March primary endorsement of Joe Biden, we cited his moderation as a value Americans could embrace. In a field of diverse, left-leaning candidates promising free public college, student loan forgiveness, “Medicare for All,” universal child care, free rural broadband access — at times the Democratic primary resembled an Oprah Winfrey show giveaway — Democrats across the country settled on Biden.Why? Because he is viewed as a commonsense man of decency who could beat President Donald Trump. Those are, essentially, his top selling points. And they are enough for us, too, to offer a Biden e...
Susan Tompor: Get a game plan for paying student loan debt in 2021
September is traditionally a time for back to school and, even in a time of COVID-19 restrictions, September was to be the month when student loan payments got back on track.Well, like a lot of things, we’re looking at yet another new game plan here. And it’s one that savvy consumers might be able to use to their advantage.Borrowers across the country began receiving notices in April from their federal student loan servicers about temporary 0% rates and a pause in payments. No payments were due, which theoretically offered some relief to tight budgets as wages were cut and jobs were lost durin...
Detroit Free Press