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Student Debt

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CT To Have $19M In Student Debt Canceled As Part Of $1.85B Settlement CT To Have $19M In Student Debt Canceled As Part Of $1.85B Settlement
CT To Have $19M In Student Debt Canceled As Part Of $1.85B Settlement Connecticut Attorney General William Tong announced that $19 million in loan debt is being canceled for student borrowers in the state after an investigation into one of the country's largest student loan servicers found it deceived thousands of borrowers. Tong said in an announcement on Thursday, Jan. 13, that a coalition of 39 attorneys general negotiated the $1.85 billion settlement with Navient.  A multistate investigation found that since 2009, Navient deceived thousands of student loan borrowers into forbearance plans that led them to pay more than they should have paid, Tong sai…

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by Nicole Valinote
News
COVID-19: CT Community Colleges Forgive $17M In Student Debt COVID-19: CT Community Colleges Forgive $17M In Student Debt
Covid-19: CT Community Colleges Forgive $17M In Student Debt The president of Connecticut State Colleges and Universities has announced debt relief for community college students hit hard by the COVID-19 pandemic. Debt the students took on that they can’t repay due to the pandemic will be forgiven, CSCU said. In total, $17 million in debt will be forgiven, and it will be paid for with money from the federal Higher Education Emergency Relief Fund. The forgiveness includes all account balances from enrollment during semesters between the summer of 2019 through spring of 2021. CSCU said this relief will impact 18,161 community college students. “Our m…

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by Nicole Valinote
Lifestyle
Millennials Are Choosing Suburbs Over Cities, New Survey Says Millennials Are Choosing Suburbs Over Cities, New Survey Says
Millennials Are Choosing Suburbs Over Cities, New Survey Says A new survey shows a fascinating shift in trends when it comes to millennials and their preferred living situations. The survey, titled "The Millennial Economy 2018,’" went over some key figures and compared them with perceptions of generations past. The survey includes an array of data regarding the timelines for many major milestones, e.g., moving out of their parents’ house, buying a home, and getting married. Even though the survey shows that more than 80 percent of millennials have to delay home ownership as a result of student debt, they still have their sights set on the suburbs for…

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by Valerie Musson