Student debt

About 700 Mainers will have $5.3 million in student loans forgiven in the coming weeks, the U.S. Education Department said Friday.

With a 6-3 ruling, the Supreme Court decided the Biden administration didn't have the authority to cancel student debt for tens of millions of Americans, including some 177,000 Mainers.

The college said that it's using federal pandemic relief funds to forgive the outstanding balances of students who accrued debt from the spring of 2020 through last summer. Students who acquired debt last fall also received more than $2,000 in debt forgiveness.

A significant number of Mainers with outstanding student loans could see some major relief under a proposal that newly inaugurated President Joe Biden…

More students in Maine are graduating from high school than ever before — nearly 87 percent last year. And most enroll in college. Yet for many students,…

Maine lawmakers are considering a measure that would ask voters to approve a $250 million bond issue to ease student debt.The proposal would use the…

The average student loan debt for Mainers who graduated from college last year is more than $30,000, one of the highest rates in the country.The state…

AUGUSTA, Maine - Maine's Republican governor is chiding lawmakers for not following through on promises to attract young people to the state by addressing…

A new initiative is aiming to boost Maine’s labor force by paying off workers’ student debt.The Alfond Leaders program is a partnership between the…

AUGUSTA, Maine - Politicians, business leaders, economists and educators agree: The future health of Maine's economy depends, in large part, on growing a…