student loans

In this May 5, 2018, file photo, graduates at the University of Toledo commencement ceremony in Toledo, Ohio.

Student loans forgiven for initial round of Maine borrowers under revamped federal program

Nicole Ogrysko

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

People demonstrate outside the Supreme Court, Friday, June 30, 2023, in Washington. A sharply divided Supreme Court has ruled that the Biden administration overstepped its authority in trying to cancel or reduce student loan debts for millions of Americans. Conservative justices were in the majority in Friday's 6-3 decision that effectively killed the $400 billion plan that President Joe Biden announced last year.

Courts and Crime

With Supreme Court student loan ruling, Maine borrowers worry about what's next

Nicole Ogrysko

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.

Business and Economy

Maine's community colleges will forgive up to $2,000 in debt for former students who return to campus

Robbie Feinberg

The system announced on Wednesday that it would forgive up to $2,000 worth of student debt for former students who return to study at one of its seven campuses.

The University of Southern Maine campus is seen in January 2019.

Business and Economy

USM forgives $2M worth of student debt for more than 750 students

Robbie Feinberg

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.

Business and Economy

Student Loan Borrowers Raise Questions About Payments And Debt During The Pandemic

Nora Flaherty

Included in the federal government's array of pandemic relief aid programs is an automatic pause – or forbearance – on federal student loans.Borrowers…

Business and Economy

Study Finds That Student Loan Debt In Maine Has Nearly Doubled In The Last 10 Years

Robbie Feinberg

A new study from the credit reporting agency Experian finds that student loan debt in Maine has nearly doubled since 2008.According to the study, Mainers…

Maine

Survey Finds That Mainers Are Struggling To Pay Off Student Loans

Robbie Feinberg

Mainers are struggling to pay off their student loans, with their debt impacting everything from car purchases to health care.That's according to the…

Business and Economy

Poll: Student Loan Debt A Crushing Burden For Many Maine Families

Robbie Feinberg

Student loan debt is leaving borrowers in Maine in financial distress, with many putting off basic needs due to student loan payments. That's according to…

Maine

Maine Offers Tax Credits To Help Graduates With Student Loans. So Why Don’t More People Use It?

Robbie Feinberg

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…

Politics

Lawmakers To Consider Governor's Student Loan Credit Bill

Associated Press

AUGUSTA, Maine - Certain Mainers and their employers could more easily receive tax credits for paying off their student loans under a bill. The…