student loans

The latest expansion of the Pell Grant program has financial aid administrators concerned about the effect it will have on the almost 24,000 Maine students that receive funding.

The program allows eligible Maine residents to receive an annual refundable tax credit for student loan payments up to $2,500.

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 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 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.

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

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…

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…

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…