student loans

SoFi Technologies, Inc. (NASDAQ:SOFI) is set to release its first-quarter financial results before Tuesday's opening bell. Here's a look at what to watch in the report.  What To Watch: Investors will be keeping a close eye on SoFi's recent “student loan boom," a primary catalyst for the stock...

President Donald Trump signed an executive order on Thursday aimed at dismantling the U.S. Department of Education. The president also announced on Friday that federal student loan servicing will be transferred to the Small Business Administration. Here's a look at the latest developments.  The...

Navient Corp (NASDAQ:NAVI) ended the third quarter with an adjusted cash position of $572 million, or $5.35 per share. That’s adjusted for an unsecured debt maturity and $65 million worth of share repurchases expected in the fourth quarter, according to Seaport Research Partners. The Navient...

The Biden administration on Monday announced more federal student loan forgiveness, bringing the administration’s total student loan forgiveness to $183.6 billion for more than 5 million borrowers.  The Details: The Department of Education announced several types of discharges on Monday...

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...

The Biden administration withdrew two major student loan forgiveness plans Friday, just weeks before President-elect Donald Trump returns to the White House. Here's a look at what it means for borrowers and student loan service providers.  The Details: The Education Department posted notices in the...

Millions of Americans are poised to take hits to their credit ratings as the Biden administration’s one-year moratorium on reporting late student loan payments to credit agencies will come to an end in just a few weeks. About 9.7 million, or 29%, of student loan borrowers in the U.S. were...

U.S. District Judge J. Randal Hall on Thursday temporarily blocked the Biden administration's latest student debt relief plan in a lawsuit brought by seven Republican-led states (Missouri, Georgia, Alabama, Arkansas, Florida, North Dakota and Ohio).  The Details: Judge Hall issued a temporary...

SoFi Technologies Inc (NASDAQ:SOFI) shares are trading flat Thursday at $7.53 and higher by some 15% over the trailing month amid anticipation of key economic data. Shares are trading higher in recent sessions due to expectations of a potential interest rate cut by the Federal Reserve, which would...

A federal appeals court has blocked President Joe Biden’s administration from implementing its Saving on a Valuable Education (SAVE) student debt relief plan.  The Details: The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven states to put on hold parts of the...

Billionaire hedge fund manager Bill Ackman took to X, formerly Twitter, to question the tax exemptions of high-cost private universities amid the ongoing student debt crisis. What Happened: On Sunday, Ackman tweeted about the burden of student loans, specifically referencing the cost of attending...

Financial expert Dave Ramsey recently expressed his concerns about the long-term stress and regret associated with student loans, highlighting the need for alternative educational funding methods. What Happened: In a post on X, formerly Twitter, on Monday, Ramsey outlined the negative impacts of...

As the United States grapples with the ongoing issue of student debt, President Joe Biden is poised to reveal a new plan that could offer significant relief to millions of borrowers across the nation. What Happened: President Biden is set to announce a substantial student debt relief initiative...

President Joe Biden isn’t reneging on promises to cancel student loan debt. What Happened: According to the Wall Street Journal, the Biden administration is expected to announce a renewed proposal to reduce or eliminate student loan debt for millions of borrowers. The Journal, citing unnamed...

SoFi Technologies Inc (NASDAQ:SOFI) stock has not recovered from the price plummet after its announcement of the $750 million debt offering. It’s been a while since investors saw SoFi stock do well. After the initial hype died down post 2021, the stock has largely been doing a tango between...