Republicans propose bill to eliminate student loan cancellation, and other current student loan news for the week of Aug. 15, 2022
A new bill would expand Pell Grant access but eliminate student loan forgiveness.
2 min read
Aug 15, 2022
EXPERTISE
- Student loans
- Personal loans
- Home equity
- Debt management
EDUCATION
- Bachelor of Arts in English, University of Iowa
- Certificate in Editing, University of Washington
About the author
Bankrate editor Chelsea Wing specializes in student loans, financial aid and college budgeting. Despite growing up in Washington, Chelsea attended the University of Iowa for college — so she understands the realities of chipping away at expensive out-of-state tuition. She is invested in helping students navigate the high costs of college and breaking down the complexities of student loans.
Chelsea currently lives in Seattle. In her spare time, she enjoys writing, travel and musical theatre.
Highlights
Chelsea has edited hundreds of articles for Bankrate and enjoys covering both news pieces and long-form guides. She helped develop the Bankrate Best Value Colleges guide and has monitored student loan forgiveness efforts since early 2020.
Experience
Chelsea has been working as Bankrate’s student loans editor since early 2020. Prior to joining Bankrate, Chelsea was the insurance and finance editor at Reviews.com, where she specialized in covering life insurance.
Chelsea's latest articles
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Child tax credit benefits will not be garnished for defaulted student loans, and other current student loan news for the week of Feb. 14, 2022
Defaulted student loans will not garnish child tax credit benefits for 2021.
2 min read Feb 14, 2022
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What is income-driven repayment?
Income-driven repayment uses your earnings to determine your monthly bill.
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Private student loan bankruptcy: Everything you need to know
Discharging your private student loans is a complex process.
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How car rebates work
Rebates are incentives that can save you thousands — if you qualify.
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How to start paying student loans
Borrowers nearing graduation should be proactive about their student loan repayment.
5 min read Oct 21, 2022 -
Average student loan debt for law school
A law career can be rewarding, but many students leave school with significant debt.
6 min read Oct 20, 2022 -
6 last-minute ways to get money for college
If you’re running out of time to find college funding, start here.
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How getting married affects your student loans
Your financial aid, repayment plans and tax deductions could change.
2 min read Oct 13, 2022 -
Your student loan forgiveness questions, answered
Here’s what we know so far about Biden’s broad student loan forgiveness plan.
3 min read Oct 13, 2022 -
What can private student loans be spent on?
Even if you can get away with noneducational expenses, it’s not a good idea.
3 min read Oct 13, 2022 -
Why more older Americans are taking on student loan debt
Roughly 9 million adults age 50 and older are still actively paying off federal student loan debt.
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What student loan debt forgiveness means for women and BIPOC borrowers
Biden’s student loan forgiveness plan could help narrow existing wealth gaps.
7 min read Oct 07, 2022 -
The Public Service Loan Forgiveness waiver ends on Oct. 31 – here’s what to do before then
Borrowers interested in taking advantage of the waiver must take action by Oct. 31.
3 min read Oct 07, 2022 -
What is an FSA ID and why do you need one?
An FSA ID is simple to set up and useful for managing your student aid online.
3 min read Oct 03, 2022 -
Does the FAFSA sign you up for the draft?
Recent legislation has changed the requirements for federal student aid.
3 min read Oct 03, 2022 -
Do you need to submit the FAFSA every semester?
You’ll need to renew your FAFSA every year, but those funds cover both semesters.
3 min read Oct 03, 2022