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Efforts to exempt North Carolina residents from state income tax on the value of student loan forgiveness announced by President Joe Biden has taken a hit given that state Senate leader Phil Berger opposes the idea.
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North Carolina appears to be one of a half-dozen states where the value of that forgiveness would be subject to state tax without a change. The White House has said the student loan forgiveness — up to $20,000 for some — is exempt from federal income tax.
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All historically Black colleges and universities in the UNC System have used federal COVID relief funds to offer free summer school to at least some students in recent years.
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The U.S. Department of Education unveils a plan to help millions of borrowers who have been hurt and held back by its troubled income-driven repayment plans.
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Over one million North Carolinians have student loan debt, and the average borrower owes about $25,000. Even under normal circumstances, education debt…
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Over one million North Carolinians have student loan debt, and the average borrower owes about $25,000. Even under normal circumstances, education debt…
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Josmell Pérez has a master's degree and has gone through the process of buying a home - more than once - but he says it's still hard to wrap his head…
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U.S. Secretary of Education Betsy DeVos was forced to cancel nearly $11 million in student loans after a national chain of for-profit colleges experienced…
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U.S. Secretary of Education Betsy DeVos was forced to cancel nearly $11 million in student loans after a national chain of for-profit colleges experienced…
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Student loan debt is on the rise nationally and in North Carolina, but recent graduates are faring better here than in other states.The average member of…