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Your source for news and information in West Central Illinois. WLDS/WEAI Radio in Jacksonville, Illinois.

Biden's Student Loan Forgiveness Will Make Things Worse | Opinion By Jimmy Sengenberger On 01/21/21 at 6:30 AM EST Ten years ago, I graduated from Regis University in Denver, Colorado. Attending a small, private university was an expensive decision made possible through a scholarship from Regis, support from my parents, tens of thousands in student loans and the decision to graduate in three years. As with others, paying back student loans has been challenging for me. Faced with financial difficulties amidst the pandemic, millions of us ha...

Here’s what you need to know. Student Loans In many ways, the new stimulus package is a  net loss for student loan borrowers who were hoping for student loan relief or student loan forgiveness. Congress dropped student loan relief from the new stimulus package, which means your federal student loan payments will resume on January 31, 2021, interest will start accruing and student loan debt collection will commence. However, there is one win for borrowers seeking student loan repayment from their  employers. Here’s how it works: Your employer pays off student loans Many borrowers ar...