The Biden administration has confirmed that student loan forgiveness won’t be a taxable event at the federal level. But at the state level, things get a bit more complicated. Here’s what you need to know.
The Biden administration has released additional key details on applying for the new student loan forgiveness initiative, and when to expect relief. Here’s the latest.
Here are key details about who qualifies for student loan forgiveness under the new Biden plan, and how to get the relief.
Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost. The Economic Times Christmas came early this year for student-loan debtors. First, the Biden...
Here are the details on Biden’s new student loan forgiveness plan of up to $20,000 and another extension of the student loan pause.
It’s going to be a big week for millions of student loan borrowers, as President Biden is set to make major decisions on the student loan pause and wide-scale student loan forgiveness.
Higher Education in the United States was once considered a civic activity intended to improve people’s lives and benefit society. Then some people realized they could make money in the education racket, and the for-profit-college industry was born. Who makes...
As a professor at the University of Louisiana at Lafayette, I was often assigned to teach courses off campus. Would the university reimburse me for my mileage when I traveled to teach a course? Sorta. I had to fill out paperwork for every off-campus trip. And such...
Are you one of those poor schmucks who borrowed a lot of money to get a college degree that didn’t pay off? Perhaps you attended the New England Conservatory of Music, where only 57 percent of students earned more than a high school graduate six years after...
Not only is more student loan forgiveness on the way, but there are still opportunities for borrowers to apply, even as Biden reportedly considers even more widespread student loan cancellation. But some programs have deadlines.
Years ago, I read The Coming Fury, Bruce Catton’s classic study of the United States on the brink of civil war. In the months preceding the shelling of Fort Sumter, Catton explained, extremists in both the North and The South wanted a war. And war they got....
If you live outside the bunkers of academe, you may have a rosy view of our nation’s colleges and universities. Perhaps you envision leafy campuses, stately ivy-covered buildings, and kindly professors wearing tweed jackets with quaint elbow...
The Biden administration on Tuesday announced $3.9 billion in automatic student loan forgiveness for over 200,000 borrowers through a new initiative to provide relief to borrowers defrauded by for-profit schools. Here are the details.
Time is running out for borrowers as the ongoing student loan pause nears the most recent extended deadline. Will Biden extend it again? Here’s what borrowers should know.
Fifty years ago, most Americans understood that education was a public responsibility. It was the community’s job to operate good public elementary and high schools. It was the state’s job to support high-quality public colleges and universities. All in...
“If the law supposes that,” said Mr. Bumble, squeezing his hat emphatically in both hands, “the law is a ass – a idiot”. Charles Dickens, Oliver Twist About a year ago, I blogged on the bankruptcy case of Tamara Parvizi, a 51-year-old...
As a settlement process moves forward to resolve claims of stalled student loan forgiveness applications, here’s what borrowers need to know.
The Biden administration appears to be increasingly likely to extend the student loan pause, which is currently set to end in just 22 days. Meanwhile, congressional Republicans filed a bill to end the student loan relief and restart payments for millions borrowers....
There are growing signs that Biden is set to extend the student loan pause, and may be preparing to approve some form of wide-scale student loan cancellation, as well. Here’s the latest.
I live near a Sonic Drive-In restaurant that has been closed lately during business hours. At first, I thought it closed for good, but yesterday I saw a big HelpWanted sign out front. Sonic is looking for “crew” workers–$10 per hour. It’s...
A federal court on Thursday granted preliminary approval for a settlement agreement between the Biden administration and student loan borrowers to resolve a long-running class action lawsuit over stalled student loan forgiveness applications. Details here.
In recent years, the Brooking Institution published a series of papers as part of its Future of the Middle Class Initiative. In a 2020 paper, Brookings defined the Middle Class as the middle 60 percent of household income distribution–“not poor, but not...
As a key student loan forgiveness opportunity winds down, Biden administration officials are urging borrowers to apply before the deadline. But millions of borrowers may not realize that the window to apply might be even shorter than it seems.
The Education Department is reportedly prepared to swiftly implement mass student loan forgiveness — if President Biden decides to approve such an initiative.
Mardis Gras parades are an ancient tradition in New Orleans, going back to the eighteenth century. Social clubs called krewes sponsor these parades, and krewe members throw trinkets called throws at parade-goers. Typically, a throw is a necklace of plastic beads,...
I read Shakespeare’s Macbeth as a high school student, and I still remember one line from that play: I am in blood stepped in so far, that, should I wade no more, returning were as tedious as go o’er. I understood the line to mean that Macbeth had involved...
You’re a middle-class American, right? You have enough money in the bank to be a Chase Private Client, which entitles you to a Chase Private Client debit card. You’ve accumulated enough points staying at Hilton hotels to hold a Diamond status on your...
The Biden administration has launched a new tool to help borrowers determine whether they may qualify for student loan forgiveness. The launch arrives just as a key loan forgiveness expansion for public service borrowers is about to expire.
The Wall Street Journal reported today that the worst two airports in the world for delayed flights are Toronto and Montreal. I can confirm that Journal’s findings are accurate. I was in both airports a few days ago, and the experience was a nightmare. Due to...
President Biden is nearing decisions on key student loan relief initiatives including a possible extension of the student loan pause into 2023, and enacting some form of broad student loan forgiveness.
The Biden administration may have just dropped a significant clue on whether it may enact broad student loan forgiveness.
Several key federal student loan forgiveness and relief initiatives are about to end. At the same time, the Biden administration is approaching a self-imposed deadline for deciding whether to enact broad student loan forgiveness. Here’s where things stand.
A coalition of over 130 organizations wrote to President Biden on Thursday, urging him to extend temporary student loan forgiveness initiatives and the student loan pause that are set to end within a matter of weeks. Here’s the latest.
There have been significant student loan servicing transfers, sweeping changes to student loan forgiveness and relief programs (many of which are temporary), and ambiguous messaging from top Biden administration officials about what to expect in the coming months....
The Biden administration is touting its approval of billions of dollars in student loan forgiveness for over a million borrowers. But officials continue to send mixed signals on what borrowers should expect in the coming months.
“It’s good to be shifty in a new country,” Huckleberry Finn observed in Mark Twain’s most famous novel. What does it mean to be shifty? I think Twain meant that people should be cautious in a strange environment and suspicious about...
