If Biden doesn’t enact broad student loan forgiveness, there are still other actions his administration could take that could benefit millions of student loan borrowers. Will he act?
Davarian Baldwin, a professor at Trinity College, published an article in The Chronicle of Higher Education this week, arguing that colleges should abolish their campus police forces. This is a boneheaded idea.Baldwin began his article by mentioning two examples of...
Would borrowers with private student loans benefit from any sort of mass cancellation of student debt? Here’s what we know.
Would borrowers with private student loans benefit from any sort of mass cancellation of student debt? Here’s what we know.
A few days ago, Bloomsburg University sent out a campus email message announcing that it will no longer recognize its campus Greek organizations.The message was short and sweet:Effective immediately, Bloomsburg University is terminating its fraternity and sorority...
I was a kid during the polio epidemic of the 1950s, and I was terrified of the disease.I knew two kids who wore steel braces on their legs due to polio, and I saw pictures of children with their heads poking out of iron lungs–very scary!Then Dr. Jonas Salk...
President Biden has said that his administration is looking into whether he can cancel student debt using executive action. But will he ultimately decide to enact broad student loan forgiveness? And if so, what will it look like? Student loan borrowers may have...
President Biden’s recent stimulus bill provided funding for colleges and universities to cancel student loan debt, and student loan borrowers are beginning to see the benefits.
A bill proposed by House Democrats would dramatically reform laws regulating debt collection, and would provide new relief to private student loan borrowers. A vote is expected this week.
Millions of borrowers who have been making payments on their student loans may not realize that they are entitled to a refund.
Elon Musk says MBA degrees are overrated, and he should know. Musk doesn’t have an MBA, and he’s worth $166 billion.Here is what Musk said in a recent interview:The path to leadership should not be through an MBA business school situation. It should be...
A petition calling on President Biden to cancel student debt has garnered over one million signatures. Here’s what it means for borrowers hoping for student loan forgiveness.
Senator Elizabeth Warren called on the Biden administration to extend the current pause on federal student loan payments and interest, make it permanent, or cancel student debt.
In 2018, Education Secretary Betsy DeVos hired Jeff Courtney, a former JP Morgan executive, to do a forensic analysis of the federal student loan program. DeVos suspected the program was generating huge losses. In fact, in November 2018, DeVos said publicly that...
In public comments today, U.S. Secretary of Education Miguel Cardona suggested that the current pause on most federal student loan payments, interest, and collections could potentially be extended beyond September 30 — but don’t bet on it.
A new bill filed in the Senate would expand the Public Service Loan Forgiveness (PSLF) program for military service members. And it has bipartisan support. Here are the details.
Biden has suspended student loan payments and interest, and he’s enacted some new, beneficial policies for borrowers. But what about student loan forgiveness?
In his first major speech to a joint session to Congress, President Biden called on lawmakers to enact free community college. But advocacy organizations want Biden to go further when it comes to free college and student loan forgiveness.
In olden times, college students took classes in the ivy-covered halls of universities. Male professors showed up for class wearing professorial togs: corduroy pants or rumpled khakis, a blue L.L. Bean oxford-cloth shirt, a knit tie, and a baggy sports coat with...
President Biden today released a $1.8 trillion domestic spending proposal that includes free college and more financial aid, but no student loan forgiveness. Here are the details.
Republicans in state legislatures across the country have filed a slew of bills targeting protesters following last summer’s massive, nationwide racial justice demonstrations. But one bill in particular is noteworthy for cutting off student loans and financial aid to...
As the Biden administration continues to evaluate options for enacting widespread student loan forgiveness, should you be doing anything now to maximize your potential future eligibility? Perhaps — but some actions may carry significant and lasting consequences....
Millions of student loan borrowers will soon be subject to draconian collections practices, which could blunt their ability to recover from the most significant economic downturn in generations. But some Democratic senators have a solution.
As the Biden administration continues to evaluate whether it’s possible to enact widespread student loan forgiveness using executive authority, lost in the debate is a simple fact: President Biden and former President Trump collectively have already cancelled $90...
House Democrats today introduced a bill that would allow disabled borrowers to discharge their private student loans for themselves and for any cosigner.
A Supreme Court ruling earlier this month on a key consumer rights law may have just opened the floodgates for harassing robocalls. Here’s what you can do.
Student loan borrower advocacy organizations filed a formal petition today, calling on the Biden administration to grant automatic student loan forgiveness to hundreds of thousands of disabled student loan borrowers who may not even realize that they qualify for a...
For student loan borrowers with larger balances who are repaying their student loans under an Income-Based Repayment plan, $10,000 in student loan forgiveness could have little or no benefit. Here’s why.
When it comes to settlements, student loans are not like other types of consumer debt. And while it is sometimes possible to reduce your student loan balance through a negotiated settlement, your ability to settle very much depends on the type of student loan you...
New information disclosed by the U.S. Department of Education provides crucial new details on the impact that mass student loan forgiveness could have on millions of Americans.
Senator Elizabeth Warren grilled the CEOs of two student loan servicing giants at a Senate hearing today on the student loan crisis. Here are the highlights.
“Easy money lays light in the hand,” Solzhenitsyn observed, “and doesn’t give you the feeling you’ve earned it.” We can say the same thing about easy college courses and easy academic majors. It is quite feasible for a student to...
While it is unlikely that there will be another round of stimulus checks, other forms of economic stimulus and financial relief may be heading your way. Here are some possibilities.
“Student loan debt is a huge barrier to taking relatively low paying public service jobs and PSLF promises forgiveness after 10 years of public service. Hundreds of thousands of people relied on that program only to be rejected.”
A new report issued last week provides new evidence that the U.S. Department of Education and its loan servicers damaged the credit of thousands of student loan borrowers as it implemented a freeze on federal student loan payments that began last year.
Bankruptcy is intended to give honest but unfortunate debtors a fresh start in life. People who mismanage their finances, spend money improvidently or go broke through their own stupidity can shed their debts in a bankruptcy court.That is a good thing. But the...
