Several student loan borrowers have filed a petition to force Navient, one of the nation’s largest student loan servicing companies, into bankruptcy. Will it work?
“Our Offices routinely receive complaints from borrowers who are unable to navigate the abstruse and opaque repayment or forgiveness plans available under current law.”
Will President Biden actually proceed in cancelling student debt? The answer will probably come down to three factors.
Would President Biden cancel student loan interest?
Biden provided his most detailed answer to date on the question of cancelling student debt.
“The student loan debt crisis is not just a national economic issue — it is also a racial justice issue at its core.”
The Harvard student newspaper pointed out that the vast majority of students graduating from Ivy League schools are not graduating with debt, so it makes no sense to cite these schools as a reason to limit student loan forgiveness.
Here’s what the bill does — and does not — cover.
Real estate in my little corner of Flyover Country is “on a hot streak.” In Baton Rouge, housing sales rose 12 percent last year, and prices shot up by 7 percent. Everywhere, Baton Rouge builders are scrambling to meet the demand for new houses, new...
Late last year, the University of Vermont announced it will shut down two dozen academic programs with low enrollment. Geology, religion, and Asian studies are on the chopping block, along with several language programs–Greek, Latin, and German. At least three...
Donrich Young enrolled in a doctoral program at Grand Canyon University based on his understanding that he could finish the program by taking 60 credit hours. However, he didn’t complete his degree in 60 hours and was forced to pay for three additional...
I live about a mile from the Barne & Noble bookstore, the official bookstore for Louisiana State University. Yesterday, I walked over for a cup of hot chocolate at the bookstore’s Starbucks coffee shop.While the barista was constructing my cocoa (a...
As reported by the Star Tribune a couple of weeks ago, the University of Minnesota will not accept new students into many of its liberal arts programs in the fall of 2021.The university is stopping admission in twelve programs, including history, political science,...
College enrollment applications plunged 20 percent at the State University of New York, an enormous college system with 64 campuses. The coronavirus pandemic bears most of the blame.But SUNY Chancellor Jim Malatras is upbeat. The coronavirus “invites us how we...
Our government’s Parent PLUS Program is an insidious scheme to lure low-income parents into taking out student loans so their kids can go to colleges they can’t afford. Insider Higher Ed’s Kery Murakami tells the story of Ewan Johnson, whose mother...
College professors are burned out by the coronavirus epidemic. According to Liz McMillen, Executive Editor of The Chronicle of Higher Education:Faculty members are stressed, sometimes extremely so; they’re tired and anxious about a required return to campus;...
Trey Neal took out a private student loan with JP Morgan Chase Bank in 2008. Neal and Chase signed a promissory note agreeing that interest on the loan would be governed by Ohio law. Later, Neal concluded that he was being charged interest at a higher rate than Ohio...
Top Democrats, led by Senators Chuck Schumer and Elizabeth Warren, are calling on President Joe Biden to forgive student-loan debt up to $50,000 per person. According to the plan’s proponents, $50,000 in debt relief would wipe out all college-loan debt for 36...
