Few issues have vexed the Biden administration like student loan forgiveness. Given that more than 40 million Americans owe money on their student loans, for a total of $1.6 trillion, few issues have such a large impact on so many. Democrats and progressives have long prioritized this matter, and President Joe Biden promised to fight for significant debt relief before taking office. Even though his ambitious proposal to use his executive authority to forgive $400 billion in student loan debt...
Student debt, a new Gallup report shows, is making it harder for young people to reach key life milestones. According to a Gallup survey of over 14,000 adults, over 70% of people say student debt has “delayed major life events” including moving out of their parents’ home, getting married, and having a child. Strikingly, there […]
To be eligible, borrowers with any of four types of federally managed loans must consolidate them by April 30.
(The Center Square) – President Joe Biden's plans to cancel student debt for some borrowers could cost taxpayers up to $1.4 trillion, depending on how the plans are implemented, a new report estimates. The nonpartisan Committee for a Responsible Federal Budget estimated all Biden's recent debt cancellation efforts would cost a combined $870 billion to $1.4 trillion. "That’s more than all federal spending on higher education over the nation’s entire history,"...
To the editor: Columnist Michael Hiltzik asks a question on student loan debt relief that is fundamental to the direction of this country and should dominate economic policy in the 2024 election. ("Are Republicans who got pandemic debt relief hypocrites for complaining about student debt relief? Yes," column, April 16) For far too long, Republicans have maligned any form of student debt relief under the guise that it cost the taxpayers in order to fund "worthless gender studies degrees." They...
The Biden administration's latest plan to wipe out federal student loan debt for millions of borrowers could add up to $750 billion to the national deficit, according to a Tuesday report from the Committee for a Responsible Federal Budget.So far, the White House has announced $150 billion in so-called student loan "forgiveness" programs over the last year following the Supreme Court's June decision to reject unilateral loan cancellations. The previously rejected program would have wiped out $430...
Most families take out student loans to cover the rising cost of college. A new report found that incoming freshmen may have $37,000 in debt by graduation.
A key deadline is approaching fast for a student loan cancellation opportunity.
ASHLAND, Ore. – Two outstanding Ashland students have been named winners of the Oregon Mayors Association’s “If I were Mayor…” competition. The 2024 winners are fourth grader Ember Richards at TRAILS Outdoor School and eighth grader Avalon Gerk at Willow Wind School. Ember won in the Poster Contest, while Avalon took first place in the […]
Australian mortgage holders should not be banking on interest rate relief following surprisingly strong quarterly inflation data. The March quarter consumer price index revealed lingering price pressures, especially for services such as education, health, rents and insurance, slimming the chance of interest rate cuts any time soon. Fewer or no cuts in 2024 will delay […]
Graduates paying back their university debt should be given guarantees their loans will not rise above a certain level, higher education experts say, after another spike in indexation. Debt levels for HECS will increase by 4.7 per cent from June 1, following the release of official inflation figures that highlighted how stubborn prices pressures are. […]
New Title IX rules from the Biden administration protect LGBTQ students from discrimination, but sidestep transgender athlete eligibility.