An estimated 40 million borrowers could be affected by a pair of cases before the Supreme Court that could block the Biden administration’s plan to cancel student debt.
Questions remain about whether President Joe Biden has the authority to cancel student loan debt.
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A finance expert explains why President Biden’s student loan forgiveness program got blocked – and what’s next for student loan borrowers in search of relief.
Several groups have opposed President Joe BIden’s plan to forgive $10,000 to $20,000 of student debt.
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Huge disparities in how much students pay for courses mean graduates of high-fee disciplines will take longer to repay their debts or might never do so. That will ultimately add to government debt.
Single mothers are more likely than single fathers to have their debts discharged in court.
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When researchers examined the outcomes for cases to discharge student loan debt, they found that judges are often biased against people based on their gender and other factors.
Currently, the total outstanding federal student loan debt is $1.7 trillion.
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As federal student loan debt continues to rise, a number of scholars discuss how debt affects the nation’s college students, graduates and the economy as a whole.
When people can’t afford what they want to eat, they have to make a lot of calculations at the supermarket.
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Congress first imposed a lifetime ban on discharging student loans through bankruptcy in 1998. Two scholars explain how that could change under a proposed law.
Trinity Washington University in Washington, D.C. is one of several colleges using federal money to clear their students’ debt.
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Colleges and universities are using federal money to clear their students’ debt. An economist explains who will benefit from this move.
Already the Biden administration has forgiven nearly $3 billion of student loan debt from 113,000 borrowers.
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Young people might take on a lot of debt without considering its consequences for their older years. A philosopher makes a case for laws to limit that debt as a duty toward self.
U.S. Secretary of Education Betsy DeVos speaks during the daily briefing on COVID-19 on March 27, 2020, in Washington, D.C.
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Canadians’ publicly funded post-secondary education system has been eroded over time, diminishing the promise it once held to protect people from poverty. We should demand change.
Taxpayers, including those paying tuition fees with FEE-HELP loans, can claim a deduction for self-education expenses that relate to the work they do. But graduates with a HECS-HELP debt can’t claim.
Students who fail units are highly likely to fail again without targeted assistance. But when universities intervene early to support these students, their rate of failure has been nearly halved.
Although the government has identified a real problem, its heavy-handed regulation would create unnecessary red tape for universities and exclude students who should get a second chance.
Borrowers looking to eliminate student loan debt through bankruptcy have to clear a series of high hurdles.
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