Stories tagged: "student loan debt"
Four Pennsylvania representatives are among a large group of Congress members urging President Joe Biden to extend the current pause on federal student loan payments and interest.
About 45 million borrowers in the US collectively owe $1.6 trillion in student loan debt, a burden that has left millennials worse off than their parents, delayed marriages and children, widened the racial wealth gap, and had devastating mental health consequences.
Student debt cancelation and tuition-free college may seem extreme to DeVos, who owns a $40 million yacht, but not to those facing the cost crisis of America’s higher education system.
Over the weekend, the Department of Education began reminding borrowers via texts and email that their monthly payments will resume on Jan. 1.
Senators introduce a resolution that calls on Trump and Education Secretary Betsy DeVos to use executive authority to eliminate some federal student loan debts.
The coalition of attorneys general say DeVos violated federal rules by issuing her policy without justification, and they say her rules fail to create a meaningful process for defrauded students to get their federal loans forgiven.
Student debt cancellation has grown in both popularity and political viability over the past year, and particularly so amid the coronavirus crisis.
