During portions of an interview aired on Friday’s “PBS NewsHour,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama
On Wednesday’s broadcast of CNN’s “The Lead,” White House Senior Adviser for Public Engagement Keisha Lance Bottoms responded to questions on how President Joe Biden’s student loan cancelation program will be paid for by stating that President Biden “has done
On Wednesday’s broadcast of CNN’s “The Lead,” White House Senior Adviser for Public Engagement Keisha Lance Bottoms responded to concerns that President Joe Biden’s student loan debt program will result in working-class people paying for the loans of people making
On Wednesday’s broadcast of the Fox News Channel’s “America Reports,” Sen. Tom Cotton (R-AR) stated that President Joe Biden’s student loan cancelation program “gives you an insight into the priorities of the Democratic Party. They’re, once again, looking out for
On Wednesday’s “CNN Newsroom,” Sen. Elizabeth Warren (D-MA) responded to a question on what she’d say to people who paid off their loan debt and now will have to bail out those that may make more than them by stating
On Tuesday’s broadcast of “CNN Newsroom,” Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget Marc Goldwein stated that making people start paying back their student loans is “One of the easiest” ways to control
During an interview with “Pod Save America” on Thursday released on Friday, White House Press Secretary Jen Psaki stated that canceling student loan debt is “on the table” and high costs are “an important thing to consider. That’s a big
During an interview with CBS’ “Red and Blue” on Tuesday, Education Secretary Miguel Cardona said that even though “the economy is improving” and there have been large increases in jobs, “we know Americans are still hurting.” And stated that extending
“Borrowers should contact their lenders,” Trump said, adding that it was “going to make a lot of students happy.”
California is home to more than 25% of Deferred Action for Childhood Arrivals (DACA) beneficiaries, and is expected to face big impacts following President Trump’s decision to rescind the Obama administration’s policy on so-called “Dreamers.”
Many of us seem to be accepting huge loan balances as a fact of life, much as we ignore government debt that consumes hundreds of billions of dollars in interest payments. This sets the stage for revolution, when circumstances force us to confront our debt load… and the burden we’ve ignored for so long suddenly seems bitterly unfair.
With the U.S. taxpayer guaranteeing $1.2 trillion of student loans, only about half are being repaid.
“If we nominate Donald, we end up electing Hillary [Clinton] as president,” 2016 Presidential candidate Sen. Ted Cruz (R-TX) said, encouraging Georgia voters at Saturday’s rally in Atlanta to vote for him over Donald Trump in the pivotal Super Tuesday election.
America’s middle class has shrunk by almost 20 percent since the 1970s and now is a minority of the population of the United States.
A study finds that student loan default rates among students with supportive families who earn a four-year college degree are low compared to low-income borrowers who attend schools associated with low labor market outcomes.
Corinthian Colleges is officially shutting down all of its remaining 28 ground campuses, displacing about 16,000 students. The action comes less than two weeks after the U.S. Department of Education announced it had fined the for-profit institution $30 million for misrepresentation. According to the Colleges’ latest SEC filings, their schools generated $1.2 billion in government loans last year.
With University of California tuition more than doubling in the last decade, about two-thirds of Californians now rate affordability at America’s largest public college system as poor. Despite Federal Reserve warnings about default risks for student loans, the UC system intends to raise tuition by 5 percent next year and 21.5 percent over the next 5 years.
Debt, like fire, can be a dangerous instrument. A cynic might even think the point of getting government more deeply involved in student loans is to establish a dependency stranglehold over young people, whose votes could be purchased in one election after the next by promising to write off some of the insanely high debt they’ve incurred to pay absurdly inflated tuition rates for over-valued diplomas.
