student loans - Page 4

Transportation Secretary Pete Buttigieg’s husband, Chasten Buttigieg, is upset the Biden administration’s freeze on student loans is soon ending.

Elite universities continue to push master’s programs that don’t pay off, as the jobs that graduates get with their degree from top institutions fail to generate enough income to pay down their six-figure federal loans, according to the Wall Street Journal.

Sen. Elizabeth Warren is using the confirmation of Biden’s pick for undersecretary of education as a way to advance student loan forgiveness.

The rate by which student loan debt grows has doubled since the Chinese coronavirus pandemic started, reaching record-high levels. Experian found that most of the new debt can be federal loan payment pause, a coronavirus relief measure that appears to have incentivized consumers not to pay off their existing debt while they borrow more money.

Rep. Alexandria Ocasio-Cortez (D-NY) expressed a sense of urgency for the Biden administration to address student loan debt in a significant way by forgiving more than $10,000 per student after President Joe Biden’s failure during Tuesday’s CNN town hall to commit to doing so.

The Hungarian government is scrapping income tax for under-25s to help young people “to have a future in Hungary, to start a family, raise children, prosper, and live” the country’s families minister told Breitbart in an exclusive interview.

Senate Majority Leader Chuck Schumer (D-NY) on Friday nudged President Joe Biden and Vice President Kamala Harris to cancel student debt — a long-held agenda item for progressives.

Democrats, who hope a Biden presidency will usher in left-wing policies, don’t like his plan for partial forgiveness of student loan debt.

Education Secretary Betsy DeVos announced this week an extension on payments for student loans and interest accrual until January 31, 2021.

Sen. Kamala Harris pledged to forgive student loan debt for graduates of historically black colleges and universities who make less than $125,000 a year.

Sens. Chuck Schumer and Elizabeth Warren told reporters the “new president” will “wipe out” student loan debt for millions of Americans.

The few differences that remain between Joe Biden and Bernie Sanders are insignificant. Meanwhile, Biden has begun to call for “revolution.”

A survey released this week from LendEDU reveals that Americans were already on shaky financial ground even before the impact of the coronavirus outbreak.

Betsy DeVos has halted collection actions and wage garnishments against students who have defaulted on their education loans.

Sen. Bernie Sanders (I-VT) this week released his own plan to combat the coronavirus pandemic, which includes $2,000 monthly paychecks to “every person in America,” the halt of student loan payments, and the expansion of unemployment insurance.

President Donald Trump on Friday announced that he has waived interest payments on all federal student loans to help alleviate financial strain as the United States combats the spread of the coronavirus.

Appearing Friday on CNBC, Treasury Secretary Steven Mnuchin said the Trump administration could provide temporary student loan suspensions to help Americans amid the coronavirus outbreak.

Aggressive budget cuts, even if put forth only in theory to please zealous scholars-in-cubicles, seem to be self-defeating because they antagonize Americans who don’t know that the cuts are only theoretical.  

Dan Cain of Twinsburg, Ohio, received a rather unusual amount of correspondence from the company managing his daughter’s student loans.

A new poll reveals that 40 percent of Americans would prefer student debt forgiveness to universal health care. Student loan debt in America topped $1.7 trillion last week.

Sen. Elizabeth Warren (D-MA) vowed Tuesday to cancel the bulk of student loan debt on the first day of her presidency via executive action.

The University of Phoenix announced on Tuesday that it will cancel $141 million in student loan debt. The for-profit school’s announcement is part of a deal that settles allegations that the university displayed false advertisements in 2012.

A recent study found that college students from high-income households are borrowing more money for school than students from households with lower incomes. The report added that students from wealthier families are responsible for some of the more drastic borrowing increases in recent years.

Sen. Elizabeth Warren (D-MA) responded to Mayor Pete Buttigieg’s (D) veiled critique of her “free” college proposal, defending her plan as “an investment in an entire generation of young people.”

Conservative writer Victor Davis Hanson is concerned about the quality of college graduates being produced by American universities and colleges in the modern era, who he describes as “woke and broke.”

Sallie Mae sales employees were rewarded this week with a five-day, all-expenses-paid trip to Hawaii for achieving a record year of $5 billion in student loans, adding to the reported $1.6 trillion in student loan debt for Americans.

“Last year more than one million borrowers defaulted on a student loan. That’s more than the population of each your districts,” said Seth Frotman, Executive Director of the Student Borrower Protection Center to members of the Congressional Financial Services Committee during a hearing on the nation’s student loan debt crisis.

Students and fresh grads from around the country are entering into sexual relationships with older benefactors in order to pay off their student loans. One website that facilitates the arrangements claims to have more than 4 million students on its platform.

According to a recently released survey, two-thirds of employees admitted to having regrets about their higher education, specifically when it came to the high cost of college, as well as the area of study. Student loans represented the largest source of regret across all demographic categories.

Rep. Alexandria Ocasio-Cortez (D-NY) is on board with Sen. Bernie Sanders’ (I-VT) proposal to erase all student loan debt, because she has not paid off her student loans either, she said Monday.

Congressional Democrats and President Obama orchestrated a government takeover of student lending in 2010.

At the end of 2018, young Americans age 19 to 29 faced $1 trillion in debt, mostly for student loans, according to the Federal Reserve.

In his 2019 proposed budget, President Donald Trump called for heavy cuts across federal agencies, including funding for student loans and medical research.

“Students deserve useful and relevant data when making important decisions about their education post-high school,” said education Secretary Betsy DeVos. “That’s why instead of targeting schools simply by their tax status, this administration is working to ensure students have transparent, meaningful information about all colleges and all programs.”

House Democrats have introduced a bill that would make community colleges free to students, according to a report from the Washington Post.

A new report suggests that Americans’ student loan debt now totals $1.5 trillion.