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Student debt

Economic Pulse

Who would benefit the most from student debt relief?

by David Brancaccio and Jarrett Dang
May 24, 2022
Student debt cancellation would be an essential move toward affordable higher education, says Felicia Wong, president and CEO of the Roosevelt Institute.
Activists hold festive signs calling on President Joe Biden to cancel student debt.
Paul Morigi/Getty Images for We, The 45 Million
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"Canceling student debt is the quickest way to narrow the racial wealth gap"

by Amy Scott and Richard Cunningham
Apr 20, 2022
Proposals to reform the federal student loan system shed light on the relationship between student debt and economic inequality. UCLA's Hannah Appel joins us to discuss.
Borrowers owe more than $1.7 trillion in student loans, and those debts can delay major financial decisions.
Leigh Vogel/Getty Images for MoveOn & Debt Collective
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White House to extend student loan payment pause through August

by Associated Press
Apr 5, 2022
Borrowers will not be asked to make payments until after Aug. 31, and interest rates are expected to remain at 0% during that period.
Robyn Beck/AFP via Getty Images
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What might the extended pause on federal student loan repayment mean for borrowers?

by Samantha Fields
Dec 23, 2021
The Biden administration says there are more than 40 million people with outstanding student loan debt.
On average, students who took out loans repay around $400 a month.
zimmytws via Getty Images
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What will a $10,000 gift mean for students at Meharry Medical College?

by Blake Farmer
Dec 22, 2021
Students can use the money any way they want, but it could help them reduce debt, and pay for living costs.
Meharry master's student Andreas Nelson said being given $10,000 means the school trusts students to use the money in ways useful to them. Nelson hopes to attend dental school, which leaves the average Meharry student with $280,000 in loans.
Blake Farmer/WPLN News
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Payments and interest on federal student loans set to resume after nearly 2 years

by Samantha Fields
Dec 20, 2021
More than 40 million borrowers with federal student loans have had a respite through the pandemic. That ends Jan. 31.
Activists hold festive signs calling on President Joe Biden to cancel student debt.
Paul Morigi/Getty Images for We, The 45 Million
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Smith College is the latest school to go "no-loan," targeting student debt

by David Brancaccio and Rose Conlon
Nov 5, 2021
The college will eliminate student loans in financial aid packages, issuing grants instead.
Robyn Beck/AFP/Getty Images
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Nearly 9 million older Americans still have student loan debt

by Samantha Fields
Jun 21, 2021
More people are going to college and graduate school. There's also been an increase in parents taking on loan debt for their kids.
And the total amount of debt they owe is growing faster than for any other age group.
zimmytws/Getty Images
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A gift left the Morehouse Class of '19 debt-free. Here's how it's changing their lives.

by Samantha Fields
May 13, 2021
Billionaire investor Robert F. Smith paid off their student loans. Now they're trying to pay their good fortune forward.
Elijah Dormeus is “literally still in awe of the love that was given to the class, all 400 of us.” Above, Dormeus is surrounded by his family at his Morehouse graduation in 2019.
Courtesy Elijah Dormeus
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Education may help close the racial wealth gap, but it isn't a panacea

by Kimberly Adams and Sean McHenry
Apr 8, 2021
Darrick Hamilton, a co-author of a recent study from the New School, describes other ways to address the disparity that hurts Black Americans.
New graduates at Agnes Scott College in Georgia. African Americans need access to capital, Darrick Hamilton says.
Rick Diamond/Getty Images
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