Student debt cancellation would be an essential move toward affordable higher education, says Felicia Wong, president and CEO of the Roosevelt Institute.
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 will not be asked to make payments until after Aug. 31, and interest rates are expected to remain at 0% during that period.
The Biden administration says there are more than 40 million people with outstanding student loan debt.
Students can use the money any way they want, but it could help them reduce debt, and pay for living costs.
More than 40 million borrowers with federal student loans have had a respite through the pandemic. That ends Jan. 31.
The college will eliminate student loans in financial aid packages, issuing grants instead.
More people are going to college and graduate school. There's also been an increase in parents taking on loan debt for their kids.
Billionaire investor Robert F. Smith paid off their student loans. Now they're trying to pay their good fortune forward.
Darrick Hamilton, a co-author of a recent study from the New School, describes other ways to address the disparity that hurts Black Americans.