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Stories Tagged as

Student debt

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. Federal student loan payments and interest are slated to resume Feb. 1.
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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COVID & Unemployment

Pandemic makes Public Service Loan Forgiveness more difficult

by Samantha Fields
Dec 9, 2020
For people pursuing student loan forgiveness, getting laid off means they're no longer able to make qualifying payments for PSLF.
Nearly 25% of people with student loans working in nonprofits or public service have had a significant change in their work situation during the pandemic, according to a recent survey from TIAA.
BrianAJackson/iStock via Getty Images
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Would canceling $10,000 in student debt really help that much?

by Katherine Wiles
Nov 23, 2020
Comprehensive policy is crucial in solving the student debt crisis, experts say, but $10,000 of debt forgiveness could actually do a lot to help the people who need it most right now.
President-elect Joe Biden expressed support for student debt forgiveness up to $10,000 at a press conference on Nov. 16 in Wilmington, Delaware.
Joe Raedle/Getty Images
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The student debt crisis hits Black Americans the hardest

by Kai Ryssdal and Daisy Palacios
Aug 17, 2020
How systemic racism fueled the student debt crisis for Black borrowers.
ROBYN BECK/AFP via Getty Image
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