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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.
For people pursuing student loan forgiveness, getting laid off means they’re no longer able to make qualifying payments for PSLF.
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.
How systemic racism fueled the student debt crisis for Black borrowers.