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Stories Tagged as

Student debt

Should colleges be accountable for some student debt?

by Kirk Carapezza
Sep 28, 2022
About 36 million people in the U.S. have some college education, but no degree, yet they still owe money on student loans.
President Joe Biden announced a three-part plan that will forgive hundreds of billions of dollars in federal student loan debt.
Brandon Bell/Getty Images
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Interest can add a lot of debt to student loans. Here's how the Biden plan could help.

by Samantha Fields
Sep 5, 2022
The government would cover unpaid interest for borrowers who are on income-based repayment plans and continue to make monthly payments.
Because of the high interest rates on student loans, the amount owed continues to grow for many borrowers in income-driven repayment plans.
Stefani Reynolds/AFP via Getty Images
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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.
The Supreme Court struck down President Joe Biden's loan forgiveness plan, but the Biden administration has announced some remedies that will provide some borrowers with relief.
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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