Billionaire investor Robert F. Smith paid off their student loans. Now they're trying to pay their good fortune forward.
Marketplace senior economics contributor Chris Farrell thinks it's become a matter of when and how much debt will be canceled.
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.
The Department of Education just extended temporary relief for borrowers with federally held student loans.
By one estimate, about 200 private liberal-arts institutions are on the verge of going under.
The president over the weekend signed a memorandum extending the current payment pause and interest waiver for most federal student loans through the end of the year.
The CBO released a report this week estimating that over the next decade, the federal government will forgive $207 billion in student loans.
"There's a market to be the David versus the Goliath that's already there ... I like being the David."
Pillar lets friends and relatives make student loan payments as a holiday gift.