student loans

At issue is if the president has the authority to cancel up to $20,000 in federal student debt for some 43 million borrowers.

In 2022, consumer credit increased 7.8% from the year before. But in December, the growth in borrowing decelerated.

In the past, not even one student borrower in 100 who declared bankruptcy had student loans discharged.

A federal program used to reject most applications. But a Biden administration waiver has allowed forgiveness for $14 billion in loans.

With over 40 million people eligible for debt relief, this is the largest operation of its kind in the department’s history.

We help you figure out whether you’re eligible and answer questions about the plan.

The proposal could be a step “toward a vastly simpler and lower-cost way to pay for higher education,” says economics contributor Chris Farrell.

In the past fifty years, tuition at both public and private schools has more than tripled, even after accounting for inflation.

Interest on new federal student loans is based on the 10-year Treasury yield. The pause on repayments will end Aug. 31.

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.