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student debt

A collection of 5 posts

Supreme Court votes 6-3 against President Biden's $400 billion student loan debt dissolution plan

Per Fox 8 The Biden administration planned to pardon student loan debt to the tune of $400 billion. Finally, a decision has been made by the Supreme Court, ruling 6-3 against it. Under the plan, millions of Americans would have reduced or cancelled student loan debt. These repayments are expected

elizabeth warren

Elizabeth Warren says Biden has the legal authority to cancel student-loan debt

Per MW Senator Elizabeth Warren gave comments regarding Biden's authority as the Supreme Court is trying to decide whether the student loan debt cancellation plan was legal. Warren: “Let me be very clear, President Biden has the legal authority to cancel student-loan debt... If the Supreme Court follows

Over 90% of colleges don't give accurate student expense estimates

Per Bloomberg A new report by Bloomberg details how over 90% of colleges fail to give inquirers an accurate estimate of how much students would have to pay. This results in potential college applicants missing their estimates, which could land them even more in debt. The report shares the story

Biden administration forgives $42 billion student loan debt for public service workers

The Biden administration will forgive student loan debt worth $42 billion for over half a million public service workers. The program would help forgive the debts of teachers, nurses, government employees, and more. This comes from an announcement by the US Department of Education, highlighting changes to its Public Service

Millennial debt reached $4 trillion after increasing by 27% from 2019

CBS News Millennials are now the age group that is responsible for around $4 trillion of the total $16.9 trillion in American debt. The number was a 27% increase compared to millennials' debt in 2019, per Akiko Fujita, a Yahoo Finance reporter, in statements made to CBS News.