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If We Can Give 14,000 Law Firms Covid Cash Why Can’t We Forgive Student Loans?

Our government spent trillions of dollars responding to COVID, and just about everybody got a little something from Uncle Sam. Sometimes I think my wife and I are the only people in the United States who didn’t get a COVID relief check. For example, 14,000 law firms got Payroll Protection money, ostensibly to help them …

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The Ivy League’s Biggest Scam: Expensive Graduate Degrees That Don’t Pay Off

If you are thinking about enrolling in a pricey Ivy League graduate program, read a recent Wall Street Journal article titled “Financially Hobbled for Life’: The Elite Master’s Degrees That Don’t Pay Off.” Reporters Melissa Korn and Andrea Fuller report on a WSJ analysis of student debt owed by people who graduated from prestigious schools …

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Department of Education Hires Accounting Services They Already Get for Free

Secretary of Education Betsy Devos hired McKinsey & Company, a global consulting firm, to audit the federal student loan program. Why did she do that? After all, the Congressional Budget Office, the Government Accountability Office or the Inspector General could have done the job. Why hire a private firm? I’m thinking Secretary DeVos and the …

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Student Loan Debt Leads to Divorce

It can come as no surprise the financial problems is a major cause of divorce. A marital split is an understandable outcome from substantial relationship pressure. CNBC is reporting 1 in 8 divorces are caused by student loan debt, “13 percent of divorcees blame student loans specifically for ending their relationship, the report found. Student …

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