student loan forgiveness

Earlier this week, Inside Higher Education, reported that college enrollments have declined for five straight semesters. In the spring 2020 semester–when the COVID epidemic began–the nation’s colleges enrolled 17.1 million students. Today, 15.9 million Americans are in postsecondary classes–a decline of 1.2 million students. Some states saw more significant declines than others, and some saw …

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More than one hundred public interest groups sent a letter to President Biden this week urging him to cancel all student debt. How much are we talking about? Close to $2 trillion. I will say upfront that I support wholesale student-loan forgiveness. As numerous studies have pointed out, burdensome student debt has kept millions of …

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President Biden has asked Education Secretary Miguel Cardona to prepare a memo on the president’s legal authority to cancel up to $50,000 in student debt. If he did that, the experts tell us, President Biden would forgive all college-loan debt for 36 million people–about 80 percent of all borrowers. Is that a good idea? Sort …

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Top Democrats, led by Senators Chuck Schumer and Elizabeth Warren, are calling on President Joe Biden to forgive student-loan debt up to $50,000 per person. According to the plan’s proponents, $50,000 in debt relief would wipe out all college-loan debt for 36 million Americans. That would be an impressive achievement. Moreover, forgiving $50,000 in student …

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On the 2020 presidential campaign trail, Joe Biden ran in part on a student loan reform platform. On top of suggesting potential changes to existing federal student loan forgiveness programs, Biden floated the possibility—both in Tweets and in campaign speeches—that he supported a proposal to forgive $10,000 in federal student loan debt. All of this …

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Student loans are a significant issue in the United States, where consumers have more than $1.7 trillion in total student loan debt. More than two-thirds of members of the class of 2019 graduated with federal and private student loans, owing an average of nearly $30,000 per borrower. Broken down by degree levels, the debt increases. …

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This week, Joe Biden called on Congress to give all student borrowers $10,000 in debt relief on their federal student loans. “It should be done immediately,” Biden said. Senators Elizabeth Warren and Charles Schumer say Mr. Biden’s plan is not bold enough. They want him to use his executive powers to give all student borrowers …

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