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Only Congress can authorize a student-debt forgiveness program, and Congress has chosen not to enact such a plan.
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While President Biden claims that forgiving student loans helps reduce college costs, it is the loan program itself that is responsible for much of the explosive growth of higher education spending.
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The Biden administration is scaling back its student debt relief program because it is being challenged in court. Six Republican-led states have filed six new lawsuits against the program.
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Credential inflation may have altered the signaling function of college degrees.
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Why does AOC think working-class taxpayers should foot the price for her?
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We must confront the reality that “cancellation” of student loan debt may successfully serve a political campaign promise, but it fails as serious policy. America’s polarized political system is ripe for radical ideas. Democratic political systems are based on the notion that politicians must find ways to appeal to voters. As the demographics of a …
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Financial counselors have long stressed that the “miracle of compounding” becomes increasingly powerful the longer any funds are held. By delaying investing because of student loan debt, young people lose more than many realize. College students currently graduate with an average student loan debt of $30,000. At a 4 percent interest rate, monthly payments of …
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The billionaire financier who promised to pay off an entire college class’s student debt is under federal probe for possible tax crimes, a new report says. A web of offshore financial transactions is at the heart of the probe of Robert F. Smith, a money manager and philanthropist who is the wealthiest black person in …
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The economic impact of the lockdowns and stay-at-home orders has upended many traditional jobs and industries, paving the way for agile entrepreneurs and creative startups to offer new products and services that people need and want. As coronavirus lockdowns have weakened the US economy this spring, causing business closures and layoffs, teenagers are particularly hard …
Only Congress can authorize a student-debt forgiveness program, and Congress has chosen not to enact such a plan.
