In Victory For Borrowers, DeVos Agrees To Stop Issuing Mass Denials Of Loan Forgiveness Applications | Forbes
Student loan borrowers scored a victory in court this week against Education Secretary Betsy DeVos, as litigation continues over mass denials of student loan forgiveness applications. The case, Sweet v. DeVos, concerns the troubled Borrower Defense to Repayment program.
How the Biden Administration Can Free Americans from Student Debt | The New Yorker
On September 2nd, the anthropologist and activist David Graeber died unexpectedly, while on holiday in Venice. David, who was my friend and collaborator for more than a decade, was best known for his groundbreaking study “Debt: The First 5,000 Years,” from 2011.
Should the Biden Administration Cancel Student Debt? This Guide Might Help You Decide | MarketWatch
The debate over student-debt cancellation is raging as it becomes a more realistic possibility.
Biden Could Face a Student Loan Mess if Trump Allows Pandemic Relief to Expire | CNN
Student loan borrowers haven’t had to make payments since March — but that piece of federal pandemic relief is set to expire on December 31, unless President Donald Trump or Congress act to extend it.
What Biden’s Election Could Mean for Student Loans | New York Times
The federal government is the primary lender for students who borrow money for college and graduate school, and the Education Department directly holds more than $1.4 trillion in student debt. President-elect Joseph R. Biden Jr.’s administration will have the ability to make changes that can directly affect millions of borrowers’ monthly bills.
President-Elect Joe Biden Has Signaled He’s Open to Canceling Student-Loan Debt — The Question Is When And How Much | MarketWatch
Activists, advocates and scholars have been arguing for years that cancelling student-loan debt would provide an economic stimulus, correct decades of policy failure — and that the president has the authority to do it.
Here’s What Biden Could Change Just by Executive Order | MarketWatch
As people and markets around the world brace for Joe Biden’s move into the White House, a key factor is what the veteran Democratic politician could accomplish without having to work with Congress.
What a Joe Biden presidency means for taxes, health care, housing, student debt — and another COVID-19 stimulus package | MarketWatch
Joe Biden was projected Saturday to become the nation’s next president, according to the Associated Press, after campaigning on an ambitious domestic agenda he hopes will improve voters’ finances and invigorate an economy battered by the coronavirus pandemic. Tax hikes for the rich, broadened health care coverage and student loan forgiveness were some of the projects on candidate Biden’s to-do list.
“Attacking the Concept of Debt” | Harvard Magazine
Only a few years ago, Douglas Jones, who worked night shifts as a security guard at a nursing home in Roxbury, was hesitant to spend even $10 more than his typical budget allowed. Payments on his student loan debt were being withdrawn directly from his bank account. If the balance was short—for instance, if Jones hadn’t managed to get 40 hours at his job that week—the bank charged an overdraft fee. The debt had ruined his credit score and he hadn’t had a credit card in years. “They were even taking money I didn’t have,” Jones says. “It was stressing me the hell out.” Along with millions of other Americans, Jones had fallen prey to the for-profit college industry, which is in essence a two-pronged system—federal loans at one end and for-profit schools designed to access those loans at the other.