The president announced a plan expected to impact 95 percent of the 43 million federal student loan borrowers. Democrats call the announcement a win for low- and middle-income Americans. Republicans question its legality.
Education Department proposes changes to loan programs to make it easier for public service employees and those who attended fraudulent colleges to get their student loans forgiven.
Federal scrutiny grows of a practice colleges use widely. Two experts discuss what policy makers and institutions can do to avoid impeding students from jobs or further education.
Black parents are disproportionately burdened by Parent PLUS borrowing, a new study finds, leading to deeper racial inequities in student loan borrowing and higher education at large.
Younger Americans and those with student debt are far less likely than their peers to believe the benefits of getting a higher education outweigh the costs.
President Biden suggests he will move to forgive some student debt. When a final decision will occur and whether his plan will be successful is still unknown.
Education Department plans to forgive 40,000 student loans immediately and place 3.6 million borrowers three years closer to debt forgiveness. Reaction is mixed.
High school juniors who believe they can’t afford higher education are about 20 percentage points less likely to attend college within the first three years after high school than peers who don’t think affordability is a barrier.
The shortage of financial aid employees is especially worrisome given that the Department of Education is now planning to beef up its enforcement of federal student aid program rules.
