The president can relieve 7.3 million student debtors from default, benefiting their credit scores and avoiding wage garnishment. He hasn’t committed to doing it.
student debt
Posted inEducation in America
Start Governing and Good Things Happen
The Education Department’s changes to the Public Service Loan Forgiveness program can serve as a powerful lesson.
Posted inEducation in America
Bureaucracy Jams Up Student Debt Relief for Disabled Borrowers
Recently announced student debt forgiveness for ‘totally and permanently disabled’ people leaves many at the mercy of a bureaucratic and somewhat random process.
Posted inEducation in America
Student Loan Pause Extended. Next Stop, Cancellation?
The authority to forgive student debt is the same as the authority to pause payments. There’s no excuse not to move forward.
Posted inEconomic Policy
Larry Summers Holds Positions With Numerous Financial Bottom-Feeders
The online, often predatory lending companies benefit from lower-income Americans needing emergency cash. That aligns with Summers’s concern trolling about an ‘overheated’ economy.
Posted inEducation in America
For Student Debtors, Time’s Running Out
In just three months, the student loan payment moratorium is scheduled to come to an end. Borrowers are starting to panic.
Posted inPolitics
House Republicans Repudiate Their Military Constituents
New caucus chair Elise Stefanik leaves her Fort Drum constituents at the mercy of debt collectors.
Posted inEducation in America
Student Loan Servicing Companies Shouldn’t Exist
And Rich Cordray, now running the office of Federal Student Aid, could help make that a reality. It would even help with the cancellation of student debt.
Posted inEducation in America
New Hope for Student Debt Relief
Richard Cordray can make the Education Department’s federal aid office work on behalf of students again.
Posted inFirst 100
First 100: The Day One Agenda Has Stalled Out
Biden has failed to act and is even allowing constraints on executive action to move forward. Plus: the SALT battle continues.