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The Biden administration recently unveiled its latest initiative to cancel student loan debt by forgiving $5 billion in loans for approximately 74,000 borrowers who took $12,000 or less and have been repaying for a decade. This fast-tracking relief plan is delivered through the public service loan forgiveness (PSLF) program and income-driven repayment (IDR) plans, and…
According to the Education Data Initiative, 43.6 million Americans have federal student loan debt. Collectively, Americans owe $1.7 trillion, and hope for relief has been a rollercoaster throughout Joe Biden’s presidency. Thursday, Jan. 11, that rollercoaster hit another peak, as the Department of Education announced that Americans with smaller federal student loans will get relief…
Bill Granger, the Australian chef credited with bringing avocado toast to the mainstream, died of cancer at 54 on Christmas Day in a London hospital. His legacy includes cookbooks, television shows and restaurants in multiple countries; but his simple breakfast dish took on a life of its own, often used as an example of millennials’…
The nation’s budget is in constant triage. Congress again packed the wound by passing a temporary funding patch to keep the government’s lights on until early next year, but fiscally, the U.S. is still bleeding. The federal deficit grew to $2 trillion in fiscal year 2023, double the prior year’s deficit, according to Congressional Budget…
Student loan debt is again accruing interest without much reform following a 3.5-year payment pause. Meanwhile, millions of current college students will soon join the existing indebted borrowers that have racked up around $1.8 trillion in debt to date. University spending sprees are far outpacing enrollment and inflation, fueling the student debt crisis. As colleges…
It’s a storyline people have heard before. Two conservative groups are suing the Biden administration over its latest student loan forgiveness program. The legal challenges over the White House’s prior attempt to forgive college debt went all the way to the Supreme Court, with the bench ruling against the mass debt cancellation. Critics are calling…
In an unsurprising ruling, the Supreme Court decided to repeal President Biden’s student loan forgiveness program, which was aimed at reducing federal education debt. College tuition has been steadily increasing, resulting in student loan debt that has nearly tripled in the past 15 years. As tuition continues to rise, top universities’ endowment funds are growing.…
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