Joe Biden’s 2020 presidential campaign website said that a president would forgive Biden “at least $ 10,000 per person in federal student loans,” eliminating all student debt for 15 million of the nearly 45 million American borrowers. Almost six months after his presidency, that promise remains unfulfilled. A blurb from the Biden 2020 campaign website….
Like millions of graduates, Valerie began her career last year in the worst global economic crisis since the global economic crisis. Although her career prospects as a medical assistant were good and her earning potential high, her future looked bleak. She and her mother, a public school teacher, owed $ 250,000 in student loans. She…
Tuition fees continue to rise, with tuition fees increasing 238% between 1980 and 2016 and far exceeding the inflation rate of 191.3% over the same period. Most students now pay between $ 6,000 and $ 15,000 annually for public and private colleges in the United States. And while state student aid has more than kept…
CPresident Joe Biden (Photo by Sean Rayford / Getty Images) Getty Images What is the best way to pay off student loans? The answer: math. Here’s what you need to know – and what it means for your student loans. Student Loans When considering the best way to pay off student loans, it seems obvious…
It’s not certain whether or not Congress will approve another round of economic controls, but students will continue to benefit from Biden’s $ 1.9 trillion … June 15, 2021 3 min reading time This story originally appeared on ValueWalk It’s not certain whether or not Congress will approve another round of economic checks, but students…
It’s hard enough paying off college loans off your wages. It doesn’t get any easier when you retire. The fastest growing portion of the US student loan stack of $ 1.7 trillion is held by the oldest borrowers. There are now about 8.7 million Americans over 50 still paying off college loans, and their debt…
Forgetting student debt to help the economy is a tough sell. And how do you decide who to loan to? Complex fairness issues have to be weighed up. College Failure: Student Loan Debts Are Exploding Bernie Sanders and Elizabeth Warren already vow to do something about student loan debt. Because of this, the $…
The problem: Approximately 750,000 Coloradans are laden with nearly $ 28 billion in student loan debt, according to the Attorney General. One solution: ask local mathematicians what is the cheapest way to pay off the debt. Yu-Jui Huang, Assistant Professor of Applied Mathematics at CU, worked with Paolo Guasoni, Director of Mathematical Sciences at Dublin…
Domoyega via Getty Images College education just got a little more expensive for students (and parents) looking to take out federal loans this fall. On July 1, 2021, the Federal Reserve raised interest rates by nearly one percentage point for the 2021-22 academic year: 2.75% to 3.73% for direct subsidized and direct unsubsidized student loans….
WASHINGTON, DC – FEBRUARY 3: United States President Joe Biden meets with Democratic Senators to celebrate his … [+] US $ 1.9 trillion US bailout plan in the Oval Office of the White House on February 3, 2021 in Washington, DC. To gain bipartisan support for his plan, Biden met with Republican senators the day before to…