Page 72 - Education Data News Today

Commenters defended the mothers decision not to drain her toddlers college fund to put her stepson through school.

The White House says any impact on inflation from canceling student debt would be small. But the risks loom large as Joe Biden weighs a decision.

The White House says any impact on inflation from canceling student debt would be small. But the risks loom large as Joe Biden weighs a decision.

The new bill expands the scope of exceptions and simplifies language that was used in its Senate counterpart, which Sen. Mitt Romney introduced last month.

The biggest question for the Biden administration now may be whether it can create a widespread process for student-loan cancellation in time for the fall elections.

From Bloomberg Opinion: How much does it take to feel flush in the U.S. these days? Not even $250,000 a year will get you there, according to a recent survey by Pymnts.com and LendingClub Corp., which found that 36% of those earning at least that amount say they're living paycheck to paycheck. It's even more disconcerting when you realize that most in that category haven't had to make student loan payments for more than two years.

The average Louisiana student loan borrowers debt is $34,500, according to the Education Data Initiative.

The Education Department said it canceled nearly $6 billion in student loans for 560,000 borrowers who attended a now-closed college, marking "the largest single loan discharge" in the department's history.

"You can let her know that, when the kids come up short, you can show them why," one commenter wrote.

President Biden is considering forgiving $10,000 in student loans per borrower, but eliminating interest on the debt could be a more effective way to reduce the financial burden, according to experts.