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MSNBC Ana Cabrera Reports June 4, 2024 14:41:00

Significantly reduced debt for 43 million people and wiped it away for about 20 million americans, and that is no longer. >> ken, how big of a blow is this to president biden, given this was a campaign promise he was trying to enact through this program? >> yeah, its a big blow politically and legally for the biden administration, as you mentioned. this was an important campaign promise that he made that helped to motivate a lot of young people who are really feeling the burden of student loan d...
Campaign Promise Tens Of Millions Americans 43 Million 20 Million Pell Grant Program Student Loan Debt

MSNBC Ana Cabrera Reports June 4, 2024 14:45:00

Chicago. youve been talking to those impacted, those waiting for this decision. what have you been hearing? >>. >> reporter: ive been covering this for a couple of years at this point, going back to before biden announced this program and the calls for many people in the progressive base for biden to act and take this executive action. one person who ive been in contact with for a long time just texted me saying, oh, what a horrible day. and thats the feeling youre getting from people who were c...
Pell Grant Program Executive Action Tens Of Millions Americans Polling Shows

MSNBC Ana Cabrera Reports June 4, 2024 14:59:00

Then we have to work to make college more affordable. i would love to see the federal government double the pell grant program. in 1980 the pell grant program covered about 80% of the cost of college. no, it covers less than one third. we have transfer that cost from the federal government to students and their families in the form of debt. that is a policy mistake that needs to be corrected. >> lets listen to miguel cardona. >> from day one we have been making sure that our students are at the ...
Pell Grant Program Policy Mistake Miguel Cardona Debt Relief Day One 65 Billion

MSNBC Ana Cabrera Reports June 4, 2024 14:52:00

Been underrepresented or formally excluded from higher education. that is important. we should also go back and correct some of the things that the individuals were saying. yes it is true that this perhaps unprecedented for student loans to be forgiven but it is not unprecedented for the government to forgive of their kinds of loans. student loans are not dischargeable in bankruptcy but loans for small businesses can be. the government extended quite generation loans to a number of people throug...
Higher Education Student Loans Pell Grant Program Social Mobility

As COVID emergency ends., workers hit with bigger student loan debt

In March 2020, the federal government froze payments on all federal student loans. In August 2022, the Biden Administration forgave a portion of federal student debt. Borrowers who qualified each got $10,000 of their debt forgiven, while Federal Pell Grant Program recipients got $20,000 of their debt written off. Although…
United States White House District Of Columbia Paul Morigi Getty Cody Hounanian Dorian Rogers

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The College Affordability Act Is Unaffordable

The House Education and Labor Committee recently released its proposal to reauthorize the Higher Education Act of 1965โ€”the College Affordability Act.REF Much like the Affordable Care Act, the House Democratsโ€™ proposal is anything but affordable.
United States Public Service Loan Forgiveness Cato Institute Neal Mccluskey Partnership To Help Institute Free Community College Trump Administration College Affordability

Former Financial Aid Director of Texas College Indicted for Student Financial Aid Fraud

TYLER, Texas โ€“ A Shreveport, Louisiana mother and son are among those indicted on federal charges in the Eastern District of Texas, announced U.S. Attorney Brit Featherston today. Angela Speech, 43; her son, Jeremy Marshall, 24; Devonaire Jones, 35; and Camyl Lewis, 24, were indicted by a federal g
United States Texas College Lucas Machicek Robert Austin Devonaire Jones Williamd Ford

Refocusing Higher Education Aid on Those Who Need It

During the current Higher Education Act (HEA) reauthorization,Congress should restore the HEA's original intent by awardingtaxpayer subsidies and grants to those students who cannototherwise afford higher education. The HEA should be reformed byending outdated and duplicative programs, eliminating subsidies tomiddle-class and wealthy families, and creating a public databaseto encourage smart consumer decision making.
United States New York Jamiep Merisotis Chester Finn Georgew Bush Alisaf Cunningham

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