Page 8 - Sandy Baum News Today

Student loan borrowers will face a serious squeeze this spring when a federal moratorium on their debt payments expires amid surging inflation.

President Joe Biden. Photo by Nicholas Kamm/AFP Biden is cutting some paperwork for student-loan borrowers applying for an income-driven plan next

U.S. President Joe Biden. Anna Moneymaker/Getty Images Student-loan payments are resuming in 53 days. Advocates say new inflation data showing a

“Our wealthiest colleges and universities have amassed billions of dollars, virtually tax-free, all while indoctrinating our youth with un-American ideas,” Cotton said in a statement, adding that the revenue would “create high paying, working-class jobs.” Cotton estimates the bill would generate $2 billion per year in revenue for registered apprenticeship programs. And while funding for apprenticeships is necessary, said Sandy Baum, a nonresident senior fellow at the Urban Institute’...

May 19, 2021 In most economic downturns in the US , enrollment in community college goes up. But the reverse has happened during the pandemic. Spring enrollment in two-year associate degree and in shorter certificate programs dropped year-over-year 10.9% and 7.4%, respectively, according to data from the National Student Clearinghouse Research Center. Meanwhile, enrollment in bachelor’s degree programs, which are typically four years, dropped 2%. Even as the pandemic abates, community ...

Bidens Plan for Free Community College Faces Resistance © Evan Vucci/Associated Press President Biden’s plan to offer Americans the opportunity to attend community college for free is running up against political obstacles over who should pay for it and skepticism on whether it would broaden access to higher education. His proposal—unveiled in April as part of his $1.8 trillion American Families Plan—would waive tuition for two years of public community college. It would also provide ma...

Email Many experts and policymakers argue that surging student debt is harming younger generations of students by preventing them from reaching their financial goals while exacerbating racial inequality. While older generations were generally able to pay their way through school, or find jobs that enabled them to pay off their debts, that no longer holds true for recent cohorts, they argue. The combination of soaring tuition costs and the recessions caused by the 2008 financial crisis and the C...

/ Andres Mendoza, 25, logs into the portal for his accounting class to see how much homework he has April 27, 2021. Mendoza is a junior at the University of Texas at San Antonio. He works full time and attends college part time. On Tuesdays and Thursdays, Andres Mendoza leaves work an hour early so he can get home in time for his online classes. When he gets home, he lets his wiener dog Draco outside, then logs onto Blackboard to get his latest assignments. “Its only technically nine questio...

Meet Richard Cordray, the man now at the center of the debate over student debt By Anemona Hartocollis and Stacy Cowley New York Times,Updated May 3, 2021, 11:08 p.m. Email to a Friend Richard Cordray, then a candidate for governor, campaigned in Parma Heights, Ohio, on Nov. 3, 2018.MADDIE MCGARVEY/NYT Richard Cordray, a close ally of Sen. Elizabeth Warren, D-Mass., who served as the first director of the federal Consumer Financial Protection Bureau during the Obama years, has been selected as ...

What Richard Cordray, Bidens Student Loan Czar, Has Said About Canceling Debt On 5/4/21 at 10:38 AM EDT U.S. Department of Education Secretary Miguel Cardona appointed Richard Cordray, a progressive ally and longtime opponent of "debilitating" student loan debt, as the agencys chief operating officer of federal student aid on Tuesday. Cordray, former head of the Consumer Financial Protection Bureau (CFPB), will oversee the federal governments $1.6 trillion portfolio of student loans and financi...