Page 4 - Alan Collinge News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's galactically failed by all rational metrics and measures. we now owe close to $2 trillion in federal student loan debt. and you know, it seems like nobody's really even paying any attention to it, so... - whoa. there was definitely a story here. but was alan right about its magnitude and that no one was doing anything about it? - we're just gonna have to clear this whole area out, both tires. - it all seemed so outrageous. - glad you showed up, man. - sure. and honestly, so did alan. meet jerome. he's the chair of the federal reserve, which is a fancy way of saying his job is to make sure...

This is your family? - this is my family. yep. - were they aware of the work you were doing? your parents? - yeah. i like to think my parents instilled in me the spirit of the happy warrior. it helps me keep my chin up during some of the low times during this battle. - what would you say to this kid as you look at this younger version of yourself? - oh, that's actually my brother, believe it or not. - oh, okay. that's you? - uh, that's also my brother. - alan's devotion to this issue meant giving up a lot. - when i first started this, i had a good job in the defense industry. i had health care...

♪ alan? - hey, man, watch your step. - yes. what is this, an ice storm? - pretty much. welcome to wisconsin. north woods. - thank you very much. - i hope you like cats. - uh... - they're friendly. - oh, yeah, i can smell them. - you know, i sprayed lysol, but i don't think it worked. - so you've basically devoted your life to this problem. - i'm very sorry to say that appears to be how it turned out. it's become a 17-year ordeal, a journey. - after accruing hundreds of thousands in student debt, alan became obsessed with the issue. and before it was on the media's radar, he made raising awar...

The news coverage was not encouraging. - student loan debt in this country is now bigger than credit card debt. - and what does it do? it not only hurts these students. that's our number one concern. it kills the whole economy. - they're delaying having kids. they're delaying getting married. they're delaying buying houses. - i think it's a crisis right now for families and student borrowers. - it wasn't just the borrowers. economists and pundits across the political spectrum were warning this could have drastic effects on our economy. - for that is the student loan bubble. - yeah, even him. -...

On Friday morning, the Supreme Court ruled 6-3 to overturn the Biden administration's student loan debt forgiveness program, with the majority explaining that the HEROES Act did not give President Biden the authority to cancel student debt for millions of Americans. The decision will have serious ec