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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 awareness of it his life s work. but it turns out, trying to change an entire financial system can be a lonely fight. ....
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. - down to $1.5 trillion and counting. - crushing student debt. - was there a story here? to find out, i did what any good journalist would. i googled it in the middle of the night. every opinion column, every quote in a news story, all came down to the same one expert, alan collinge one of the nation s foremost experts on student debt. this guy was everywhere. except an easy-to-visit location. [li ....
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 ....
More than 40 million Americans will have to making payments starting in October after a COVID-19 pandemic-era freeze on loan repayments comes to an end. ....
Federal student loan repayments will finally resume for 43 million borrowers at the end of August after a 3-year pause. Many are expected to struggle to make payments on top of high inflation, however. ....