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Anna Helhoski Of Nerdwallet FILE - In this May 17, 2018, file photo, new graduates line up before the start of the Bergen Community College commencement at MetLife Stadium in East Rutherford, N.J. There’s no single policy or action that will alleviate America’s $1.74 trillion student loan debt crisis while simultaneously preventing students from taking on unaffordable amounts of future debt. Higher education financing experts are divided on the exact combination of solutions, but all agree it will require a multipronged approach. (AP Photo/Seth Wenig, File) ...

"People need to rethink what they know about student loans," said Collinge. "This is not a partisan problem, this is not a young person’s problem either. You know there are more people over the age of 50 with student loans than under the age of 25 and they owe three-times more than that younger group." More than forgiveness, Collinge wants to reform the entire student lending system, restore bankruptcy protections for loans and slow the rising cost of college. "So we are now calling on President Biden to cancel all federally owned student loans which he can do by executive order," Collinge ...

( The College Fix) – The Biden administration has chosen a close ally of U.S. Sen. Elizabeth Warren, D-Mass., to oversee the nation’s expansive federal student loan program. Last Monday, Rich Cordray, director of the Consumer Financial Protection Bureau during the Obama administration, was announced as the new head of the Education Department’s Office of Federal Student Aid, which oversees over $1.7 trillion in loans to U.S. students. In a statement following his appointment, Cordray said he sought to “create more pathways for students to graduate and get ahead, not be bur...

National enrollment at community colleges has declined by about 10 percent during the pandemic, far outstripping the drop in overall college enrollment. Some community colleges in poorer communities have lost as much as 20 percent of their student body. Jill Biden, the first lady, is a community college professor and has long been a proponent of increased funding for community colleges and has been promoting the idea in visits around the country. While generally consistent with Mr. Biden’s campaign blueprint, the proposal omits any reference to erasing college debt, a move promoted by a num...

He even looks up coupons online ahead of time. “It’s strange because even when I’m going to the grocery store, I have in my mind that I need to save as much money as I can,” he says. From a young age, Gyory loved building things and wanted to be an engineer. Now, as he pursues his research, the federal and private loans he used to finance his time at the University of Pittsburgh and now CMU have become ingrained in his life. To stay on top of them, he created an extensive spreadsheet to review and update his payments. So while he’s trying to pursue his dream, the debt feels like som...