Rising inflation adds pain to student loan debt
Student loan borrowers will face a serious squeeze this spring when a federal moratorium on their debt payments expires amid surging inflation.
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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’s Center on Education Data and Policy, taxing endowments of private institutions to generate revenue...
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 colleges still continue to report declines. Will Biden’s bill efforts reverse the decline? Under t...