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Biden's 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 many students more cash to cover living expenses that often deter students from lower-income families...

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 COVID-19 pandemic have particularly affected the millennial and subsequent generations. In a 2020 pol...

/ 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. “It's only technically nine questions, but it's really probably about 40 questions,” Mendoza said, looking over his accounting assig...

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 the new head of federal student aid in the Biden administration, a post that will put him at the cen...

What Richard Cordray, Biden's 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 agency's chief operating officer of federal student aid on Tuesday. Cordray, former head of the Consumer Financial Protection Bureau (CFPB), will oversee the federal government's $1.6 trillion portfolio of student loans and financial aid programs. Cordray most likely will handle the daunting and impending task of restarting st...