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How Many Millionaires Still Have Student Loan Debt?

When it comes to making big life decisions, one of the most important choices to consider is college and how to pay for it. Pursuing higher education can prepare you for the workforce, help you land...

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The Weekend

have very important races coming up for house members this fall. i think smart analysis is showing that the democrats are very well primed to take back the leadership of the house. the senate is a little bit more of a play there and it may be difficult. you do have the momentum. you have the opportunity. how do you see the various issues out there coalescing around what his second term for joe biden will look like, particularly given some of the dissension that still exists among many americans, particularly the democratic party, the progressive left, around gaza for example, or student loan debt? how do you paint the broader picture? that is what republicans are doing. they are painting the broad picture. they are not dealing with specifics but they are talking more broadly about how bad things are.

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First of All With Victor Blackwell

make less than her counterpart. so she's borrowing more is probably making less. and so what we see when someone is in there for these, let's say that they're ready to buy a home. it becomes a really big challenge when they're looking to get a nice car is a bigger challenge because it looks looks like they are own and have a mortgage according to their student loan debt. >> yeah. and we know from the urban institute that more than half of blank households, even where there are two incomes, the black woman is the head of household financially. so what impact her pocket impacts the entire family and community? pretty sonya, lewis. >> thank you so much for digging a little deeper with us. >> and we'll be right back riyadh say's new album is breaking records mooney's

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First of All With Victor Blackwell

are any rais nationality and it really doesn't. >> we're not talking about the hundred thousand dollars balances here. almost two-thirds of people in this survey say that even if they have less than 10,000 they're pushing back some big life decision. so the smaller dollars amounts are impacting two it is. >> and so when we look at stood alone de, it really shows up, particularly when we think about homebuying something that a lot of people should know about what they probably don't know. is that as of july 2020, the hulda ministration actually reformed their policies around student loan debt. so this is really, really exciting because if you're thinking about buying a home, it used to be before that they would calculate whatever the payment would be and they will use that a part of your debt ratio or now it's really exciting is that if you're payments show that is $100, because maybe you're on the new save plan which is a new plane given by the biden administration. that's really affordable it's

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First of All With Victor Blackwell

that the interests accruing each month. you can use that number now to buy a home. so we're actually really excited to see what happens in the next year with homebuying as those new rules have been updated, the center for economic policy and research, they released a more detailed study about four-year institution attendees hey, studied black men and women, white men and women hispanic men and women, biracial adults, other racial demographics. and of those demographics, black women, the most likely to have student loan debt at 43% and the highest average loan balance at $11,000. why? >> well, i'll tell you very interesting statistic. and we see it in our community a lot so a black woman is going to attain for her bachelor's degree or master's degree, and even her doctoral degree. but through the entire process, she's going to use a student loan. now the challenge here is she's also going to probably

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First of All With Victor Blackwell

carbon plus cnn filled tomorrow at nine closed captioning brought to you by mesobook.com if you or a loved one have mesothelial, will send you a free book to answer questions you may have call now and we'll come to you 808 to one 4,000 the biden administration is working on new ways to reduce or wipe-out student loan debt. >> last week, the administration announced it's using existing programs to cancel $7.4 billion in debt for 277,000 borrowers the administration says new proposals that could benefit certain groups could go into effect this fall if they're approved and they cannot come soon enough for borrowers who say that they're putting off major decisions. they say paying student loans does not leave enough money to think about buying a house, are retiring let's talk about that with sonya louis, aka the student loan doctor. she's an expert and she had debt and repaid it. so that was really

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All In With Chris Hayes

debt and we have childcare costs. >> fly across the country you are not representing -- >> by living those experiences i can be an advocate for families who have student loan debt, who have little kids and my fear is that if young people like la turner doesn't see this as a place that solves problems you will get the same millionaires or politics in their family coming to congress and we are not going to get new blood, new energy and new ideas. >> the question is do you think -- here is my question. if the four votes come up and voted on. and johnson survives. does that make for a better status quo after that happens? than what we have now? >> yes. >> that would be the scenario you would root forgiven the options in front of us? >> absolutely. and again he has shown he will put the votes on the floor if the majority of the congress is there. because the opposite of not

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All In With Chris Hayes

with large majorities? >> you will see a majority of the votes will come from democrats. you've never seen that in the history of our congress and probably in the history of any parliamentary system across the world that the minority party on anything of consequence would provide the majority of votes. >> today we got word that jake turner a republican in kansas is leaving. he is 36. you joined congress 31. you know what it's like to be a young member of congress. he joins a wave of house republican retirements and makes 20 republicans left or planning to leave congress without plans. that is a lot of retirements and wild to see a 36-year-old retiring. >> and mike gallagher young guy also leaving. and it's not good. >> he's like gone like leaving next week. >> i fear this hurts our ability to recruit young people i've stayed in the aggressive three kids and $75,000 in student loan

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Where Do The 2024 Presidential Candidates Stand On Student Loans?

Here's what the three main Presidential candidates - President Biden, Robert F. Kennedy Jr., and Donald Trump, have proposed for tackling the student loan debt crisis.

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Disgrace: Biden Announces Another Illegal College Loan Giveaway

This is a disgrace. Joe Biden is now illegally buying votes from another $277,000 people. He's paying off their loans with our tax dollars to the tune of $7.4 billion. This is not legal, and Donald Trump isn't the threat to democracy; Biden and the Democrats are. The money is going to the

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