Tag: Student Debt: Page 2

Students

Black Billionaire Starts Program to Ease Student Debt at 11 HBCUs

Robert F. Smith, whom Forbes calls the wealthiest Black person in the U.S., is set to launch an initiative to ease the debt of students at historically Black colleges and universities (HBCUs), reported Time. The Student Freedom Initiative aims to address the disproportionate loan burden on Black students. The program’s partners include Michael Lomax, CEO […]

June 23, 2020

Students

Trump Vetoes Move to Ease Loan Forgiveness for Defrauded Students

President Donald Trump late on Friday vetoed a resolution that would have made it easier for students defrauded by for-profit schools to get their student loans erased.

May 31, 2020

Students

Report Gauges Support for Student Loan Forgiveness Across Political Lines

The combination of a coronavirus-halted economy, an upcoming election and an ever-mounting student debt crisis has thrust the topic of student loan forgiveness to the forefront of the national conversation in recent weeks. But just who — and who doesn’t —  support student loan forgiveness? The answer may not be as bipartisan as previously assumed, suggests a study published by College Finance.

April 2, 2020

Students

Higher Ed Groups: $14 Billion for Colleges, Universities in Stimulus Package Insufficient

Higher education groups aren’t happy with the $14 billion earmarked for colleges and universities in the $2.2 trillion coronavirus stimulus package passed by the Senate late on Wednesday, saying institutions are facing severe cash flow problems and have been hit hard financially due to closures necessitated by the pandemic.

March 26, 2020

Students

Senate Democrats Propose Cancelling $10,000 in Debt for All Federal Student Borrowers Amid Coronavirus Crisis

Senate Democrats on Thursday called for “a minimum” of $10,000 in student loan relief for all federal student loan borrowers due to the widespread uncertainty caused by the spread of the coronavirus.

March 19, 2020

Students

Education Department Upgrades Website to Better Explain Student Loan Information

The U.S. Education Department has upgraded its student aid website, studentaid.gov, with several new features. According to a press release, the site now offers an “Aid Summary” which provides students with detailed information regarding grants and loans they have received; a “Loan Simulator” which suggests and compares personalized loan repayment plans; and a “Make a […]

February 25, 2020

Students

Warren Aims to End Student Debt, If Elected

If elected president, Senator Elizabeth Warren plans to forgive existing student loan debt on her first day in office. According to her plan, Warren will authorize the Secretary of Education to cancel up to $50,000 in debt for 95% of student loan borrowers which would impact around 42 million people, USA Today reported. Last year, […]

January 15, 2020

Students

Survey Reveals How Far Americans Would Go To Erase Their Student Debt

With the levels of student debt on the rise, LendEDU recently conducted a survey to see just how far Americans would go to erase their debt. As of now, the average student loan borrower carries a hefty $28,565 in debt on their shoulders, and, for many, it won’t be paid off within a decade. Keeping […]

January 14, 2020

Students

Education Trust Addresses Black Student Debt Crisis at D.C. Briefing

There is a debt crisis among African-American students on college and university campuses. According to the college access nonprofit organization The Education Trust, Black borrowers have a 50-50 chance of defaulting on a federal loan within 12 years of entering college. Black borrowers are also over 150 percent more likely to default on a federal loan than their White peers.

September 26, 2019

Students

Lawmakers Introduce Legislation Cancelling Student Loan Debt

Up to $50,000 in student loan debt will be cancelled for 42 million Americans under a bill introduced Tuesday in the House of Representatives by South Carolina Democrat James E. Clyburn, the majority whip, and in the Senate by presidential candidate Elizabeth Warren of Massachusetts. That provision alone in the Student Loan Debt Relief Act […]

July 23, 2019

Students

The Wind is at My Back

As a Morehouse College alumnus, I have been intrigued by the varied reactions to Robert Smith’s multi-million-dollar pledge to wipe clean the student loan debt of the College’s class of ’19. Some people are speechless and heartened by this act. Others have a lot to say about what more could and should be done to address the cost of higher education in generaI. Both reactions are certainly worthy of attention.

May 22, 2019

Students

WUSTL School of Medicine Pledges $100M in Scholarship Funding

Washington University School of Medicine in St. Louis has pledged to provide $100 million in scholarship funding to cover the tuition for as many as half of its future medical students and partial tuition support for several others. The program will begin with the incoming 2019-20 class. In addition, the funding will support current efforts […]

April 17, 2019