How cancelling student debt could help close the racial wealth gap
FIVE THIRTY EIGHT — America’s racial wealth gap is well-documented, even if many continue to underestimate its existence. Black Americans’ net worth is, on average, less than 15 percent of white Americans’, the legacy of centuries of systemic anti-Black racism. Moreover, both political parties have failed time and again to address the inequities facing Black…
Read More about How cancelling student debt could help close the racial wealth gapFederal student loan debt cancellation details expected in late summer
INSIDE HIGHER ED — A final decision on whether the Biden administration will forgive some student loan debt will likely not come until July or August, administration officials told The Wall Street Journal.
Read More about Federal student loan debt cancellation details expected in late summerMore companies are offering assistance in paying off student loans
THE WASHINGTON POST — In a tight labor market, where competition for workers is fierce, companies are making a play to attract and retain employees by offering to pay their student loans.
Read More about More companies are offering assistance in paying off student loansBlack parents are disproportionately burdened by parent PLUS loans
INSIDE HIGHER ED — Black parents are disproportionately burdened by Parent PLUS borrowing, a new study finds, leading to deeper racial inequities in student loan borrowing and higher education at large.
Read More about Black parents are disproportionately burdened by parent PLUS loansStudent financial aid experts discuss student loan forgiveness and reform
INSIDE HIGHER ED — As President Biden moves closer to canceling at least some student debt in the near future, many higher education advocates and members of Congress are concerned that cancellation without broader reforms to the federal loan system at large will merely provide a temporary solution to a much larger issue.
Read More about Student financial aid experts discuss student loan forgiveness and reformLawyers react to federal student loan debt forgiveness proposals
REUTERS — A potential move by the Biden administration to cancel $10,000 in federal student loan debt would not do much to alleviate the heavy debt burden many lawyers face, law graduates and policy experts said.
Read More about Lawyers react to federal student loan debt forgiveness proposalsFederal Reserve Bank Study: How young Americans view the value of a college degree
INSIDE HIGHER ED — Younger Americans and those with student debt are far less likely than their peers to believe the benefits of getting a higher education outweigh the costs.
Read More about Federal Reserve Bank Study: How young Americans view the value of a college degreeSurvey: Student loan debt relief has public support
INSIDE HIGHER ED — The political debate over whether President Biden should move to cancel some or all of the $1.7 trillion in student loan debt currently owed to the federal government is largely focused on perceptions of the role the government should take in making higher education affordable and accessible.
Read More about Survey: Student loan debt relief has public supportNational Association of Student Financial Aid Administrators develops recommendations to improve federal student loan system
HIGHER ED DIVE — The National Association of Student Financial Aid Administrators, along with a cadre of 21 higher education organizations, developed recommendations to improve the federal loan system. More than two-dozen resulting suggestions range from how to streamline loan plans to how to better oversee servicers.
Read More about National Association of Student Financial Aid Administrators develops recommendations to improve federal student loan systemHow widespread student loan forgiveness could affect student loan relief programs
FORBES — President Joe Biden is potentially weeks away from announcing historic student loan forgiveness for millions of student loan borrowers. While there is no guarantee that Biden will proceed with wide-scale student loan forgiveness, Biden could decide to cancel up to $10,000 or more of student loans for millions of student loan borrowers. What…
Read More about How widespread student loan forgiveness could affect student loan relief programs