“Their economic models show that canceling student debt would lead to a boost in GDP by an average of $86 billion to $108 billion annually over the next 10 years.”
Researchers say that forgiving the $1.4 trillion of outstanding student debt could stimulate the economy while only moderately increasing the federal deficit.
Trump’s budget emboldens the government to go after students who don’t pay their loans, limits repayment choices and more.
Absolutely SHAMEFUL. People who’ve fallen on hard times and who’ve defaulted on their student loans are being punished by having their livelihoods stripped from them in a Kafkaesque nightmare.
Twenty states suspend people’s professional or driver’s licenses if they fall behind on loan payments, according to records obtained by The New York Times.
Interesting altruistic market approach that crowd sources and gamifies paying down student loan debt. Apparently there is no obligation to play the game to be eligible to have one’s loans funded via the app. If only there were more businesses this concerned with helping others.
While we still support a public policy approach to fix student debt causes not symptoms, we gladly accept any market approaches with a focus on helping others.
“After factoring in charges from Braintree and Paypal, 75% of the earnings go to pay off the winner at the top of the queue, 15% to daily cash prizes and 10% to Givling.”
This fast-growing startup knows it can’t solve the student debt crisis, but it’s helping stamp out student loan debts one by one.
The student debt burdens many Millennials face will lead to wide sweeping repercussions for the future of our country. The inability to save money, plan for retirement, start a family, invest in property or to chase entrepreneurial pursuits will have disastrous outcomes on not only the individual, but the economy and society at large. It wont happen overnight, but over the course of decades. If one’s wealth is defined as all of your assets minus your debt, then we are facing a generation of whom many will have negative wealth. In a not too distant past, many states and the country in general invested public money in education because education was and is a social good. We can do this again. We believe in a merit-based tuition free public college education for all. Take pride in education and be wary of anyone who downplays its significance.
You mean people with horrible job prospects in a shitty economy who are stacked with debt can’t afford a home?! Who would have thought!
The Fed has a hot take on housing and student loans. Except this one is based on empirical research.
Yale, one of the country’s leading liberal institutions, won’t negotiate with grad students who formed a union. Just another piece of evidence that the liberal elites are just republicans who support social issues.
NEW HAVEN >> The eight fasting graduate school teachers and members of Local 33 Unite Here
If you had been this Student, how would you have handled this attack interview?.
Million Student March national organizer Keely Mullen on protesting for free college and debt forgiveness. Watch Neil Cavuto talk about College Planning and …
According to DeVos students don’t need protection, the people collecting the debt do.
Trump’s education secretary wants to limit costs at a time when more than 1 million Americans are annually defaulting.