The student debt crisis ballooned to over $1.7 trillion in recent years. This debt has varying effects on students, workers and the larger economy. Since taking office, President Biden has been largely silent about a plan to broadly cancel student debt, even though he campaigned on canceling up to $10,000 in student debt for all borrowers. However, his administration has absolved some student debt for certain groups, like borrowers with disabilities and active duty service members.
— Read on www.cnbc.com/video/2021/11/05/how-the-student-debt-crisis-ballooned-to-1point7-trillion.html
Tag: Student Debt
How student debt became a $1.6 trillion crisis
CNBC Make It spoke with students, borrowers, economists and experts to learn how student debt became a ‘crisis,’ how the pandemic will impact borrowers and who is to blame.
— Read on www.cnbc.com/2020/06/12/how-student-debt-became-a-1point6-trillion-crisis.html
Trump gives people with student loans a break amid coronavirus
Trump said people with federal student debt won’t have to pay interest amid the coronavirus. That means borrowers could put their payments on pause without any penalty.
— Read on www.cnbc.com/2020/03/13/mnuchin-may-suspend-student-loan-repayments-amid-coronavirus-outbreak.html
Mapped: How Much Student Debt Does Each State Hold?
Crippling student debt in the U.S. has reached a record high of $1.5 trillion nationwide. Today’s map breaks down which states bear the highest burden.
— Read on www.visualcapitalist.com/how-much-student-debt-does-each-state-hold/
Jamie Dimon weighs in on student loan debt
JP Morgan’s Jamie Dimon says student lending “is a disgrace and it’s hurting America.”
— Read on www.cnbc.com/2019/06/26/jamie-dimon-weighs-in-on-student-loan-debt.html
Treasury Department says student-debt crisis is so bad that financial education should be mandatory for college students – MarketWatch
The recommendation comes as student-loan borrowers cope with $1.5 trillion in debt.
— Read on www.marketwatch.com/story/treasury-dept-says-student-debt-crisis-is-so-bad-that-financial-education-should-be-mandatory-for-college-students-2019-06-17
Business School Rankings 2018: MBA Students Debt Loads
Business School Rankings 2018: MBA Students Debt Loads
— Read on www.bloomberg.com/business-schools/2018/