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New reforms estimated to erase student debt for 40,000

The Department of Education announced changes to federal student loan programs, revisions that it says will cancel the debt of 40,000 borrowers and help another 3.6 million get closer to the payment finish line. ... Read more»

Momentum builds behind a way to lower the cost of college: A degree in 3 years

Several conventional colleges and universities are offering bachelor’s degrees in three years instead of the customary four as students and families increasingly chafe at the more than four years - and the cost - it now takes most of those earning degrees.... Read more»

Pause on federal student loan repayments extended by Biden through Aug. 31

The Biden administration Wednesday announced its plans to extend the deadline for student borrowers to pause on federal loan repayments, interest and collections until Aug. 31, and also provides a “fresh start” on loan repayments by removing any prior defaults.... Read more»

Long disparaged, education for the skilled trades is slowly coming into fashion

Education for the skilled trades appears to be returning to fashion, as Americans see firsthand the labor shortages and rising pay in fields such as construction, transportation and logistics - along with the lower debt and the shorter timetables needed to train for them.... Read more»

Analysis

College loans to parents linked to greater harm than those to students borrowing for own tuition

Taking out a student loan is associated with a lower financial well-being score for everyone, but research found that it is associated with an even lower score when the loan is for the borrower’s child.... Read more»

Biden administration resists Democrats’ pleas on student debt relief as deadline nears

Congressional Democrats are urging the White House to extend the freeze on student loan repayments, and for the president to cancel up to $50,000 of student debt — but so far the administration is not budging. ... Read more»

‘You can’t staff for that’: Chaos looming for millions restarting their student loan payments

On February 1, 2022, barring one last extension, nearly 43 million people with federal student loans will have to start making payments on them again, and as the deadline looms, advocates are raising alarms that the loan system is not ready for the pressure.... Read more»

'It’s a shell game': How under-the-radar companies help for-profit colleges stay in business

Tuition financing companies have positioned themselves as crucial cogs in the for-profit education industry - playing a critical role in powering the sector financially - but advocates warn that they can be exploitative and nothing more than an instrument that leads to additional debt.... Read more»

Arizona a key state in $32 million investment to turn out young voters

Young voters in Arizona will be the target of a $32 million campaign seeking to mobilize those ages 18 to 35 ahead of the 2022 election cycle as part of a program funded by NextGen America, a left-leaning advocacy group founded by billionaire hedge fund manager Tom Steyer. ... Read more»

Forgone forgiveness: New try at student loan repayment shows few gains

A congressional attempt to salvage a foundering student loan forgiveness program was only marginally better, with just 4% of Arizona applications approved in the second round – and that was four times better than the national rate.... Read more»

Opinion

9 ideas for Congress to address the 99%

There are nine simple steps that policymakers can take immediately to reduce inequality, get our upside-down economy back on its feet, and begin restoring the promise of the American Dream.... Read more»2