Education Department Sued Over Student Loan Collection Agencies The Department of Education, currently under the Obama Administration, is being sued because they refused to disclose important information and data on student loan debt collectors. Let’s give President Obama a little bit of credit though, he has in fact tried to take several positive steps over […]
Obama’s Cuts to Education Funding A little over a month ago president Obama released his budget recommendations, which landed in Congress with a dull thud. Buried underneath the president’s proposed budget was a desperate and loud cry for help. America’s student loan programs are in a state of emergency. Default rates are at record high […]
Obama’s Budget To Limit Student Loan Forgiveness Among Obama’s provisions in his proposed budget, there is one to change the way that public student loan forgiveness programs work. Specifically, the amount that a public employee could have forgiven would now be capped at $57,500, with the remainder to be paid out over a 25 year […]
Forgiving Student Loan Debt Will Not Fix Economic Crisis You do not need to be a tenured mathematics professor to realize that college costs have skyrocketed, producing one of America’s most distressing social and economic problems. Student Loan Debt is close to reaching the $1.2 trillion mark, making it the second largest debt in the […]
Student Loan Forgiveness has a Price Struggling with Debt? Get Loan Forgiveness! Well, that sounds fantastic…SIGN ME UP! Not so fast! what if that forgiveness is not free? We have heard a lot of great things and a lot of bad things about the Income-Based Repayment program and the newest repayment plan known as PAYE […]
Issues With Student Loan Forgiveness Programs Student borrowers frequently don’t understand their repayment options, and current policies can create bad incentives. If you currently have student loans, chances are that you wish you could make them disappear. And in a way, there is: Student Loan Forgiveness. The federal government offers 3 repayment plans that lower […]
