New Orleans Thinking about student loan debt and the soaring costs of university education is interesting, even if it almost guarantees a migraine or a pain on the south side. The backstory runs in several channels. The huge gift at Morehouse College by billionaire Robert Smith and his offer to pay the student debt …
Tag: student loan debt
The Government Con Job on Student Loan Forgiveness
San Francisco There ought to be a law. In the case of student loan forgiveness, there is a law, it just seems that the government is not willing to follow the law, or worse, not willing to make it work. This has created a classic bait-and-switch, leaving tens of thousands of students operating in good …
DeVos and Education Department Cannot Renege on Student Loans
New Orleans Millions owe billions in student loans and in some cases it’s a just-past-the-cradle to the grave debt that just lingers on. In a good move and through a bipartisan vote under the George W. Bush Administration in 2007, Congress approved a bill that under certain conditions would allow an individual forgiveness of student …
The Defense to Repayment for Student Loans and Debt Jubilee
New Orleans The announcement by Secretary of Education Arne Duncan that student loans will be forgiven from tens of thousands of students who attended Corinthian Colleges, a for-profit company that went belly up last month teaching many invaluable but expensive lessons in finance and apparently fraud. The action is important on many levels, but it is vital to acknowledge …
Forgive Some Portion of Student Debt and Make Payments Affordable
New Orleans According to a recent report from the credit bureau, TransUnion, covered in the Wall Street Journal, student debt is now knocking on the $1 trillion mark with $900 billion now on the books. More than $300 billion of that debt is termed “subprime” student-loan debt, where the likelihood of repayment by once ambitious …