While student loan forgiveness has been a focus throughout Joe Biden’s presidency, little is known about the borrowers lucky enough to actually receive relief. To fill the information vacuum, the Consumer Financial Protection Bureau (CFPB) on Wednesday released a first-of-its-kind study of borrowers whose student loans were partially or fully forgiven. “Student loan debt relief … Read more
President-elect Donald Trump has repeatedly said he plans to shut down the U.S. Department of Education once he takes office. The department provides approximately 10% of K-12 funding and enforces federal civil rights in schools. However, it plays a much larger role in the financing of higher education. By managing approximately $1.5 trillion in student … Read more
Student loan borrowers hungry for more government help could see very different policies next year depending on who lives in the White House. With nearly one in five U.S. adults carrying student debt, student loan policy tends to lag behind other economic issues in the eyes of voters. Still, about 4 in 10 adults say … Read more