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Outgoing Secretary of Education Betsy DeVos urged against student loan forgiveness in letter to Congress

Biden proposed making undergraduate education free in some cases and giving student borrowers $10,000 in forgiveness as part of coronavirus relief. U.S. Education Secretary Betsy Devos speaks at White Hou.....»»

Category: topSource: businessinsiderJan 6th, 2021

Bernie Sanders" and Elizabeth Warren"s plans to cancel student debt won"t solve the real problem with college loans

Paul Sancya/AP Images Bernie Sanders and Elizabeth Warren want to cancel $1.6 trillion in student-loan debt. But neither o.....»»

Category: topSource: businessinsiderFeb 1st, 2020

House Democrats overturn DeVos on student loan forgiveness, but change unlikely to pass Senate

The Democrat-controlled House overturned rules from Betsy DeVos on student loan forgiveness. Republicans in the Senate.....»»

Category: topSource: usatodayJan 16th, 2020

Student-loan borrowers demand justice from Betsy DeVos — ‘I don’t feel like I should pay for an education I never received’

‘I was told that an education would bring me a brighter future, instead it has ruined me.’.....»»

Category: topSource: marketwatchJul 23rd, 2019

Scammed student-loan borrowers accuse Betsy DeVos of illegally stalling on debt-cancellation claims

The lawsuit is the latest development in a yearslong battle over the fate of borrowers who say they were scammed by their schools.....»»

Category: topSource: marketwatchJun 25th, 2019

New rules proposed by Betsy DeVos could put students at risk of attending low-quality schools, advocates say

The watchdogs that certify colleges to participate in federal student loan programs could have less bite......»»

Category: topSource: marketwatchJun 12th, 2019

Betsy DeVos proposes rules that would cut student loan relief by an estimated $13 billion

Students who are defrauded by their schools wou.....»»

Category: topSource: latimesJul 25th, 2018

An eccentric tech investor and self-help guru has a wild, controversial idea to solve one of America"s biggest problems that he thinks could turn you into a billionaire

Larry Downing/Reuters Americans owe $1.5 trillion in student loan debt, and the problem isn't going away as tuition rates climb and the demand for college degrees remains high. James Altucher, a tech investor and.....»»

Category: topSource: businessinsiderJul 26th, 2018

Betsy DeVos proposes stricter rules for student loan forgiveness

The proposal would cut an estimated $13 billion in planned debt relief over 10 years......»»

Category: topSource: moneycentralJul 26th, 2018

How the Great Recession turned America’s student-loan problem into a $1.5 trillion crisis

The financial crash, which began 10 years ago this month with the collapse of Lehman Brothers, created a perfect storm......»»

Category: topSource: marketwatchSep 7th, 2018

Betsy DeVos loses student loan lawsuit brought by 19 states

Education Secretary Betsy DeVos lost a laws.....»»

Category: topSource: latimesSep 13th, 2018

Betsy DeVos wants another chance to delay rule meant to protect defrauded student-loan borrowers

The Trump administration on Friday asked th.....»»

Category: topSource: latimesSep 14th, 2018

Betsy DeVos sued to get rolling on student loan forgiveness

The Department of Education says it’s ‘moving quickly’ to find borrowers eligible for the debt relief......»»

Category: topSource: marketwatchNov 16th, 2018

Personal Finance Daily: Richard Cordray to oversee America’s $1.5 trillion student loan portfolio and these relocation programs offer unique incentives to inspire your big move

Monday's top personal finance stories.....»»

Category: topSource: marketwatchMay 3rd, 2021

: Richard Cordray to oversee America’s $1.5 trillion student loan portfolio

The former head of the CFPB under Obama will take charge of the office that oversees many high-stakes aspects of paying for college in the U.S......»»

Category: topSource: marketwatchMay 3rd, 2021

: DeVos appointee who oversaw America’s student-loan portfolio resigns as Biden education secretary pledges to ease student-debt burden

Mark Brown's resignation came after calls for new leadership from Senator Elizabeth Warren and borrower advocates......»»

Category: topSource: marketwatchMar 6th, 2021

Alexandria Ocasio-Cortez decries the student loan debt, low incomes, and climate change facing "entire generations" as birth rates continue to fall

While new data shows a 7% drop in births in December - nine months after the pandemic began - experts say the 2020 fall is part of a larger dow.....»»

Category: topSource: businessinsiderMar 4th, 2021

A quarter of Americans support forgiving all federal student-loan debt

President Joe Biden has thrown his support behind $10,000 in student loan forgiveness. But a quarter of Americans want it all forgiven. Student-loan debt reached a national high of $1.5 trillion in 2019. Boston Globe/Getty Images Demo.....»»

Category: personnelSource: nytFeb 24th, 2021

: Elizabeth Warren calls for new leadership to oversee student loans — and calls Betsy DeVos era a ‘disaster’

'Students deserve leadership at this office who will follow the law and make this program work for students,' Senator Elizabeth Warren told MarketWatch......»»

Category: topSource: marketwatchJan 28th, 2021

How Biden Wants to Trim a Mountain of Student Debt

Among the economic issues facing the new Biden administration is how to help alleviate the weight of $1.7 trillion in student debt, a figure that had ballooned from $1 trillion in 2012. All but about $100 billion of that money is owed to the fe.....»»

Category: topSource: washpostJan 26th, 2021