In the News

Across the state and the nation, private student loans are exacerbating the racial wealth gap, trapping people of color in inescapable cycles of debt. In fact, Black borrowers struggle to pay back private loans at four times the rate of white borrowers. Tackling private student loan debt is an urgent...

Quinn is among the 42.9 million Americans who had federal student loans as of last year, according to the National Student Loan Data System. Meanwhile, Federal Reserve Board statistics show outstanding student loans overall have swelled to $1.7 trillion, surpassing the nation's auto loans and credit card debt. Seth Frotman,...

In Philadelphia, 25% of adults have student debt and for Black households, the number is even higher. This hour, we look at the student debt crisis, how it contributes to the racial wealth gap, and discuss policy solutions.

So a financing approach known as an income-share agreement, which promises to eliminate unaffordable student debt by tying repayment to income, has obvious appeal. But a new study has found that income share agreements can also mask race-based inequalities.

These direct school-to-student loans have ensnared hundreds of thousands of students at for-profit colleges. When students borrow directly from a college, they aren’t protected by the same government safeguards they would have if they took out federal loans. The colleges can demand payments while students are still in school. They...

Student loan debt relief scams aren’t new. In fact, consumer advocates say they were actually declining thanks to a 2017 operation launched by the Federal Trade Commission, which brought actions on 36 companies that had collected over $95 million in illegal fees. So, why are they rising again? Bonnie Latreille,...

Nationwide, 6.6 million students can’t obtain their transcripts from public and private colleges and universities for having unpaid bills as low as $25 or less, the higher education consulting firm Ithaka S+R estimates. The policy prevents students from being able to take their credits with them if they transfer, and...

Six million federal student loan borrowers can’t benefit from the current payment pause — one that could give most people with debt 19 months of relief if it isn’t extended past Oct. 1. These unlucky borrowers have commercially held Federal Family Education Loan Program debt or Perkins loans held by...

A decade after the law was passed, she has held up her end of the deal yet remains saddled with debt she should not have to repay. While she is thrilled that students are returning to her classroom this month, her $500-a-month student loan bill that should have stopped coming...

A new report shows that in the history of income-driven repayment plans, only 32 people have ever received student loan cancellation. That’s not a typo. Literally 32 people. According to the latest student loan debt statistics.