News Clips

For Washington, the embrace of such demands marks a striking change, as an idea advanced by anti-corporate greed Occupy Wall Street activists a decade ago – and resoundingly rejected by the Trump administration – moves to the heart of political debate.

The Student Borrower Protection Center, a leading student loans advocacy organization, says the student loan forgiveness program not only should be overhauled, but that Biden’s Education Department should take a more proactive stance: cancel federal student loans for public servants who serve for at least 10 years—regardless if they completed the necessary requirements.

Talks of forgiving student debt continue as 45 million Americans get a student loan bill. Some programs already exist to relieve debt, but don’t have a widespread reach. Hear from Seth Frotman, executive director of the Student Borrower Protection Center.

A new report issued last week provides new evidence that the U.S. Department of Education and its loan servicers may have damaged the credit of thousands of student loan borrowers as it implemented a freeze on federal student loan payments that began last year.

Problems with student loan debt pushed Congress to create a seemingly straightforward law in the 1990s to help borrowers lower default rates by consolidating debt with their spouses. Two decades later, divorced borrowers are struggling with the unforeseen consequences.