The Education Department on Thursday announced that it will be canceling $150 million in student loans, upholding an Obama-era policy that Secretary Betsy DeVos has long fought to overhaul. DeVos had previously proposed to restrict “borrower defense” claims brought by students who had been enrolled in schools that were either closed or made false promises, […]
The College Admissions Scandal Is a Perfect Example of How Deeply Corrupt America Has Become…
DeVos to Cancel $150M in Student Loan Debt After Court Loss…
How Barack Obama & His Globalist Pals Used Millennials to Hasten the Decline of America…
It’s a debt bomb of epic proportions—nearly 1.5 trillion dollars and climbing fast which has enslaved an entire generation of Americans. Add credit card and auto loan debt and the total amount of that debt is nearly doubled. And you know who initiated this apocalyptic debt trend? None other than Barack Obama. You think it […]
What America Has Done to its Young People Is Appalling…
Government Questions Unfair Student Loan Practices…
One of the nation’s largest student loan servicing companies may have driven tens of thousands of borrowers struggling with their debts into higher-cost repayment plans. That’s the finding of a Department of Education audit of practices at Navient Corp., the nation’s third-largest student loan servicing company. The conclusions of the 2017 audit, which until now […]
Bloomberg Gives Johns Hopkins a Record $1.8 Billion for Student Financial Aid…
Former New York mayor Michael R. Bloomberg announced Sunday he is giving a record $1.8 billion to Johns Hopkins University to support student financial aid at his alma mater and make its admissions process “forever need-blind.” The gift, believed to be the largest private donation in modern times to higher education, is a landmark in a […]
One Million Americans Default on Their Student Loans Annually…
More than one million American student loan borrowers default on their debt each year, a new report says. That means by 2023, approximately 40 percent of borrowers are expected to default. That is according to a new report by the Urban Institute, a nonprofit research organization dedicated to developing evidence-based insights on critical socioeconomic issues. […]
There Are 101 Americans with Over $1M in Student Loans…
Astronomically high college tuition facilitated by a bottomless ocean of student loans has saddled Americans with a record $1.48 trillion in non-dischargeable debt – an amount which has more than doubled since the 2009 lows. As we reported in January, nearly 40% of student loans taken out in 2004 are projected to default by 2023 […]
One in Three College Students Expect Taxpayers to Absorb Student Loans…
The majority of college students ignore the costs of their student loans and more than a third expect taxpayers to cover the tab, according to a new poll. A poll of college students and recent graduates found that 56 percent of borrowers did not know the interest rates on the loans enabling them to attend […]