College graduates in America, on the whole, owe more than $1.7 trillion in student debt, but women owe the larger percentage of that overall debt — an astounding $929 billion as of 2020. If those numbers weren’t disturbing enough, a new study from The American Association of University Women (AAUW)…
Tag: debt
Progressives Push Biden to Forgive $50,000 of Federal Student Loan Debt
Progressive Democrats announced a resolution Thursday, Feb. 4 demanding Biden use executive action to cancel $50,000 worth of student loan debt for each borrower. Biden is not expected to pass the measure because his campaign only promised up to $10,000 in congressionally passed debt forgiveness. Senate Majority Leader Chuck Schumer,…
NYPD Replaced by Mental Health Experts in NYC; Your College Degree Might Not Be Worth the Debt; and More
NYPD may no longer respond to mental health emergencies in NYC. New York City administrators have announced a new pilot program where teams of EMS health workers and mental health crisis workers will be dispatched to emergency mental health calls placed to the city’s 911 system rather than the NYPD,…
More Than $22,800 Donated to Pay Off Minnesota Students’ School Lunch Debt
Richfield Public Schools in Minnesota has received more than $22,800 in donations as of Tuesday after a video surfaced of workers throwing away kids’ hot lunches if the students owed more than $15, according to CNN. CNN reported that hundreds of people have donated in order to raise the thousands…
Survey Finds 4 in 5 Graduates Consider Student Loan Debt a Life Sentence
For many college graduates, student loan debt is such a large burden that some would take drastic measures — like shaving their heads, giving up caffeine or spending a week in jail — if it meant erasing it. A survey conducted by OnePoll, on behalf of Splash Financial, found that…
Education Department Gave More Than $10 Million to For-Profit Colleges That Should Not Have Received Aid
Under the Trump administration, the Education Department gave $10.7 million to for-profit colleges that should not have received aid. The aid, which included federal loans and grants, was given to students at the Illinois Institute of Art and the Art Institute of Colorado — even though these schools are supposed…
Student Debt a Large Contributor to Racial Wealth Gap, Study Finds
A study by the Institute on Assets and Social Policy (IASP) found student debt disproportionately affects Black people, leading to the large wealth gap between Black and white people. The report, authored by Laura Sullivan, Tatjana Meschede, Thomas Shapiro and Fernanda Escobar found that 20 years after starting college, the…
Senator Elizabeth Warren’s Plan to Forgive Student Debt Could Actually Work: Study
Senator Elizabeth Warren’s plan could really help Millennials in particular to buy their first home faster, according to a recent study by Redfin. Senator Elizabeth Warren introduced a proposal to cancel up to $50,000 of student loan debt per person. Redfin took her proposal and tried to see what it…
Black-Owned Headlines Barber Shop Helps Pay Off High School Seniors’ Debts
Season Bennett and her husband are owners of Headlines Barbershop in Charlotte, North Carolina, and they found themselves particularly inspired after Billionaire investor and philanthropist Robert F. Smith was the commencement speaker at Morehouse College- announced that he would be paying off the student debt of an entire class of college…
Valerie Castile, Mother of Philando Castile, Keeps Her Son’s Memory Alive By Paying Lunch Debt For Students
Valerie Castile, the mother of Philando Castile who was murdered by a Minnesota police officer in 2016 during a traffic stop, is keeping her son’s legacy of helping the community alive. Last week, Valerie delivered a check for $8,000 to Robbinsdale Cooper High School in New Hope, Minn., to clear…