Tag: debt

education department

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…

debt, student, gap

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…