Tag: debt

student loan debt, biden, cancel

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 officers

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,…

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…