The fact that the forgiveness programs are failing the overwhelming majority of borrowers trying for them isn’t a bug…it’s a feature!
A pledge from the candidates to attack the student debt problem by executive order is what is needed.
While the voters don’t want Biden to try to match or beat Sanders’ or Warren’s unrealistic cancellation promises, they do expect Biden to return a floor of fairness to these loans.
This is how Trump is taking credit for a decades-old student loan cancellation program.
Student Loan Justice Founder Alan Collinge’s call-to-action.
DeVos appears to be fighting viciously for big-government, rather than the borrowers.
— Conservative financial adviser Dave Ramsey seems to go out of his way to ridicule and denigrate student loan borrowers. Having looked very closely at this problem for many years, it is obvious to me that Mr. Ramsey is woefully uninformed about the uniquely vicious and predatory nature of these loans. He also, apparently, has…
Student Loan Justice Founder Alan Collinge rebuts Forbes’ claim.
— On January 11th, the Brookings Institution issued a report finding that the default rate for undergraduate, federal student loan borrowers nationwide will be about 38% by 2023, indicating a true, lifetime default rate of about 40% This is far, far higher than any lifetime default rate publicly acknowledged for federal student loan borrowers previously.…
The entire lending system may vanish into illegitimacy.
Our government has apparently found a way to get blood from a stone.
For-profit colleges are not to blame.
27 million of the 44 million borrowers—voters— in the country are unable to make payments on their student loans.
The student loan system has crossed the threshold of stability.
The U.S. government has been profiting tremendously on the student loan program. Meanwhile, the students and their families suffer. Alan Collinge explains.
There exists a critical mechanism for ensuring fair lending, rational pricing, and good faith in a lending relationship.