By Stacy M. Brown NNPA Newswire Senior National Correspondent @StacyBrownMedia As the holiday season kicks off with Thanksgiving, Black Friday, and Christmas shopping, a new study by MarketWatch Guides has identified the states with the highest consumer debt levels. The District of Columbia is top of the list, with an average debt per capita of […]
Biden-Harris Administration Approves $6.1 Billion Group Student Loan Discharge
By Karen Stokes The Biden-Harris Administration announced an additional over $6 billion in student debt cancellation for 317,000 borrowers who attended the Art Institutes, on or after Jan. 1, 2004, through Oct. 16, 2017. A higher-ed entity that knowingly defrauded its enrollees over several years. Today’s action brings total approved debt cancellation under Biden Administration […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Student Loan Debt Solutions Still Exist
Legislatively Speaking By Senator Lena C. Taylor For those hoping to see the Biden/Harris administration’s student loan forgiveness initiatives survive legal challenges, you are likely feeling pretty anxious right now. Private for-profit colleges and trade schools, in Texas, are the latest to challenge new administration rules that would forgive the loans of those defrauded by […]
The Biden Administration is Proposing a More Manageable Student Loan Plan
By Karen Stokes The Department of Education released its proposed rule updating its Income Driven Repayment program to make student loan payments more manageable for borrowers moving forward. “We’re doing this because we have to get a handle on the issue that we’ve seen for decades, college costs going up, financial aid going down and […]
Biden Administration Combats Against Debt Relief Scams
By Karen Stokes Last month, President Biden announced a plan to wipe out significant amounts of student loan debt for 40 million Americans now federal officials are warning about scams. The administration’s forgiveness program will cancel up to $20,000 in student loan debt for borrowers making less than $125,000 or $250,000 for households. The plan […]
Biden Student Loan Relief Plan Benefits Borrowers in all Fifty States, Washington, D.C., and Puerto Rico
The Biden administration forecasts that over 40 million borrowers are eligible for its student loan relief plan all across the country. “President Biden believes that education is supposed to help people climb the economic ladder but more than often debt becomes the anchor that weighs them down. That’s why he proposed this plan,” said James […]
FACT SHEET: The Biden-Harris Administration’s Plan for Student Debt Relief Could Benefit Tens of Millions of Borrowers in All Fifty States
On Tuesday, the White House released state-by-state data on how the Biden-Harris Administration’s plan for student debt relief will benefit borrowers in all fifty states, Washington, D.C., and Puerto Rico. Last month, President Biden announced his Administration’s plan to give working and middle-class Americans more breathing room by providing up to $20,000 in debt relief […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Student Loan Debt Relief is a Game Changer
Legislatively Speaking By Senator Lena C. Taylor Ramen noodles, work study, food stamps, and the kindness of friends is what got a lot of students through college. If you were a first generation student, things were even tougher. No one told you that financial aid checks didn’t arrive until later in the semester, but you […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Get it, While the Getting Is Good: Student Loan Forgiveness
By LaKeshia N. Myers Student loan debt continues to be a hot topic among many Americans, especially millennials who on average, carry $32,000 in debt. Those who default on their student loans can be exempt from certain types of employment, which can perpetuate the cycle of poverty from one generation to the next. Since the […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
New News Regarding Student Loan Debt
By LaKeshia N. Myers I am one of 3.2 million Americans who has student loan debt in excess of $100,000. While the Biden Administration has worked tirelessly strengthening loan forgiveness programs and cutting the red tape that exists for borrowers to prove eligibility, I have continued to pay close attention and listen intently whenever I […]