From mental health to home-buying, there are myriad ways education loans can affect lives. That’s why it’s so difficult to find a one-size-fits-all solution, economists say.
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About 72,000 people will have their federal loans fully canceled after Education Secretary Miguel Cardona on Thursday scrapped a plan to give partial debt relief to students defrauded by their colleges, ending a controversial policy instituted by his predecessor Betsy DeVos.
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Each year, the government sets aside around $150 billion in federal aid for college students. That aid consists of grants, scholarships, federal student loans, and work-study, and to qualify for that aid, students need to fill out the FAFSA form. But, Sallie Mae’s “How America Pays for College 2020” shows that one in three families skipped the FAFSA last year. Here’s what you need to know about why that’s a mistake, and how to file.
Read MoreBy Terry Savage Tribune News Service
Help with repayment of student loans is one of the most enticing benefits a company can offer to today’s young workers. And now there’s a new opportunity for employers to act before year-end to take advantage of incentives in the 2020 coronavirus relief law, or CARES Act, that makes tuition repayment benefits even more attractive.
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The 2020 report outlines eight recommendations for how Wisconsin can provide relief, education, and protection to its student debtholders now and in the future.
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This is a blog post from Liberty Street Economics, Federal Reserve Bank of New York.
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A February 2020 report from the Student Borrower Protection Center. Across the financial services sector, “alternative data” has been touted by established consumer lenders and new entrants alike as a tool to expand access to credit for historically underserved communities, including people of color. This report examines one subset of this data—education data, an umbrella term describing information related to a consumers’ higher education—when determining access to credit and the price of consumer financial products.
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