Some State AGs Take Action Seventeen State Attorney Generals signed and sent a letter to Congressional leadership (Schumer, Pelosi, McConnell, McCarthy) calling on Congress (Friday February 19) to pressure President Joe Biden to cancel up to $50,000 in federal student load debt for borrowers as a part of pandemic relief. The AGs write: “As the […]
authored by Alan Collinge of the Student Loan Justice Organization, a grass roots group seeking the swift return of standard bankruptcy protections and other consumer protections to all student loans in the U.S. “We started by going after Sallie Mae debt because Sallie Mae is for my generation sort of the Voldemort, this cosmic level […]
Update appended below. (Second indented quote format also corrected.) —- In the Comments thread to Dan Crawford’s post below titled “Kalamazoo County Michigan…People and Offices to Write to Protest the Stealing of a Home,” I wrote: Dan, you don’t understand. This is freedom, see. I mean, it’s not like it’s the FEDERAL government that’s doing […]
Republicans said the bill wouldn’t have done anything to lower education costs or reduce borrowing, and they accused Democrats of playing politics by highlighting an issue that was bound to fail. — Senate Republicans block student loan bill, Erica Werner, Associated Press, today The bill, written and sponsored by Elizabeth Warren, would allowed borrowers, including those […]
The New York Fed has some interesting statistics regarding the increase and composition of student debt by age and amounts. Such debt has tripled in the last nine years. Lots of reading to be had.
New America points us to Pell Grant cost projections: The Congressional Budget Office this week released updated cost projections for the Pell Grant program – and the estimates show an unexpected surplus over the past several years. The figures are much awaited because they dictate what lawmakers must allocate to the program in the upcoming […]
A few thoughts from a friend of mine and an introduction from a movie I (run75441) watch each year. “I don’t need 24 hours. I don’t have to talk to anybody. I know right now, and the answer’s no. No! Doggone it! You sit around here and you spin your little webs and you think […]
Higher Ed Watch reports on Sallie Mae: Last week, we wrote that Sallie Mae and its promoters on Wall Street claim the company was “blind-sided” by the rising default and delinquency rates on subprime private loans it made to low-income and working class students at poor performing higher education trade schools. It’s a convenient argument […]