Nelnet, other student loan websites struggling after Biden cancels some debt, borrowers say
While the loan forgiveness will wipe the slate clean for many college graduates, hefty tuition increases in the last few decades mean that many Texans will still have years of payments ahead. In the Lone Star State, students at Texas Christian University graduate with the highest amount of debt — an average of $49,287. Only one-third of students at the Fort Worth private school carry student loans, though.About 40 percent of undergraduate students at both Texas A&M University and the University of Texas at Austin had student loans in 2019-20, according to institute data.
Really think that is too low of an amount. How did they come to this, how many graduates info was used and where did they get the info from. Imo, too low for an average loan debt from a 4 yr university/college.
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Fact Check: Ted Cruz says student debt relief costs $2,100 per taxpayerThe Republican senator from Texas picked up NTU analysis about the cost of forgiving student loan debt. Can't really fact check since even the White House claims they don't know how much this scheme will cost. The real question is how much does student debt relief cost per student. I'll bet it's less than they have paid in taxes, anyway.. Liar
Source: Newsweek - 🏆 468. / 52 Read more »
Help for elites at expense of plumbers? GOP seeks midterm gains by slamming Biden student debt planRepublicans are working to make President Joe Biden's historic action to forgive student loan debt an economic wedge issue in November's midterm elections. Generosity for them is the most toxic poison imaginable Report thee truth Majority of voters elected President Joe Biden and MVP Kamala Harris for their Federal undergraduate Student Loan Plan Campaign.
Source: YahooNews - 🏆 380. / 59 Read more »
GOPers, stop whining over student loan forgiveness. The fight is just getting started.._jahan: Biden’s student loan forgiveness plan is undoubtedly monumental. But as it stands, the policy doesn't do enough for those who carry a majority of the country's student loan debt — Black women. (via thereidout Blog) _Jahan thereidout Yep the courts will overturn it. _Jahan thereidout Biden does not have the authority to forgive the loans. Don't get your hopes up. _Jahan thereidout Giving 10k to people who took on 100k-300k in debt is sort of funny. Also seems like they aren’t that smart
Source: MSNBC - 🏆 469. / 51 Read more »
APESlate Money talks student loan debt, Dan Price, and AMC. Good episode. I went from mostly ambivalent to mostly in favor on forgiveness. Back in 1978-1982 Pell grants paid almost all my tuition. Tuition was $620 a year. I received $600 a year in Pell grants. Working part time for Sears, and a wife who worked, we needed no student loans after Pell grants. Yea, I'm an old Boomer, but it was enough in the day.
Source: Slate - 🏆 716. / 51 Read more »