student loan debt
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Every Argument Against Student Debt Forgiveness, Explained (and Dismissed)
What happens to a student loan deferred?Does it dry uplike Donald Trump’s skin?Or draw interest—Do payments ever end? Does it grow into a mountain of debt?Until an unknown numbercalls you up to collect? Maybe it just sagslike a heavy load.Until someone forgives it… And white people explode. For most Americans not named Ivanka and those…
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I Don't Want to Die Poor: In His Newest Book, Michael Arceneaux Articulates the Angst of a Generation
It’s a rare feat to score a spot on the New York Times’ bestseller list with your first book—and even rarer to have your finger on the pulse of a national moment with your second. Michael Arceneaux, author, 2018 Root 100 honoree and occasional contributor to The Root has managed to do both; following the…
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Reps. Ilhan Omar and Ayanna Pressley Propose Massive Student Debt Relief Plan Ahead of Coronavirus-Spurred Recession
The fight against the coronavirus outbreak is a global endeavor, and as local and national governments around the world scramble to manage the global health crisis, they must also prepare for another devastating reality: a global recession. Making sure aid is equitable and effective is the burden laid upon American lawmakers and public officials—especially in…
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Sen. Elizabeth Warren Proposes Student Debt Relief Be Included in Coronavirus Measures
Crazy how much shit can change up on you in literally the span of a week. Things that sounded out of the realm of possibility now seem like very real solutions. Take, for example, canceling student loan debt. Senator and former presidential candidate Elizabeth Warren, writing for MTV News, calls for the next coronavirus bill…
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Senate Tells Betsy DeVos 'Nah,' Over Rule That Makes Debt Relief Harder
It’s very rare that we see the Republican-controlled Senate vote against the Trump administration. The only thing more surprising than Betsy DeVos still having a job is Republicans voting to repeal a rule she created. According to the New York Times, a rare instance of bipartisanship occurred when the Senate voted to revoke a rule…
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USC Will Eliminate Tuition for Families Making $80,000 or Less
As the amount of student loan debt continues to rise right alongside the cost of education, one major university is taking a step toward ensuring education is a possibility regardless of a family’s income. The University of Southern California has put in place a new policy that will eliminate tuition for families that make $80,000…
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This 11-Year-Old Is Helping NYC Families Afford College
While most 11-year-old boys are begging their parents for toys and new shoes, 11-year-old Obocho Peters is earning cash with his mom and helping other families save for college in the process. Obocho and his mom, Sasha Peters, run Obocho’s Closet, a thrift store in NYC stocked with affordable clothes and shoes for kids up…
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'Cruella' DeVos Fined $100,000 for Violating Court Order to Stop Collecting Student Loans
A federal court has ordered the Trump administration’s Wicked Witch of the West Wing, Education Secretary Betsy DeVos, to pay $100,000 for violating a court order demanding that the department she oversees stop collecting loan payments from students who were bamboozled by a now-defunct educational institution. Northern District of California Judge Sallie Kim held DeVos…
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Sallie Mae Flew More Than 100 Employees to Hawaii to Celebrate $5 Billion in Sales
As you struggle to make that outlandish student loan payment this month, here is something for you to chew on: In August, Sallie Mae flew more than 100 employees on its sales team to Maui to celebrate them making more than $5 billion in sales. NBC News reports that 1 in 5 adults in the…