student loan debt
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Betsy DeVos Doesn't Give a Damn About Students, Education or the Cost Thereof
Can we stop telling the lie that Betsy DeVos has the best interest of this nation’s students at heart? The U.S. Department of Education has devolved into yet another classist system of oppression set up to hold down people of color and low-income families. This latest move by DeVos is proof of that. According to…
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Employers May Soon Help With Student Loan Debt—but Will Black Grads Be Left Behind?
Many of us are all too familiar with the student loans, but thanks to a new program unveiled by Fidelity Investments, repayment aid from your employer may soon be an option. The problem? It probably won’t do much to address the deep racial disparities of the student debt crisis. According to BuzzFeed News, Fidelity announced…
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$5,000,000,000 Worth of Student Loan Debt Could Be Wiped Out Because of Missing Paperwork
Have you taken out a private student loan to fund your education? Do you know who owns the debt? The issue of who owns the debt on $5 billion worth of student loans is at the center of a legal battle that is resulting in tens of thousands of people having their debt wiped away.…
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Education Secretary Betsy DeVos Just Removed Some Huge Consumer Protections for Student Loan Borrowers
While we were all distracted by other things Tuesday, Betsy DeVos used her powers as education secretary to roll back some key policy memos issued by the Obama administration that strengthened consumer protections for student loan borrowers. The Washington Post reports that the U.S. Department of Education is in the process of issuing new contracts…
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Report: HBCU Students Are Burdened With Higher Loan Debt Than Non-HBCU Peers
Students who graduate from historically black colleges and universities graduate with substantially higher debt than their peers at non-HBCUs, according to a new report published by the United Negro College Fund on Tuesday. “Fewer Resources, More Debt: Loan Debt Burdens Students at Historically Black Colleges and Universities” (pdf), released by UNCF’s Frederick D. Patterson Research…
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Report: Student Loan Debt Up 4 Percent
Undergraduate students are leaving school with an average of $30,000 in student loan debt, a new study shows. Consumerist reports that the latest annual student debt survey from the Institute for College Access & Success found that nearly 7 out of 10 seniors graduating from four-year public and nonprofit colleges in 2015 owed an average…