Just two years ago, the Consumer Financial Protection Bureau estimated that nearly 33 million American workers eligible for student loan forgiveness weren’t taking advantage of the programs. Times have certainly changed, as the federal government earlier this year revealed that these program were now so popular they cost nearly $22 billion more than they anticipated. But it doesn’t appear the increase in use for such plans is by those who might benefit the most. [More]
Are Student Loan Forgiveness Programs Just A Free Pass For Grad Students With More Than $100K In Debt?
With more fuel-efficient vehicles and hybrid cars hitting the roads every day and requiring less gas, some states are looking into how they can still collect enough money from drivers to keep maintain their roads and bridges. Oregon is one such state, with a new test program that allows volunteers to pay the state not for the amount of fuel they buy at the pump with a gas tax, but for how many miles they drive. [More]
Senators Chastise Govt. For Making Money Off Struggling Student Loan Borrowers, Not Offering Enough Relief
For several years now the government has offered federal student loan forgiveness programs aimed at helping borrowers to avoid defaulting on their debts. While recent reports have shown that the popularity of the programs has exceeded expectations, a group of six senators say the Department of Education could do more given the billions of dollars in payments it receives from federal loans each year. [More]
Last spring, legislators and researchers began voicing concerns that federal student loan forgiveness plans could become a victim of their own success. This week, we learned just how successful – and costly – such program are; information that once again created a chorus of concerns regarding the sustainability of such programs. [More]
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