Stories tagged: "student loan debt"


US President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) on August 24, 2022 in the Roosevelt Room of the White House in Washington, DC. - Biden announced that most US university graduates still trying to pay off student loans will get $10,000 of relief to address a decades-old headache of massive educational debt across the country. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)
Biden Administration Makes It Easier to Discharge Student Loan Debt Through Bankruptcy

Prior to this move, student loan debt—unlike credit card bills, medical bills, and most other forms of debt—was not eligible to be automatically wiped away when a person filed for bankruptcy.

WASHINGTON, DC - AUGUST 25: Student loan borrowers stage a rally in front of The White House to celebrate President Biden cancelling student debt and to begin the fight to cancel any remaining debt on August 25, 2022 in Washington, DC. (Photo by Paul Morigi/Getty Images for We the 45m)
Here’s Where the Biden Administration’s Student Loan Relief Plan Stands

In the past week, two separate courts controlled by conservative judges have ruled against the Biden administration’s plan to cancel tens of thousands of dollars in federal student loan debt.

President Joe Biden at NC A&T University in April. On Wednesday, Biden announced that he would deliver on a campaign promise, canceling student debt for many Americans. The move could have significant impacts in N.C., which has the seventh-highest average debt in the nation, according to Lending Tree. (AP Photo/Carolyn Kaster)
Biden Cancels Student Debt For Tens of Millions of Americans, Delivering on a Campaign Promise. Here’s What’s In His Order. 

North Carolina has the seventh-highest average debt in the nation. So the move might have a significant impact here.

Canceling student debt is very popular, especially among younger voters, new Courier Newsroom polling shows. (Shutterstock)
Canceling Student Debt Is Very Popular

Voters under 45 support student debt cancellation in overwhelming numbers.

With President Joe Biden's decision to delay federal student loan repayments until September, many in Congress are calling for cancellation of up to $50,000 per person of student loan debt. (Image via Shutterstock)
‘The Debt Is Too Damn High’: Student Loan Payments Paused Until Fall

The president announced an extended pause on student loan repayment, as NC's Alma Adams and nearly 100 Democrats in Congress call for debt cancellation.

Will Joe Biden agree to cancel a portion of student loans for some borrowers? Graphic via Denzel Boyd for COURIER
Student Loan Debt Is Ruining Lives. Can We Just Cancel It?

About 45 million borrowers in the US collectively owe $1.6 trillion in student loan debt, a burden that has left millennials worse off than their parents, delayed marriages and children, widened the racial wealth gap, and had devastating mental health consequences.

Education Secretary Betsy DeVos calls student debt cancellation and tuition-free college 'wrong.'
Betsy DeVos Owns a $40 Million Yacht, but Thinks Helping People Afford College Is ‘Insidious’

Student debt cancelation and tuition-free college may seem extreme to DeVos, who owns a $40 million yacht, but not to those facing the cost crisis of America’s higher education system.