According to a world-leading student loan expert, the Biden administration’s recent decision to forgive student debt may help students now but won’t fix the long-term crisis. Professor Bruce Chapman from The Australian National University (ANU) said the only way to make the system fairer and sustainable is to put loans where students don’t repay debt ...
In 2007, the U.S. government enacted the Student Loan Forgiveness Program. People were promised that if they paid their loans back on time for 10 years and honestly pursued work, their remaining student debt would be wiped out. More than a decade later, the program has proven to be nothing but an empty promise. Loan ...
An important talking point of the upcoming U.S. presidential election has been student debt. Candidates like Bernie Sanders and Elizabeth Warren have both proposed wiping out all or part of the US$1.5 trillion student debt owed by American citizens. While the proposal sounds attractive, is using public money to pay off the debts of some ...
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