How the student debt crisis ballooned to $1.7 trillion

The student debt crisis ballooned to over $1.7 trillion in recent years. This debt has varying effects on students, workers and the larger economy. Since taking office, President Biden has been largely silent about a plan to broadly cancel student debt, even though he campaigned on canceling up to $10,000 in student debt for all borrowers. However, his administration has absolved some student debt for certain groups, like borrowers with disabilities and active duty service members.
— Read on www.cnbc.com/video/2021/11/05/how-the-student-debt-crisis-ballooned-to-1point7-trillion.html

Trump gives people with student loans a break amid coronavirus

Trump said people with federal student debt won’t have to pay interest amid the coronavirus. That means borrowers could put their payments on pause without any penalty.
— Read on www.cnbc.com/2020/03/13/mnuchin-may-suspend-student-loan-repayments-amid-coronavirus-outbreak.html

Treasury Department says student-debt crisis is so bad that financial education should be mandatory for college students – MarketWatch

The recommendation comes as student-loan borrowers cope with $1.5 trillion in debt.
— Read on www.marketwatch.com/story/treasury-dept-says-student-debt-crisis-is-so-bad-that-financial-education-should-be-mandatory-for-college-students-2019-06-17