Student debt has skyrocketed to $1.5 trillion.
Since 2004, the cost of student debt has grown by 160%.
I'm a very staunch supporter of a canceling student debt.
Solutions to student debt are likely to be at the forefront of the 2020 presidential race.
Now one of her closest allies is in charge of the federal student debt pile, and that could be a big deal.
"Student debt is also one of the biggest contributors to the rise in the amount of debt seniors hold overall."
Civil-rights organizations want President Joe Biden to change that by canceling $50,000 in student debt per person.
Insider previously reported that the student-debt burden falls disproportionately on people of color.
But as president, Biden has yet to follow through on two campaign promises he made to voters on cancelling student debt.
The racial wealth gap is why some politicians and lawmakers are advocating for student-debt cancellation.
Major companies like Fidelity, Aetna, and Penguin Random House now have some sort of student debt relief program for employees.
Beamer has spent the past year studying inequality in student access to higher education in the US for JFI's Millennial Student Debt Project.
With student debt in the US totaling approximately $1.7 trillion, there is no question that forgiving that debt would be a welcome relief for many Americans.
Antonio Boyle, Vice President for Strategic Enrollment Management, estimated that the average eligible student would qualify for about $3,276 in student debt relief.
The national total student debt is $1.5 trillion, according to Student Loan Hero, and the average student debt per graduate who took out loans is higher than ever, at $17,126, Business Insider reported.
"A lot of young adults are dealing with student debt, and they're really struggling to pay off their student debt, and be able to save for retirement, and be able to save for some of their other financial goals."
He pointed to how much traction the issue of student debt got in 2016; student debt relief — and how much should be forgiven — is one topic that's led to a divide between progressive Democrats and the more moderate Biden.
Even though cancelling all student debt above Schumer's $50,000 threshold would primarily impact those in high-income professions like attorneys and doctors, a longtime student debt activist countered that forgiving higher levels of debt are all the more necessary.
The key question right now is whether Biden will cancel student debt through executive order or wait for Congress to draft legislation, and similar to progressive lawmakers' arguments, Collinge said Biden does have the authority under the Higher Education Act to cancel up to $50,000 in student debt, which would not only help borrowers, but the economy, as well.
Natalia Abrams, executive director of Student Debt Crisis — a nonprofit dedicated to reforming student debt policies — said in a statement to Insider that while she is "encouraged" that free community college and investments in Historically Black Colleges and Universities (HBCUs) and minority serving institutions are included in Biden's plan, he needs to go further to meet his campaign promises.
On this page, there are 20 sentence examples for student-debt. They are all from high-quality sources and constantly processed by lengusa's machine learning routines.
Just use the " " button to fragment sentence examples and start your learning flow.
Example output from one of your searches:
Natalia Abrams executive director of Student Debt Crisis — a nonprofit dedicated to reforming student debt policies — said in a statement to Insider that while she is encouraged that free community college and investments in Historically Black Colleges and Universities HBCUs and minority serving institutions are included in Biden's plan he needs to go further to meet his campaign promises