UC Irvine Law expands loan repayment assistance program
UCI LAW — The University of California, Irvine School of Law is pleased to announce thatstarting January 2023, a greater number of alumni will be eligible to receive financial assistance as the law school enhances its Loan Repayment Assistance Program (LRAP).
Read More about UC Irvine Law expands loan repayment assistance programHow student debt affects borrowers as they age
THE NEW YORKER — Americans aged sixty-two and older are the fastest-growing demographic of student borrowers. Of the forty-five million Americans who hold student debt, one in five are over fifty years old. Between 2004 and 2018, student-loan balances for borrowers over fifty increased by five hundred and twelve per cent.
Read More about How student debt affects borrowers as they ageBiden administration to limit interest capitalization on student loans
CNN — The Biden administration has a plan to slow interest from adding to borrowers’ federal student loan debt balances.
Read More about Biden administration to limit interest capitalization on student loansOpinion: How the government can address student loan debt
THE HILL — There is much we don’t yet know about President Biden’s anticipated plan for student loan forgiveness. One thing is certain though: while this will benefit millions of borrowers, it will not fix our broken student loan system. We need to help people who are struggling with student debt, but providing limited forgiveness today will…
Read More about Opinion: How the government can address student loan debtHow cancelling student debt could help close the racial wealth gap
FIVE THIRTY EIGHT — America’s racial wealth gap is well-documented, even if many continue to underestimate its existence. Black Americans’ net worth is, on average, less than 15 percent of white Americans’, the legacy of centuries of systemic anti-Black racism. Moreover, both political parties have failed time and again to address the inequities facing Black…
Read More about How cancelling student debt could help close the racial wealth gapFederal student loan debt cancellation details expected in late summer
INSIDE HIGHER ED — A final decision on whether the Biden administration will forgive some student loan debt will likely not come until July or August, administration officials told The Wall Street Journal.
Read More about Federal student loan debt cancellation details expected in late summerMore companies are offering assistance in paying off student loans
THE WASHINGTON POST — In a tight labor market, where competition for workers is fierce, companies are making a play to attract and retain employees by offering to pay their student loans.
Read More about More companies are offering assistance in paying off student loansBlack parents are disproportionately burdened by parent PLUS loans
INSIDE HIGHER ED — Black parents are disproportionately burdened by Parent PLUS borrowing, a new study finds, leading to deeper racial inequities in student loan borrowing and higher education at large.
Read More about Black parents are disproportionately burdened by parent PLUS loansStudent financial aid experts discuss student loan forgiveness and reform
INSIDE HIGHER ED — As President Biden moves closer to canceling at least some student debt in the near future, many higher education advocates and members of Congress are concerned that cancellation without broader reforms to the federal loan system at large will merely provide a temporary solution to a much larger issue.
Read More about Student financial aid experts discuss student loan forgiveness and reformLawyers react to federal student loan debt forgiveness proposals
REUTERS — A potential move by the Biden administration to cancel $10,000 in federal student loan debt would not do much to alleviate the heavy debt burden many lawyers face, law graduates and policy experts said.
Read More about Lawyers react to federal student loan debt forgiveness proposals