Last week, President Biden announced he is creating a new program forgiving 10,000 dollars of student loan debt for those with income under 125,000 dollars a year. The amount rises to 20,000 dollars for borrowers who are Pell Grant recipients. Biden flip-flopped on the issue as he previously denied that the president has the authority... Read More

Student loans, long a nonissue that ruined countless lives, have finally become a political flashpoint in the conflict between progressive and moderate Democrats. Yielding to lefties' pressure after Sen. Joe Manchin torpedoed Build Back Better, President Joe Biden has extended former President Donald Trump's pandemic relief to 43 million federal borrowers by pausing payments another... Read More

We used to hear more often about those malignant institutions serving, or rather plaguing, the poor: the loan sharks who charged 100% or more per year in interest, the furniture or radios that ended up costing several times their value on the installment plan. Two or three decades ago, however, we didn’t think of an... Read More

Student loans are a big business. In fact, student debt now exceeds $895 billion which is more than the total Americans owe on their credit cards. And, most of these loans are underwritten by the US government, which means that the taxpayer is on the hook when students can't repay the debt. This is a... Read More