Seven states, including Missouri, sue Education Department over President Biden’s SAVE student loan plan, joining previous lawsuit. They claim the plan is unconstitutional, alleging it will cost taxpayers $475 billion.
President Joe Biden said he would cancel $10,000 in federal student loan debt for most borrowers. However, several Republican lawmakers have criticized the program.
Latinas struggle to overcome pay discrepancies based on race and gender, making it difficult for many to pay back student loans, according to new data.
President Barack Obama has called higher education "one of the crown jewels of this country." However, U.S. students have garnered more than $1.2 trillion in outstanding student loan debt, and 83 percent of that debt, or $1 trillion, stems from federal student loans. This has had a deep impact on millennials and the economy.
Recently declared Democratic presidential candidate Hillary Clinton is already in the midst of formulating a plan to tackle the nation's mounting student debt crisis.
Executive compensation at top-tier public research universities increased 14 percent, between 2009 and 2012, and increased by a third for presidents, equaling a bump to nearly $1,000,000 in annual compensation. The ballooning of salaries for presidents at the top 25 highest-paid public-research university has coincided with student debt growth and faculty disenfranchisement for the last number of years.
The average 4-year undergraduate degree at a state college costs $18,391 to obtain. The average 4-year undergraduate degree at a state college costs $18,391 to obtain.
