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On Tuesday, the White House released state-by-state numbers of enrollees to the newly launched SAVE program for student loan borrowers. North Carolina, South Carolina, and Georgia borrowers have enrolled in a big way.
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Student loans aren't too different from mortgages. But they're not insurmountable.
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Raul Zambrano's life is a little different than it was just a few months ago, for the better. But his story of student debt calculus is timeless.
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White student loan borrowers in South Carolina have it bad. Borrowers of color have it worse. Women borrowers of color have it worse yet.
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For decades, a college education was the “golden ticket” to the American Dream. On this episode of InDebted, host Scott Morgan looks at student loan debt in SC, especially how it disproportionately affects African American students.
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The Supreme Court will hear arguments this week over President Joe Biden's student debt relief plan. It's a plan that impacts millions of borrowers who could see their loans wiped away or reduced. Republican-appointed judges have kept the Democratic president's plan from going into effect. It's unclear how the court will respond. The court is dominated 6-3 by conservatives. The justices have scheduled two hours of arguments in the case Tuesday, though it'll probably go longer. The public can listen in on the court's website beginning at 10 a.m. Eastern. The court is hearing challenges by two students and by six Republican-led states: Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina.
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President Joe Biden's plan to forgive student loan debt for millions of borrowers lost another battle in court on Monday when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out. The ruling by the three-judge panel from the 8th U.S. Circuit Court of Appeals in St. Louis came days after a federal judge in Texas blocked the program, saying it usurped Congress' power to make laws. The Texas case was appealed and the administration is likely to appeal the 8th Circuit ruling as well.