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Inside Higher Ed

What Would a $435B Loss Mean for Federal Student Loan Portfolio?

What Would a $435B Loss Mean for Federal Student Loan Portfolio?

November 25, 2020

President Barack Obama signed a memorandum on reducing student loan debt in 2014. A new estimate tries to pinpoint how much student lending could cost the government, not borrowers. It is an eye-popping number: $435 billion.  That is the amount of money the federal government can expect to lose on its $1.37 trillion student loan portfolio, according to an analysis consultants performed for the Department of Education. That analysis anticipates borrowers paying back $935 billion in principal and interest on their student loans, leaving $435 billion for taxpayers to absorb.
President Barack Obama signed a memorandum on reducing student loan debt in 2014. A new estimate tries to pinpoint how much student lending could cost the government, not borrowers. It is an eye-popping number: $435 billion.  That is the amount of money the federal government can expect to lose on its $1.37 trillion student loan portfolio, according to an analysis consultants performed for the Department of Education. That analysis anticipates borrowers paying back $935 billion in principal and interest on their student loans, leaving $435 billion for taxpayers to absorb.

November 25, 2020

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EducationDive.com

Colleges Are Changing the Status Quo to Make Curriculum More Inclusive

Colleges Are Changing the Status Quo to Make Curriculum More Inclusive

November 25, 2020

When administrators at Western Washington University posted the words "Enough is Enough" on the college's homepage after George Floyd, a Black man, was killed in an encounter with police last spring, Black students at the Bellingham, Washington, institution decided that they, too, had had enough. Enough of the expressions of outrage; the statements of solidarity; the conversations about change that seemed to go nowhere. They wanted action.
When administrators at Western Washington University posted the words "Enough is Enough" on the college's homepage after George Floyd, a Black man, was killed in an encounter with police last spring, Black students at the Bellingham, Washington, institution decided that they, too, had had enough. Enough of the expressions of outrage; the statements of solidarity; the conversations about change that seemed to go nowhere. They wanted action.

November 25, 2020

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The Washington Post

What Biden Actually Promised About Replacing Education Secretary Betsy DeVos - Column

What Biden Actually Promised About Replacing Education Secretary Be...

November 25, 2020

Columnist Valerie Strauss writes: On July 5, 2019, while talking with a crowd of K-12 teachers, Joe Biden promised he would hire a teacher to replace Betsy DeVos as education secretary.  Biden wasn’t the only Democratic presidential candidate to make such a promise. But now that he is the one who is going to be president, there is high interest about his pick, who will lead the administration’s efforts to roll back DeVos’s agenda of pushing school choice and for-profit education. Biden’s choice will also signal how far he plans to deviate from the education policies of President Barack Obama, under whom he served for eight years as vice president.
Columnist Valerie Strauss writes: On July 5, 2019, while talking with a crowd of K-12 teachers, Joe Biden promised he would hire a teacher to replace Betsy DeVos as education secretary.  Biden wasn’t the only Democratic presidential candidate to make such a promise. But now that he is the one who is going to be president, there is high interest about his pick, who will lead the administration’s efforts to roll back DeVos’s agenda of pushing school choice and for-profit education. Biden’s choice will also signal how far he plans to deviate from the education policies of President Barack Obama, under whom he served for eight years as vice president.

November 25, 2020

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Wall Street Journal

Future View: Should Biden Cancel College Debt? - Opinion

Future View: Should Biden Cancel College Debt? - Opinion

November 25, 2020

This week’s Future View evaluates canceling student debt. A number of WSJ readers offer their opinion on student loan debt cancelation.
This week’s Future View evaluates canceling student debt. A number of WSJ readers offer their opinion on student loan debt cancelation.

November 25, 2020

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Forbes.com

Why Biden’s Student-Debt Plan Misses The Real Problem - Opinion

Why Biden’s Student-Debt Plan Misses The Real Problem - Opinion

November 25, 2020

Steve Forbes, chairman and editor-in-chief of Forbes Media, writes: One of the first things Joe Biden wants to do when he becomes president is to cancel all or part of the outstanding student debt, now totaling $1.5 trillion.  But there are two big problems with this plan.  [See Video Clip]
Steve Forbes, chairman and editor-in-chief of Forbes Media, writes: One of the first things Joe Biden wants to do when he becomes president is to cancel all or part of the outstanding student debt, now totaling $1.5 trillion.  But there are two big problems with this plan.  [See Video Clip]

November 25, 2020

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