Morehouse College seniors got a surprise Sunday when billionaire investor Robert F. Smith announced during his commencement speech that he would pay off the student loan debt for the historically black college’s graduating class. “On behalf of the eight generations of my family who have been in this country, we’re going to put a little […]
Elizabeth Warren Wants to Wipe Out Student Debt for 42 Million Americans
NEW YORK: Higher education contributes to unprecedented student loan debt challenges in both developed and developing countries. College costs are rapidly rising, and student loan debts have reached disquieting record levels for both graduates and governments. Most recent college graduates are burdened with heavy loan debt for years with many delinquent on repayment. In the […]
AMERICAN STUDENT LOAN debt has ballooned to more than $1 trillion and more than 7 million borrowers are in default, according to reports by the Consumer Financial Protection Bureau. This problem isn’t unique to the United States, though. College students in countries such as Britain and Japan are taking on student loans to finance their […]