Tag: university

‘They can’t coerce the states into doing anything:’ Biden does NOT have the power to enforce in-person learning at K-8 schools — here’s why

Over the past few weeks the question of whether the Biden administration will achieve a campaign promise to reopen the majority of schools in its...

State attorneys general call on Biden to cancel up to $50,000 in student debt to provide ‘immediate relief to millions’

A multistate coalition of Democratic attorneys general is calling on President Joe Biden to cancel up to $50,000 in student debt per borrower.  The letter...

Elizabeth Warren calls for new leadership to oversee student loans — and calls Betsy DeVos era a ‘disaster’

When Congress ordered the Department of Education to stop garnishing the wages of borrowers who defaulted on their student loans as part of the CARES...

President Biden removes key figure at National Labor Relations Board — union leaders rejoiced

Amid a flurry of first-day orders and actions, President Joe Biden’s administration showed the door to a top-ranking lawyer at a labor agency meant to...

Biden administration to extend student loan payment pause on Day 1, transition officials say

Once in office, President-elect Joe Biden will extend the coronavirus-era payment pause on student loans, a member of his transition team told reporters Friday.  “On...

Why it matters when this stimulus check money hits your account.

As the Internal Revenue Service starts cutting a second round of direct relief checks, the waiting may be the hardest part for people who just...

Biden on using executive action to cancel $50,000 in student debt: ‘I think that’s pretty questionable’

President-elect Joe Biden said he is “unlikely” to use his authority to unilaterally cancel $50,000 in student debt for individual borrowers, weighing in on a...

The new stimulus bill didn’t extend the student-loan payment pause — but it has 8 provisions that will affect how families pay for college

Whether borrowers will resume paying their student loans on February 1 will likely be up to President-elect Joe Biden, after Congress left any pause on...

Electoral College anoints Joe Biden as president-elect amid threats of violence and Trump protests

The Electoral College formally declared Joe Biden president-elect Monday, after California cast its 55 votes for the former vice president and put him beyond the...

I paid for my wife’s M.A. and vacations. I suggested we save for a house, but she left me — and my in-laws told me to be a man

I am 31 years old and my wife is 30. We both live in New York. We have been married for four years. She makes...

Weekend reads: $500,000 and a retirement problem

ISTOCK/GETTY IMAGES Everybody’s financial scenario heading into retirement is different. This encompasses more than levels of savings or income — emotions come into play. What...

Trump says he will leave White House if Electoral College affirms Biden win, which he says would be a ‘mistake’

President Donald Trump speaks with reporters after participating in a video teleconference call with members of the military on Thursday at the White House in...

From student-loan forgiveness to targeting for-profit colleges, the Biden administration will aim to reverse many of Betsy DeVos’s education policies

When Betsy DeVos was confirmed as Secretary of Education nearly four years ago, Vice President Mike Pence broke a tie in the Senate, making her...

Early decision is good for colleges, but is it good for you?

In November, even in the midst of COVID19, high school seniors will face deadlines for submitting applications under colleges’ early admissions plans. Early admissions has...

My family paid $7K for my uncle’s funeral. Our cousins said they didn’t have any money, but one remodeled his kitchen and another bought $800 shoes. Would you ask for it back?

Dear Moneyist, My two sisters and I recently paid over $7,000 for the funeral of our uncle, because he had no insurance and his three...

Student debt is fueling the Black-white wealth gap — and pursuing a college degree has become ‘racialized,’ this professor says

That’s thanks in part to Fenaba Addo, an associate professor of consumer science at the University of Wisconsin-Madison who studies debt and its role in...

Student-loan borrowers can skip payments until 2021, but that may not be long enough

It’s official: Millions of student loan borrowers won’t have to make payments on their debts through the end of this year, the Department of Education...

‘COVID has reduced to tatters the illusion of American exceptionalism,’ says anthropologist in Rolling Stone op-ed

In a dark season of pestilence, COVID has reduced to tatters the illusion of American exceptionalism. At the height of the crisis, with more than...

Borrowers are still having their paychecks seized over defaulted student loans, even though the CARES Act was supposed to stop wage garnishment, lawsuit says

More than 2,800 borrowers are having their paychecks garnished over defaulted student loans, even though the CARES Act was supposed to pause student debt payments...

Inside the $5 billion ‘shadow’ student debt market that helps keep for-profit colleges afloat

A new report highlights the $5 billion ‘shadow’ student debt market. (Photo by Robyn Beck / AFP) Roughly 44 million Americans are coping with $1.6...

Class of 2020 graduate on leaving school in a COVID economy: ‘I’m just going to get any job that I can to make use of myself’

At the beginning of her senior year of college last fall, Maia Hass’s goal of working in a marketing role at an entertainment company, like...