Posts Tagged: loan forgiveness

Loan Forgiveness at Morehouse College

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Billionaire Robert F. Smith surprises 2019 Morehouse graduates with a pledge by his family to eliminate the class of 400 students’ debt with a grant. Questions: White students pay down their debt by 10 percent a year compared to what percent by black students? How many generations have Mr. Smith’s family been in this country?… Read more »

Sweet Betsy from Pike

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In a break with Obama administration policy, Education Secretary Betsy DeVos announced in December that some students cheated by the now-defunct schools would only get a part of their federal student loan forgiven. In order to determine how much to forgive, the agency analyzes average earnings of graduates from similar programs. Questions: 1. What did… Read more »

The Dizzying Student Loan Game

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The Feds claim that the nation’s largest student loan servicer gave rushed and costly advice. Questions: 1. What is the amount or size of the U.S. government’s student loan program in dollars? 2. What is Navient? 3. How would you describe the structure of Student loan servicing? 4. What are some of the claims about… Read more »