The Last Lever to Pull
Amnesty should be the last lever pulled. The first should be the wholesale restructuring of the $1.7 trillion student loan portfolio so that repayment durations are extended to a more appropriate term.
The Problem With Student Loan Amnesty
Student loan amnesty is a political expedient. An ineffective remedy that does not take into account several important considerations.
Thoughts at a Hypertense Time
The election is fast approaching. And when I’m not preoccupied with wearing a mask, washing my hands, maintaining a safe distance and disinfecting everything, my thoughts turn to other matters that concern me every bit as much, particularly at this fraught time.
Recapturing a Simpler Past for Higher Education
As dangerous and disruptive as this moment is, it presents an opportunity for higher education to pause, pivot and return to its simpler and truer purpose.
CARES Doesn’t Care Enough about Student Loans
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act does not alleviate the severity of the student loan crisis.
An Opportunity for Action on Student Loans
U.S. student loan borrowers have been relegated to second-class citizenry. Two years later, their plight appears poised to worsen.
Putting the Debt Ceiling Crisis to Good Use
Address the debt ceiling crisis by divesting the Federal Direct student loan portfolio, which can yield a trillion-dollar reduction in federal debt.
A Fearsome Financial Freight Train
The student loans financial freight train is headed downhill and is picking up speed.
A Simple Solution for the Vexing Student Loan Problem
As Navient lawsuits wind their way through the courts, an obvious question lingers: Why would any financial services company run this kind of risk?
Incompetent, Uncaring or Complicit?
Ever hear of the term risk-based pricing?
According to the Consumer Financial Protection Bureau, “lenders offer different consumers different interest rates or other loan terms, based on the estimated risk that the consumers will fail to pay back their loans.”
Said differently, the higher the risk, the higher the rate.
Lenders are perfectly justified in pricing their products […]