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College Promise is a national non-partisan campaign that supports funding the first two years of higher education, starting with community colleges in the United States. While state-level campaigns often lack funding, College Promise highlights growing concerns about unaffordable college costs and student loan debt in the United States. [1]
With the Biden administration's federal student loan forgiveness plan at risk of being struck down by the U.S. Supreme Court, many borrowers might be considering other options to reduce or ...
In 2023, Mark Cuban had a warning for young people on the ramifications of taking on massive student loans: “Debt pushes you to take a job that pays your loans rather than picking a job you love.”
Those who did not receive Pell Grants but make less than $125,000 as individuals or less than $250,000 as a married couple are eligible for $10,000 in student loan debt forgiveness.
Debt in the United States. In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [1]
In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]
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