SDCC is a 501(c)(3) nonprofit organization centering the needs and voices of borrowers to end the student debt crisis.
Student Debt Crisis in the USARiach, John
In March, the Trump administration temporarily suspended federal debt repayments in response to the COVID-19 pandemic. The pause is scheduled to end on December 31, leaving Biden, who promised to fix the crisis on the campaign trail, with the choice to either continue Trump's...
Con 3: Discharging student loan debt would be only a temporary bandage for the much larger problem of inflated college costs. The U.S. already has several student loan forgiveness programs, and yet Americans are still in a student loan debt crisis. People who work in public service jobs can...
As the consequences of the student debt crisis add up, many ask: who is to blame? Deming says this is "a tough question." "A generation ago, there was a system that helped you not take on the risk yourself to pay for college education, but society took on the risk for you by maki...
When student loans default, the full amount owed becomes due immediately. If you can afford that, you can pay off your loans and be done with your debt. Of course, that won’t be possible for most borrowers. You may be able to negotiate astudent loan settlementfor less than you owe, ...
Over 43 million people in the US are in student loan debt. Collectively, they owe a staggering total of $1.26 trillion.
As you prepare to leave school, understand your particular situation, including credit card debt, a car loan or other debts. Managing student loan debt during the ongoing pandemic or any crisis brings its own set of challenges, even given CARES Act relief, so a little plan...
Cody Hounanian, program director of nonprofit advocacy group Student Debt Crisis, says the low federal student loan interest rates are good news but their tangible impact on borrowers will be limited. "New student loan borrowers are going to have the lowest rate in hi...
Critics suggest the administration’s approach addresses symptoms rather than the underlying causes of the student debt crisis, while supporters argue that strengthening loan enforcement is necessary for program integrity. As implementation details continue to emerge, both borrowers and policy experts are ...