Author: Linda DiProperzio

Betsy DeVos Hints at Changes to Student Loan Forgiveness Program

Betsy DeVos, the President’s nominee for Secretary of Education, might be making some changes to a student loan forgiveness program already in jeopardy, according to Market Watch.During her confirmation process, DeVos was evasive in her written answers when asked about the Public Service Loan Forgiveness (PSLF) program. The question—asked by Senator Patty Murray, a Democrat from Washington—asked DeVos if she would be willing to protect the program. Instead of giving a set yes or no, DeVos wrote that she would execute the Higher Education Act and consider issues like sizable national student loan debt once Congress starts to address...

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University of Nebraska’s Student Senate Discusses Bill to Allow Student Loan Lobbying

The Association of Students of the University of Nebraska held its last senate meeting for January this week, discussing a bill that would allow the school’s Government Liaison Committee (GLC) to work for students regarding Bill LB433, according to The Daily Nebraskan.LB443, which is set to go through the state legislature soon, was created to help ease the student loan debt burden that many Nebraska students face upon graduation. LB433 would give employers a tax incentive to help recent graduates pay off student loans. Participating organizations would receive a tax credit equal to one-half of the amount of debt...

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Bill Introduced to Entice Teachers to Rural Idaho

Two legislators in Idaho introduced a bill that would forgive student loans for teachers in the state’s rural school districts, according to the Idaho State Legislature. Representatives Sally Toone and Paulette Jordan made the announcement on Wednesday, detailing a program that would hopefully entice teachers to accept jobs in rural areas of the state. The legislation would pay up to $12,000 in student loan debt over a four-year period. Toone, a retired teacher, pointed out that many of the schools in District 26, which includes Blaine, Lincoln, Camas and Gooding counties, often have a difficult time finding qualified teachers....

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Investors Excited About Trump’s Impact on Student Loans

Though not everyone is happy to welcome Donald Trump as the new president, investors are betting that his administration is going to good news for the private student loan industry, according to Market Watch. Currently, student debt exceeds $1.4 trillion, so there is plenty of money to be made if privatization becomes a reality.Despite recent lawsuits filed against its sister company Navient, Sallie Mae’s stock prices rose by more than 50 percent in the time between the election and the inauguration. Navient and Nelnet also saw growth – 18 percent and 26 percent, respectively – while Discover saw an...

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Trump’s Secretary of Education Pick DeVos Slammed for Her Lack of Knowledge on Student Loans

Betsy DeVos, Donald Trump’s nominee for Secretary of Education, has been making quite the impression during her confirmation hearings—and most of it is not positive.While DeVos has made some unexpected statements (such as suggesting that elementary schools might need guns in case of a grizzly bear attack), some of her biggest missteps has come when speaking about student loan debt.After she told the Senate Committee that student loan debt had grown 980 percent during the Obama administration, she was immediately challenged by Senator Al Franken of Minnesota—and he was right to question it. In fact, the big student debt...

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