President Biden's first student loan forgiveness plan lasted 10 months from its proposal to death by Supreme Court. His next one could take much longer to even implement, let alone challenge. The new plan will be subject to a lengthy rulemaking process under the Higher Education Act (HEA), potentially leaving the fate of relief up in […]

Much of that momentum will soon backtrack. Goldman Sachs has forecast that the Supreme Court's decision would drive the Personal Consumer Expenditures Index (PCE) down by two-tenths of a percent. In other words, consumers will cut back their expenses, which means less cash flow to stimulate the economy. In fact, according to a recent survey […]

The Lowering Education Costs and Debt Act, introduced on Wednesday by a group of Senate Republicans, would require colleges to provide clearer information about their costs, while prospective students would receive information about their likely loan repayment burden compared with their projected income. The legislation would also cap borrowing for graduate students, with the lawmakers arguing […]