The US government was praised for canceling $415 million in student debt for victims of for-profit college fraud. But the Biden administration has been criticized for failing, so far, to change student loan bankruptcy rules. | Analysis by zbyronwolf
A version of this story appeared in CNN's What Matters newsletter. To get it in your inbox, sign up for free here.
I went to Katie Lobosco, the CNN writer who covers student loans, for a better understanding of how much student debt exists, who holds it, and what else the government might do about it.Our emailed conversation, edited slightly, is below.Read MoreA massive pile of debtWHAT MATTERS: First, can you lay out how big of an issue student debt is in the US? How much is owed and by how many people?LOBOSCO: It's big. Americans owe nearly $1.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden asked Macron to make offer of Putin-Biden summit to Putin -French officialU.S. President Joe Biden had asked French President Emmanuel Macron to make the offer of a summit between Biden and Russian President Vladimir Putin to Putin, said an official from the French Presidency.
Read more »
Biden pressured by the Left on student loansThe student loans debate is the latest issue in which President JoeBiden finds himself caught between the Democratic Party's centrist and liberal wings.
Read more »
How the Biden Administration is changing federal student loan policies without canceling debtPresident Joe Biden campaigned on canceling student debt. While he hasn't taken direct action, the White House has made a few key changes to make student debt more manageable. However, he faces pressure to do more.
Read more »
Biden Climate-Change Spending May Help Watsonville Levee ProjectPres. Biden promised that 40% of the benefits of federal investments in areas such as climate change that can increase flood risk would flow to disadvantaged communities like the Pajaro River Flood Risk Management Project near Watsonville.
Read more »
Russia-Ukraine live updates: Biden, Putin agree to summit later this weekPres. Biden and Russian Pres. Putin have agreed to a summit 'in principle,' with one major condition: that Russia does not invade Ukraine.
Read more »