Democrats in the House and the Senate have introduced bills that call upon President Biden to forgive student loan debt, which they argue is widening the racial and gender wage gaps and exacerbating the economic problems already worsened by the pandemic.
Maryland Attorney General Brian Frosh and a coalition of state lawmakers have asked U.S. Education Secretary Betsy DeVos why so many people are being denied by the federal Public Service Loan Forgiveness program.
WASHINGTON – With student loan debt numbers at a historic level, the Federal Reserve reports that home ownership rates are dropping as a result. The nationwide home ownership rate has dropped noticeably since 2005, particularly among young Americans. In the…
The state’s Financial Education Commission voted to endorse legislation to safeguard students from defaulting on their student loans.
Many of the reasons loans have increased is because the price to attend college, even at state schools that subsidize costs for some students, has also increased, including in Maryland.
An easier, more intuitive method of tracking student debt information was unveiled by Rep. John Sarbanes, D-Towson.
The average college graduate in Maryland had $21,750 in student loan debt in 2010, according to the report by the Institute for College Access & Success’ Project on Student Debt, a nine percent increase from the year before.