Democrats in Congress pressure Biden to address student loan debt crisis

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.

Md. lawmakers, AG question DeVos on loan forgiveness program

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.

Rising student loan debt hurts housing market, Fed says

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…

State commission offers help to those trying to pay off student loans

The state’s Financial Education Commission voted to endorse legislation to safeguard students from defaulting on their student loans.

College becoming less affordable for Maryland students

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.

MD Congressman Calls Attention to Streamlined Student Loan Tracker

An easier, more intuitive method of tracking student debt information was unveiled by Rep. John Sarbanes, D-Towson.

Maryland Graduates in More Debt Than Ever Before

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.

Maryland Student Loan Defaults Increase

The percentage of borrowers in the state that defaulted on their federal student loans within the first two years of repayment rose from 6.7 percent in 2008 to 7.8 percent in 2009.