#student-loans

#student-loans

The anger argument against student loan forgiveness posits that because federal student loan forgiveness would incite anger among some individuals, it becomes incorrect to proceed with it. This represents an appeal to anger fallacy, where emotion substitutes for actual evidence in forming an argument. Simply put, it erroneously assumes that anger is a valid measure of correctness.

Anger does not prove that something is unfair. People can be angry about fair situations or unfavorable situations that are not as unfair as they desire.

"It's been an evolution and the recognition that student loans are here to stay, and, quite frankly, that the student loan debt crisis is real," says Stacey MacPhetres, senior director of education finance for EdAssist by Bright Horizons, which offers tuition assistance and student loan repayment benefit plans.

TransUnion's analysis reveals a concerning trend: nearly two million student loan borrowers are at risk of defaulting this summer due to rising delinquency rates.

Nearly one in three federal student loan borrowers face the risk of default as delinquency rates reach alarming new heights, highlighting the urgent need for effective repayment strategies.

Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student loan payments for debt collection.

The Department has not offset any social security benefits since restarting collections on May 5, and has put a pause on any future social security offsets.

The U.S. economy is currently experiencing challenges including rising grocery prices, student loan repayments, unpredictable inflation, and a tough job market, creating financial strain for many.

"When you're only getting a thousand dollars a month, and you've got rent and you've got utilities, I just can't pay that much," Glod told Business Insider.

"For 22-year-old Sasha Holguin... it took months to get a job and that was at a coffee shop back in November. When I had just the one job..."

Many Americans could soon be bringing home lighter paychecks as the result of a Trump administration policy that officially went into effect this week.

For too long, insufficient transparency and accountability structures have allowed U.S. universities to saddle students with enormous debt loads without paying enough attention to whether their own graduates are truly prepared to succeed in the labor market.

"I felt like I finally made it," Burnett said, reflecting on her career trajectory and excitement about finally reaching a milestone after 13 years of hard work.