Republican Governors Just Sent Biden a Letter About Student Debt Relief That Misses the Point
Protestors outside the Education Department in April called on Joe Biden to cancel student debt.Allison Bailey/AP Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.In a letter sent to the president on Wednesday, nearly half of American governors—all Republican—voiced their opposition to Biden’s student loan forgiveness plan,…
Federal Reserve Chair Says Fighting Inflation Will “Bring Some Pain to Households and Businesses”
Federal Reserve Chairman Jerome Powell speaks at a press conference in Washington on July 27, 2022. Kyodo/AP Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.During a closely watched speech on Friday morning, Federal Reserve Chair Jerome Powell made it clear that there’s still work to be…
No, Student Debt Relief Won’t Stoke Inflation
It’s simple: without all that debt, you won’t be able to afford things.Mother Jones illustration; Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.On Wednesday, President Biden announced his much-anticipated plan to lighten the $1.6 trillion student debt burden that hangs over 45 million borrowers. Under…
The Biden Administration Just Announced Sweeping Student Loan Debt Cancellation
You’re welcome, fellow kids.Shawn Thew/Pool/CNP/Zuma Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.More than two years after Joe Biden first floated the idea on the campaign trail, the president finally announced a sweeping student loan forgiveness plan that will relieve the debt burdens of millions of…
The Education Department Just Took Its Biggest Debt Cancellation Step Ever
Students wait outside an Everest College campus in California for information in 2015, after the school’s owner, Corinthian Colleges, closed all of its campuses amid fraud allegations.Christine Armario/AP Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.Late on Wednesday evening, the Education Department announced…
The Fight for Student Debt Relief Started a Decade Ago—at Occupy Wall Street
Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.As a 28-year-old art student, Thomas Gokey convinced the Federal Reserve to give him bags of shredded currency worth $49,983, the exact amount of his ballooning student loan debt. He had a plan to use the…