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3 mins read
House Republicans are moving forward with a bill that would overhaul student-loan repayment and make it harder for Biden to get relief to borrowers
Republicans on the House education committee are marking up a bill to cap the borrowing of some stu…
Ayelet Sheffey
2 mins read
For-profit colleges have a 'fraudulent' history and won't get access to increased federal grants in Biden's economic agenda - but 13 Democrats worry that will hurt students the most
Rep. Bobby Scott wants to put an end to bad behavior by for-profit schools and crafted a provision …
Ayelet Sheffey
2 mins read
Biden's top student-loan official vows students defrauded by defunct for-profit colleges will get help - and top execs will pay the price
Federal Student Aid head Richard Cordray told Rep. Bobby Scott that execs of schools like Corinthia…
Ayelet Sheffey
2 mins read
A top Democrat wants to make them pay. All the executives behind defunct for-profit schools, that is.
For-profits have a history of "fraud, abuse, and mismanagement," House Education Chair Bobby Scott …
Ayelet Sheffey
2 mins read
Pressure mounts on Biden to extend the student-loan payment freeze as 2 top Democrats join the effort
The chairs of the House and Senate education committees urged Biden to extend the student-loan paym…
Ayelet Sheffey
2 mins read
Student-loan borrowers aren't waiting for payments to resume to start paying off their debt
Student-loan borrowers have been repaying their debt before payments resume in October. The Educati…
Ayelet Sheffey
2 mins read
House Democrats unveil draft of stimulus measures, which include a minimum wage increase and $130 billion for reopening K-12 schools
A minimum wage increase, funding for reopening schools, and extended food benefits are included in …
Ayelet Sheffey
2 mins read
The GOP is moving forward with a bill that would force student-loan borrowers into 'payments they can't afford' by blocking Biden's new repayment plan, a top Democrat says
Republicans started marking up a bill to repeal Biden's new SAVE student-loan repayment plan. Rep. …
Ayelet Sheffey
3 mins read
How Bernie Sanders hopes to make the $15 minimum wage a reality - whatever happens with Joe Biden's stimulus
"This is not a radical idea. This is what the American people want," Sen. Bernie Sanders says. A ne…
Juliana Kaplan
2 mins read
Top Democrats introduce a bill to raise the minimum wage to $15 by 2025, raising pay for 32 million Americans
Top Democrats introduced the Raise the Wage Act of 2021 on Tuesday, which would gradually raise the…
Ayelet Sheffey
3 mins read
Companies withhold billions in wages annually through unpaid tips and overtime. Some lawmakers now demand stricter penalties.
In 2022, workers in low-paid sectors faced numerous wage theft cases, reclaiming millions in unpaid…
Juliana Kaplan
3 mins read
Student-loan borrowers need more 'individual responsibility,' a top GOP lawmaker says as the House advances a bill to block Biden's debt cancellation
The education committee sent the GOP bill to block student-debt cancellation and end the payment pa…
Ayelet Sheffey
3 mins read
Bernie Sanders just introduced a bill that would raise the minimum wage to $17 an hour
"There are millions of workers in this country who are working literally on starvation wages," Sen.…
Juliana Kaplan,Ayelet Sheffey,Eliza Relman
3 mins read
Senator Patty Murray says it's impossible to keep the economy growing without affordable, well-paid childcare
"Employers need workers, and they know that unless we fix the childcare system, they won't have the…
Juliana Kaplan
2 mins read
Canceling student debt for millions of borrowers 'cheated by for-profit colleges' isn't enough, Biden's Education Department says — it's time for the top executives to pay up
The executives of for-profit colleges that caused borrowers' student debt to spiral need to be held…
Ayelet Sheffey
2 mins read
Student-loan borrowers with graduate school debt should get more relief under Biden's new proposal to make monthly payments cheaper, a top Democratic lawmaker says
Biden's new income-driven repayment proposals "can go farther" in helping student-loan borrowers af…
Ayelet Sheffey
2 mins read
69 Republican lawmakers call for Biden's student-loan repayment and forgiveness proposals to be 'rescinded,' blasting them as 'blatantly illegal' and 'a smack in the face of taxpayers'
"This administration knows full well that it cannot wave a magic wand and cancel student loans," Re…
Ayelet Sheffey
2 mins read
Biden's big pandemic stimulus bill is still helping prop up pension funds nearly 2 years after it was passed
The Biden administration said that funding from the American Rescue Plan just helped save 350,000 m…
Juliana Kaplan
2 mins read
JPMorgan's Jamie Dimon slams Biden's student-loan forgiveness as 'badly done' and 'didn't fix the problem which will now be ongoing'
"I wish they had targeted the people who actually needed help," the bank's CEO told lawmakers of Bi…
Ayelet Sheffey
2 mins read
Josh Hawley introduces a bill to hold colleges accountable for surging student debt instead of 'teaching nonsense like men can get pregnant'
Hawley's bill would require colleges to pay 50% of any student loan that's in default and expand ba…