Tag: US news

Student loan crisis threatens the American dream for a generation

Forget the picket fence. Rising tuitions and official policy fueled a trillion-dollar debt crisis. Could congressional action help? With $60,000 in student debt, Cameron Vigil does not expect to marry or start a family anytime soon, or even to afford more basic living expenses. Its definitely been holding me off on buying a car or

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Teacher shortages worsening in the majority of US states, the study reveals

Exclusive: Guardian survey shows schools turning to underqualified graduates to put more teachers in the classroom Teacher shortages are worsening across the US for the majority of states, according to an exclusive survey by the Guardian. The Guardian contacted all US states departments and boards of education and other official bodies. Forty-one states responded; nine

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Top US student loans official resigns over ‘open hostility’ from White House

In his resignation letter, Seth Frotman said Trumps budget director was serving the most powerful financial companies   The governments top official overseeing the $1.5tn student loan market resigned in protest on Monday, citing what he says is the White Houses open hostility toward protecting the nations millions of student loan borrowers. Seth Frotman will

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Deceased and still in debt: the student loans that don’t get forgiven

Its not clear how many deceased students Navient is chasing for money but the company has been riddled with controversy   In 2005, Sean Bennett took out a student loan with Sallie Mae, in 2010 he graduated from college and in 2011, when Sean was 23 years old, he died in a car accident. At

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Hundreds arrested as activists pick up where Martin Luther King left off

The Poor Peoples campaign kicked off 40 days of nonviolent protest on Monday, reviving Kings anti-poverty efforts and demanding action Hundreds of low-wage workers, faith leaders, civil rights organizers and liberal activists were arrested in demonstrations in Washington and in cities across the US on Monday as they resumed the work Martin Luther King left

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Republicans voice opposition to Trump’s budget: ‘Dead on arrival’

The presidents plan to reduce spending ran into some conservative opposition, in addition to criticism from Democrats, for cuts to Medicaid and other programs Donald Trumps proposal to reduce spending by $3.6tn, mostly by slashing antipoverty programs that provide social safety nets for the poor, ran into bipartisan opposition on Capitol Hill, where a number

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Billionaire Betsy DeVos wants to scrap student debt forgiveness. Surprised? | Jamie Peck

The plan by the secretary of education represents the Trump administrations multi-part assault on public education and the non-rich When Donald Trump appointed Betsy DeVos secretary of education, Americas school-going people worried it was only a matter of time before she brought back debtors prison for student loan defaulters and subcontracted out K-12 education to

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Mohamed El-Erian: We get signals that the system is under enormous stress

Leading economist and investor believes world leaders, and global capitalism, have reached fork in road between equality and chaos The bad news is that another economic crisis could strike within two years. The good or better news is that such a shock is not nailed on. Its a 50% chance. But the developed world is

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Nicki Minaj offers to pay students tuition after fan asks for help on Twitter

The rapper said she would pay international airfare for contest winners, so a US student asked for help with tuition. Six minutes later, Minaj tweeted her offer Nicki Minaj was getting all the credit, with Twitter humming around the world in praise of her decision to spend thousands of dollars of her own money helping

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