This policy change would replicate how the government resolved the Latin American debt crisis of the 1980s — by negotiating steep discounts from the bank lenders, which allowed countries to repay much lower amounts, restoring their credit ratings. We should borrow from that experience.
student loans
Posted inEducation
Don’t compound the problems of student loan debt
AT THE BEGINNING of 2022, Zero Debt Massachusetts set as legislative priority passage of a bill to block any state agency or board of registration from denying or revoking any […]
Posted inOpinion
Forgiving student loans is not the best policy
ANY DAY NOW, President Biden is expected to make an announcement that his administration will be cancelling up to $10,000 in college student loan debt for each borrower. A lot […]
Posted inEducation
Navient will repay Mass. student borrowers $43.2m
MASSACHUSETTS STUDENT loan borrowers whose private loans were serviced by Navient will get $41 million of those loans forgiven, under a national settlement announced Thursday by Attorney General Maura Healey. […]
