The Institute for Fiscal Studies has warned that official statistics are understating the true cost of the student loans system, used by 1.5 million students.
Americans are struggling under a record $1 trillion in credit card debt, a recent report by the Federal Reserve Bank shows. Meanwhile, credit card interest rates are at historic highs.
The Biden administration will cancel $130 million in federal student loans for 7,400 borrowers who attended a now-defunct college in Colorado, the Education Department said on Tuesday.
The Institute for Fiscal Studies has warned that official statistics are understating the true cost of the student loans system, used by 1.5 million students.
Americans are struggling under a record $1 trillion in credit card debt, a recent report by the Federal Reserve Bank shows. Meanwhile, credit card interest rates are at historic highs.
The Biden administration will cancel $130 million in federal student loans for 7,400 borrowers who attended a now-defunct college in Colorado, the Education Department said on Tuesday.