Tag: student loans
The pause in federal student loan payments during COVID has been a golden opportunity to chop down the debt. In March 2020, Congress stopped charging interest on the loans when it suspended the monthly payments. The moratorium is slated to continue through June. The zero-interest loan means inflation actually eroded the value of the debt,…
Numerous articles have appeared here in recent months about the ways that racial disparities are infused into our financial and economic systems. Two barriers to Latinx and Black workers’ ability to save, for example, are less health insurance coverage and more burdensome student loan payments than White workers have. Or consider the different long-term housing…
