• Is 'learn now, pay later' just another student debt trap

    5 days ago - By Chron

    The “ buy now, pay later ” transaction is simple: Shoppers are offered an installment loan at the point of purchase, spreading the cost of the product across several payments. They're often available without a credit check.
    Buy now, pay later financing has become a go-to payment method at most major retailers for everything from clothing and cosmetics to computers and patio furniture. Now, it's gaining traction for an even bigger expense: higher education.
    Buy now, pay later is an appealing, flexible financing concept, but customers who can't keep up with payments can end up with late...
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  • 200,000 student-loan borrowers are getting their debt wiped out through a settlement with Biden's Education Department

    5 days ago - By Business Insider

    U.S. Education Secretary Miguel Cardona delivers remarks at the department's Lyndon Baines Johnson Building on January 27, 2022 in Washington, DC. Cardona laid out the department's priorities almost one year after being sworn in as head of the $64 billion agency. Chip Somodevilla/Getty Images
    Education Sec. Miguel Cardona reached a settlement with thousands of student-loan borrowers.
    200,000 borrowers who say they were defrauded will get full relief, and others will receive a written decision.
    This closes a years-long lawsuit that began under Betsy DeVos over stalled relief...
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  • The $1.7 trillion student debt crisis was caused by 'deliberate policy decisions' that Biden can reverse with loan forgiveness, Elizabeth Warren says

    5 days ago - By Business Insider

    . U.S. Sen. Elizabeth Warren speaks on student debt at the AFL-CIO on June 22, 2022 in Washington, DC. The AFL-CIO held an event to discuss “the importance of student debt cancellation for American workers.” Alex Wong/Getty Images
    Sen. Elizabeth Warren said the student debt crisis was caused by "deliberate policy decision."
    She referenced tax cuts that Democrats have criticized in the past for favoring the rich.
    Biden is nearing a decision on relief that will likely be announced in July or August.
    Massachusetts Sen. Elizabeth Warren believes policy is to blame for the $1.7 trillion student...
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