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Education

DeVos plans to block assistance for victims of student loan fraud

DeVos and the Department of Education don’t plan on forgiving the entire debt of students defrauded by now closed, for-profit colleges and technical programs. The Obama administration forgave the entire debt of all students who were found to be victims of fraud under the “borrower’s defense” rule. Former President Obama canceled over $550 million in loans paid by tens of thousands of students to for-profit schools that are now defunct. If DeVos goes ahead with

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People with student loan debt have physical, stress-related ailments

Years after being labeled the state with the highest per capita student loan debt, Georgia is seeing student debt and college dropout rates continue to increase. Every year student loan debt is preventing many Georgians from buying houses, putting money into savings, and making financial investments. These financial repercussions are crippling, but a recent study by Student Loan Hero found that the physical results of student loan debt are even harder to deal with. “Debt

Economy

Locking in unaffordable tuition won’t make it affordable

Rep. Rick Jeffares, a state senator from Henry County, is proposing a plan that attempts to reduce college costs for Georgia students. The plan would lock in tuition for incoming freshmen during their next four years at school, preventing hiking tuition rates as students work on their degrees. But is simply locking the exorbitant price of tuition enough to help students? Median federal loan debt for Georgia students seeking a bachelor’s degree has more than

Student Loan Debt

How will Trump deal with student debt? 80 percent say “not well”

Student loan debt is a huge problem for Americans. About 40 million Americans have student loans and 70 percent of Americans with a bachelor’s degree graduated with debt. The current combined outstanding U.S. student debt is $1.3 trillion. Although Trump proposed debt forgiveness after 15 years and capping student loan payments at 12.5 percent of the borrower’s income, many Americans fear that he won’t deliver. In a recent study about how Trump policy would affect