Tag: college

Student debt is keeping many Americans from becoming homeowners — and COVID didn’t help

While the pandemic has been economically devastating for many Americans, for others it hasn’t proved as destructive. Indeed, even when they weren’t receiving stimulus checks, Americans’ credit scores in 2020 rose to their highest level in more than a decade. But those with student-loan debt have had little opportunity to move ahead financially during the […]

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American credit scores have continued to climb — even without stimulus checks. Here’s why

In the second quarter of this year, Americans didn’t get a stimulus check, many were prevented from collecting an additional $300 a week in unemployment benefits — but you wouldn’t know that from looking at their credit scores. Americans’ average Vantage credit scores rose to 695 last quarter, a seven-point increase from the second quarter […]

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How debt enters students’ lives as early as kindergarten

Hello and welcome back to MarketWatch’s Extra Credit column, a weekly look at the news through the lens of debt. This week we’re examining the challenges of turning off the student loan system during the pandemic and a proposal for a different kind of unemployment benefits. But first up, how debt enters elementary and high […]

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Biden administration to cancel $1.1 billion in student debt for some borrowers who attended ITT, the defunct for-profit college

Roughly 115,000 student loan borrowers who attended ITT Technical Institute but left without a degree will have their federal student loan debt cancelled, resulting in $1.1 billion in relief, the U.S. Department of Education announced Thursday.  The loan cancellation is the latest fallout from the collapse of ITT, once one of the largest for-profit college […]

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Back to school with the threat of the delta variant — some parents are again calling for remote learning

Last fall, as large school systems across the country announced they wouldn’t be bringing students back to school in person, parents worried about the impact on their children’s educational progress and their own ability to work. Some clamored to bring students back to school buildings. Others — if they could afford it — sought alternatives […]

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