September 17, 2024
Back to School: Shedding Light on Risks and Harm in the Private Student Lending and Servicing Market
At present there are more than 1.74 trillion dollars in student loans outstanding in the US economy. This is a massive amount of money that represents serious liabilities for millions of borrowers across the United States who are grappling with the process of repayment. This massive amount of outstanding debt also represents a tremendous liability…
September 11, 2024
Doing Right by Kids: A Book Event
Event Summary On September 11, AEI’s Scott Winship gathered distinguished experts to launch the new edited volume Doing Right by Kids: Leveraging Social Capital and Innovation to Increase Opportunity, a call to increase opportunity and upward mobility for children from poor families. The first panel focused on the importance of place. Panelists discussed how to contextualize…
April 9, 2024
Biden Knows Student Loan Cancellation Is a Bad Idea
This morning, President Biden announced new details about the latest effort to cancel student debt that he says will reduce balances or completely cancel student debt for over 30 million Americans. First, he plans to cancel up to $20,000 of accumulated unpaid interest, regardless of the borrowers’ income. Second, the administration plans to automatically cancel debt for…
March 28, 2024
Federal Student Lending is Beyond Repair
The integrity of the federal student loan program has been in precipitous decline since early 2020, when then-President Trump responded to the Covid-19 pandemic by putting a pause on student loan repayment. In retrospect, that move was the first domino to fall in a string of policy changes, culminating in the implementation of President Biden’s…
January 15, 2024
The Economy Is Good. Why Do Consumers Feel So Bad?
As we approach another federal election cycle, there will be a lot of talk about the state of the economy. Are Americans better off, economically speaking, than they were when President Biden took office three years ago? Despite our having lived through a pandemic and the resulting unprecedented economic shocks, it still should be a…