You Could Soon Use a Section 529 Plan To Pay Off Student Loans. Here’s Why That Might Be a Bad Idea.
You may soon be allowed to use Section 529 plans to pay up to $10,000 in student loan debt. Earlier this month, the House Ways and Means Committee unanimously passed a bill called the SECURE Act. That is, “Setting Every Community Up for Retirement Enhancement.” Among other things, this bill expands Section 529 plans to include […]
Understanding the Progressive Position on the Student Loan Debt Crisis
For years now, the progressive political movement has been gaining its foothold on the main stage of modern American politics, and finally, we are starting to see some real strides being made towards addressing the student loan debt crisis in a manner that benefits the people of this country and not the banks and private […]
Sen. Elizabeth Warren’s Student Loan Forgiveness Proposal
The student loan crisis is taking center stage in the 2020 presidential election campaign. The numbers are attention-grabbing: student loan debt is now the second biggest form of outstanding consumer debt. With more than $1.5 billion in student loans debt outstanding, education debt eclipsed credit card debt almost a decade ago. Only mortgage debt is […]
Sen. Marco Rubio Student Loan Plan Benefits Vast Majority of Future Borrowers
Senator Marco Rubio (R-Fla.) has jumped into the student loan policy ring with a series of new proposals, introduced in the Senate as the Leveraging Opportunities for Americans Now Act of 2019 — or the LOAN Act <groan>, for short. Here’s a brief look at the Marco Rubio student loan proposal and how it will […]