Money made off the backs of students goes back into nonprofits to push college “access” and awareness of financial options.
Student Loans
Discuss: "The right has narrowed the parameters of discussion on student debt forgiveness. Biden is not fighting back aggressively enough."
The Federal government's unheard of profits on defaulted student loans confirms that the scheme is predatory. And defaults are set to rise.
“Kitchen table” issues were on the minds of our readers in 2022, though what was labeled as such was perhaps a bit broader than in the past. Supply chains—now firmly placed on the radar of Main Street—were the subject of the year’s top post by number of page views and accounted for three of the top five (we’ll consider them as one for this roundup). Student debt forgiveness and inflation were also in the news, drawing readers to our preview of various possibilities for the (subsequently announced) federal student loan forgiveness program and a quarterly update of a New York Fed economic forecast model. Posts on more technical topics were popular as well, including an update on the Federal Reserve’s balance sheet “runoff” and a discussion of stablecoins. Underscoring their broad appeal, the year’s top two posts rank among the top five in the history of Liberty Street, which dates back to 2011. Read on to see which posts resonated most with readers.