Calls are mounting for governments to pay reparations for slavery, colonialism and other crimes, but such projects are often dismissed as unworkable. New research explores the options for making reparations a reality, including debt cancellation and redirecting financial sanctions. Debt relief is one of the most viable ways to deliver restitution to African countries in
The Biden administration announced Wednesday that it is canceling another $7.7 billion in student loans held by 160,000 borrowers. The latest round of debt cancellation means the administration has now forgiven $167 billion worth of student loans, in an effort that the White House says has benefited 4.75 million people, or more than 10% of
(NewsNation) — A sticking point in a federal program that ended in 2010 may leave many who sought student loan forgiveness twisting in the wind. The Federal Family Education Loan (FFEL) program worked with private lenders to provide education loans guaranteed by the federal government. That program, however, ended more than a decade ago, and