Oddbean

Americans expect more student-debt forgiveness in NY Fed survey ========== The average perceived likelihood of a year-ahead increase in federal student debt forgiveness rose to 39% in April compared to 28.7% in December, according to a survey conducted by the Federal Reserve Bank of New York. The expectations for federal student debt forgiveness were highest among older Americans, with the share of consumers age 45 and older anticipating more relief rising sharply. Over 10% of Americans with federal student loans have been approved for some measure of debt relief under President Joe Biden. Roughly 43 million Americans owe $1.6 trillion in student debt. Missed federal student loan payments will not be reported to credit bureaus until the fourth quarter of this year. The US Department of Education announced that interest rates on federal student loans for the upcoming academic year will be the highest in more than a decade. https://theedgemalaysia.com/node/713417