Jillian Berman
Jillian Berman
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‘I know it’s coming, I’m going to have to pay’ — Borrowers brace for the return of student loan payments

‘I know it’s coming, I’m going to have to pay’ — Borrowers brace for the return of student loan payments

Like many who borrow money to pay for school, Sandra Hinz planned to use her student loans and the education they financed to improve her job and earnings prospects. She’d worked for years in administrative roles in medical offices, an experience that inspired her to study to become a medical assistant to enhance her skills and opportunities. “I just loved what I was doing,” Hinz said. “I wanted to make a little bit more money an hour than I was making, I wasn’t looking to be a millionaire by any means.” But Hinz, 61, didn’t get that chance. In the middle of her schooling, Hinz’s son was in...

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Jillian Berman
3d ago
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President-elect Joe Biden has signaled he’s open to canceling student-loan debt — the question is when and how much

President-elect Joe Biden has signaled he’s open to canceling student-loan debt — the question is when and how much

Activists, advocates and scholars have been arguing for years that cancelling student-loan debt would provide an economic stimulus, — and that the president has the authority to do it.  Now it’s looking more likely than ever that he will. Earlier this fall, Democratic Senators Chuck Schumer and Elizabeth Warren introduced a resolution cancel up to $50,000 in student debt. Schumer for that proposal in an interview with author Anand Giridharadas, arguing that student debt cancellation could be part of a suite of FDR-style proposals in the first 100 days of a Biden administration.  “We believe...

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Jillian Berman
Nov 9
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Netflix CEO’s $120 million donation to historically black colleges highlights inequities in college funding

Netflix CEO’s $120 million donation to historically black colleges highlights inequities in college funding

Several times a year, for a donation to a university. These gifts, which can reach into nine figures, are almost the exclusive purview of institutions with huge endowments and relatively large populations of white and wealthy students.That changed Wednesday when Reed Hastings, the chief executive officer of Netflixand his wife Patty Quillin, split evenly between the United Negro College Fund, a scholarship foundation for black students and private historically black colleges and universities, and Spelman and Morehouse colleges, two private HBCUs in Atlanta, Ga.At a time when the nation is...

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Jillian Berman
Jun 20
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New bill on students pledging future income ‘an open license for discriminatory financing’

New bill on students pledging future income ‘an open license for discriminatory financing’

With the nation’s student-debt load at $1.5 trillion and growing, presidential candidates, higher education leaders, borrower advocates are looking for ways to slow its climb. Amid this backdrop, an idea first proposed in the 1950s is being hailed by industry, philanthropists and some higher-education leaders as a partial solution to our student-loan problem. But to consumer advocates and even U.S. Senator and Democratic presidential candidate Elizabeth Warren, this same idea runs the risk of discriminating against women and students of color, and tying students to a financial product...

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Jillian Berman
Aug 5
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