Education Jan 12 Some Americans will get student loans canceled in February as Biden accelerates his new plan By Collin Binkley, Associated Press
Politics Oct 30 Biden administration moves toward a narrower student loan relief targeting groups of borrowers The Biden administration is moving toward a narrower student loan relief plan that would target specific groups of borrowers rather than a sweeping plan like the one the Supreme Court rejected by the Supreme Court. By Collin Binkley, Seung Min Kim, Associated Press
Nation Aug 23 Watch 5:59 Who could benefit from the Biden administration’s latest plan to relieve student debt Student loan borrowers might find relief under the Biden administration’s income-driven repayment plan. Launched this week, the SAVE plan, which stands for saving on a valuable education, could help borrowers with the potential for lower or no monthly payments. But… By Geoff Bennett, Karina Cuevas
Education Jun 14 Watch 10:11 Borrowers face tough decisions as resumption of student loan payments approaches In just a matter of days, the Supreme Court is expected to rule on whether President Biden’s student debt forgiveness can go forward. It comes as the resumption of student loan payments approaches. Ahead of the decision, we hear from… By William Brangham, Karina Cuevas
Economy Jan 06 Watch 8:26 Fighting the debt trap of triple-digit interest rate payday loans Payday loans are supposed to be a short-term quick fix for those who can't get traditional credit. But the loans are rarely actually short-term, and borrowers frequently need to take out a second loan to pay off the first. Special… By PBS News Hour
Apr 13 Where Is the Bailout Money Hiding? Question: You did a great job explaining where the money for the bailouts comes from. Can you now tell us where, exactly, it is going? If there are so many trillions of dollars sloshing about, how come the… Continue reading
Jul 22 What is the future of home loans? Question/Comment: What do you think is the future of home loans: higher interest for lenders' safety or lower interest to attract borrowers? Paul Solman: You force me to trot out yet again what I once heard the late economist John… Continue reading
Feb 14 If I hear one more presidential (or candidate) speech about the imperative to rescue those poor subprime home owners, I will scream. Question/Comment: Paul, If I hear one more presidential (or candidate) speech about the imperative to rescue those poor subprime home owners, I will scream. Not one economist, not one candidate, no one ever addresses the painfully unregulated and rogue rental… Continue reading
Jan 17 Could you explain to us novices what long term effects will the subprime lending debacle have on our economy? Questions/Comment: Could you explain to us novices what long term effects will the subprime lending debacle have on our economy? What remedial measures need to be taken by the government and investors to limit the damage? Finally, which branch of… Continue reading
Oct 24 Watch Chicago Bank Takes Action Against Subprime Housing Crunch Chicago's ShoreBank has implemented a "rescue loan program" to help customers refinance home mortgages that may be in danger of default. A consumer advocate and a mortgage industry representative weigh in on how to best respond to the country's subprime… Continue watching