Connect with us

International

Students in America Lament Loan Burden

Published

on

413 Views

Americans are currently lamenting about the student loan burden which some students are kicking against.

If the United States Supreme Court had not overruled President Joe Biden’s programme to cancel billions of dollars in student debt, Satra D. Taylor, who borrowed $40,000 to complete her studies, could have seen that amount reduced by half.

Now the 27-year-old – who used the loan to study at the University of Michigan, supplementing a scholarship and other financial aid – is back on the hook for the whole sum.

“We created this unjust, inequitable, expensive, higher education system and so we need to redress it,” she told AFP, standing before the high court.

Biden’s forgiveness programme was meant to lift more than $400 billion in student debt weighing down the lives of millions of lower and middle-income Americans.

Certain borrowers would have been eligible to receive $20,000 in cancellations, while the vast majority were eligible for $10,000.

But the court overruled the programme Friday, stating that given the large sum, the president had overstepped his powers.

“Any American who wants to pursue higher education should be able to do so,” Taylor said.

“We have students now who have not acquired the generational wealth to pay for their cost of college, it needs to be debt-free,” added Taylor, who works for the youth advocacy group Young Invincibles.

Taylor said she was not surprised given the Supreme Court’s conservative majority, which on Thursday banned the use of affirmative action in university admission policies.

Taylor, who is African American, said the loan forgiveness decision was a setback for Black and Latino students who “would have disproportionately benefitted from this relief.”

“This is absolutely not only a social justice issue, but also a racial equity issue.”
– ‘Future generations’ –
Mina Schultz, 37, who borrowed approximately $65,000 for her studies, emphasized the impact student debt has on the entire economy.

When the pandemic hit and student loan repayments were frozen, it was “a blessing,” she told AFP from outside the Supreme Court.

People were “able to contribute more to the economy” by spending money elsewhere, whether on food as prices surged due to inflation or on things like rent, the George Washington University graduate said.

Schultz would have benefited from $10,000 in debt cancellation, which “would have been really helpful.”

That sort of money “is a huge deal to a lot of people,” said Schultz, who will be forking over some $340 per month when payments resume in several months.

Enjoying a seemingly debt-free life during the repayment pause, she was able to move out of her studio apartment and into a one-bedroom unit.

Nearby, Shanna Hayes, 34, could not contain her emotion as she spoke before several cameras: Her debt, originally $130,000, now exceeds $150,000 due to compounding interest that has accrued over the past 11 years.

“I ask you to remember that the student debt crisis impacts our grandparents, parents… children and future generations,” she told the reporters.

AFP

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

International

UN Rights Chief Calls for Independent Probes into Deadly Airstrikes in Nigeria and Chad

Published

on

46 Views

The United Nations High Commissioner for Human Rights, Volker Türk, has urged Nigerian and Chadian authorities to launch prompt, thorough, independent, and impartial investigations into two recent airstrikes that killed dozens of civilians.

In a statement issued Wednesday, Türk expressed concern over reports that Nigerian airstrikes on a market killed at least 100 civilians, while separate Chadian airstrikes in the Lake Chad region left dozens of Nigerian fishermen dead or missing.

“It is crucial that both Nigerian and Chadian authorities conduct prompt, thorough, independent and impartial investigations into these disturbing incidents and ensure that those responsible for any violations are held to account, in accordance with international standards,” Türk said.

The incidents highlight the ongoing risks to civilians in the Lake Chad Basin amid intensified military operations against Islamist militants, including factions linked to Boko Haram and ISWAP.

In one case, Nigerian military jets reportedly struck a market in Jilli village, Yobe State, an area allegedly used by insurgents. Local reports and rights groups indicated heavy civilian casualties, prompting Nigeria to order its own investigation while defending the operation as targeting militant strongholds.

Separately, Chadian forces carried out retaliatory airstrikes on Boko Haram positions in the Lake Chad region. Fishermen’s leaders reported that more than 40 Nigerian fishermen were feared dead — some killed directly in the strikes and others drowning while fleeing in overloaded boats. No official casualty figures have been confirmed by authorities in either country.

The UN rights chief’s call underscores growing international pressure for accountability in counter-terrorism operations that have increasingly impacted civilian populations in the volatile region.

Both Nigeria and Chad face persistent security challenges from militant groups operating across borders, with operations often conducted in remote areas where distinguishing between combatants and civilians remains difficult.

Further details on the investigations and any accountability measures are expected in the coming weeks.

Continue Reading

International

Americans lament soaring inflation driven by U.S.-Israeli war with Iran

“Prices are going up everywhere you look and families everywhere are struggling to keep up,” said Janelle Jones, a visiting senior fellow at the Century Foundation.

Published

on

By

49 Views

May 12 (Reuters) – U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican party ahead of November’s midterm elections.

The back-to-back rises in the Consumer Price Index reported by the Labor Department on Tuesday, reflected strong gains in the costs of energy products amid the U.S.-Israeli war with Iran. ‌

Food prices surged last month and inflation also spilled over to the services sector, with higher rental costs and airfares.

Trump won re-election in 2024 in large part because of his promise to reduce inflation, but Americans have soured on his handling of the economy and many blame him for the pain at the pump.

Rising inflation outpaced wage gains for the first time in three years, and underscored the financial strain on households.

With no end in sight to the conflict, economists warned prices would continue to push higher and broaden in the months ahead.

Trump on Monday proposed reducing the 18.4-cent federal gasoline tax to lower prices at the pump.

“Prices are going up everywhere you look and families everywhere are struggling to keep up,” said Janelle Jones, a visiting senior fellow at the Century Foundation.

“Measures like suspending the gas tax will provide short-term relief, but it’s robbing Peter to pay Paul. What families really need is an ⁠end to this war and leaders that are committed to ending the affordability crisis.”

The CPI increased 0.6% last month after surging 0.9% in March, the Labor Department’s Bureau of Labor Statistics said.

Economists polled by Reuters had forecast the CPI rising 0.6%. Estimates ranged from a 0.4% gain to a 0.9% increase.

The moderation after posting the largest increase since June 2022 was mechanical. Oil prices shot above $100 a barrel in March following strikes against Iran, before pulling back to still-high levels after a ceasefire in early April.

While the conflict’s impact was immediately reflected in more expensive gasoline, diesel and jet fuel, economists said the second-round effects were around the corner, including for goods trucked by road. Shipping disruptions in the Strait of Hormuz are straining supply chains.

A 3.8% increase in energy prices accounted for more than 40% of the rise in the CPI last month.

That followed a 10.9% jump in March. Gasoline prices rose 5.4% after a record 21.2% surge in March. Other motor fuels, which include diesel, increased 17.0%.

Consumers also paid higher prices for electricity amid strong demand from data centers to power artificial intelligence.

Food prices accelerated 0.5% after being unchanged in March.

Grocery store inflation shot up 0.7%, the largest increase since August 2022.

Beef prices increased 2.7%, the most since November 2024. Coffee prices rose 2.0%.

Fruits and vegetable prices climbed 1.8% while nonalcoholic beverages cost 1.1% more. There were also strong increases in the prices of dairy and eggs.

Continue Reading

International

Uganda’s President Museveni sworn in for seventh term

Museveni, born 1944 in Mbarra district area of Uganda has served as president since 1986.

Published

on

By

41 Views

Yoweri Museveni has been sworn in for his seventh term as President of Uganda on May 12, 2026, at the Kololo Independence Grounds in Kampala, following his victory in the January 2026 elections.

Museveni won with 71.65 percent of the vote, defeating his main challenger, 43-year-old Bobi Wine, who received 24.72 percent of the vote, according to the official results.

The 81-year-old leader took his oath for another five-year term, continuing his tenure as one of Africa’s longest-serving leaders.

Museveni, born 1944 in Mbarra district area of Uganda has served as president since 1986.

Continue Reading

Trending