skip to main content
skip to newscasts

Thursday, September 21, 2023

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Young people in Georgia on the brink of reshaping political landscape; Garland faces down GOP attacks over Hunter Biden inquiry; rural Iowa declared 'ambulance desert.'

view newscast page
play newscast audioPlay

McConnell warns government shutdowns are "a loser for Republicans," Schumer takes action to sidestep Sen. Tuberville's opposition to military appointments, and advocates call on Connecticut governor to upgrade election infrastructure.

view newscast page
play newscast audioPlay

An Indigenous project in South Dakota seeks to protect tribal data sovereignty, advocates in North Carolina are pushing back against attacks on public schools, and Arkansas wants the hungriest to have access to more fruits and veggies.

Kentuckians Under “Crippling” Financial Stress from Student Loan Debt

play audio
Play

Tuesday, June 7, 2022   

Kentuckians collectively owe more than $20 million in student loan debt, and a new informal survey sheds light on how hefty student-loan payments affect the lives of borrowers in the Commonwealth.

Research from the Kentucky Center for Economic Policy found nearly one in five residents owe student debt, including 20,000 people at or near retirement age.

Ashley Spalding, research director at the Center, said the situation is preventing many individuals from purchasing a home, starting a business, or accessing health care.

"Wages aren't going up that much, and the cost of college is skyrocketing, and interest rates have been high on these loans," Spalding explained.

The U.S. Department of Education estimates within the past year it has canceled more than $17 billion in debt for more than 700,000 borrowers. The Biden administration's pause on student-loan repayment is set to expire August 31. Experts said it remains unclear whether the pause will be extended into the fall.

Celine Mutuyemaria, a Louisville resident, said she currently has more than $100,000 in student loan debt, and said her financial situation is affecting her mental health.

"It affects me in a number of ways," Mutuyemaria pointed out. "I actually have a lot of anxiety about if and when student loan repayments are going to restart."

She added her student loans negatively affect her credit score, which is a barrier to her dream of owning a home.

"I think that homeownership feels really out of sight for me right now because of the burden of my student loans," Mutuyemaria lamented.

The White House also recently announced it would cancel the student loans of all former Corinthian Colleges students, after investigations revealed the for-profit colleges defrauded students, the most significant loan discharge by the federal government to date.

Disclosure: The Kentucky Center for Economic Policy contributes to our fund for reporting on Budget Policy & Priorities, Criminal Justice, Education, and Hunger/Food/Nutrition. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
Among 12- to 17-year-olds nationwide, 2.08 million or 8.33% report using drugs in the last month. (Adobe Stock)

Health and Wellness

play sound

In the wake of the devastating overdose epidemic in North Carolina, the state's Department of Health and Human Services is stepping up to aid …


Social Issues

play sound

In cities across the globe, including the Michigan city of Midland, various organizations are commemorating International Day of Peace today…

Social Issues

play sound

Georgia's young people could shift the political landscape of the state in the near future. New data from the Brookings Institution indicates that …


According to the EPA, tropical storms and hurricanes have become more intense during the past 20 years.(Adobe Stock)

Environment

play sound

In rural Alabama, where hurricanes and tornadoes are a constant threat, communities often struggle with damage and limited resources for extended …

Social Issues

play sound

While many Wyomingites of Hispanic descent came from Mexico, there is a lesser-known population from the old Spanish settlements of northern New …

Health and Wellness

play sound

The prevalence of Type 2 diabetes is on the rise in Mississippi. About one in seven Mississippians lives with diabetes. Jernard A. Wells, cookbook …

Social Issues

play sound

This week, feminism passes a milestone of sorts as the iconic publication, Ms. Magazine, looks back on its first fifty years. A new book has just …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021