student loans

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Early last month, President Biden extended a repayment pause for student loans until October 2021. In the meantime, college seniors graduating in the midst of this pandemic are also dealing with the stresses of a weak economy and fewer job opportunities. Patrick Watson from Mauldin Economics sat down with reporter Taylor Velazquez to talk about the likelihood of student loan forgiveness and the future of the job market.

 

Eva Avenue


We get into what money really is. We take a dive into a bill that looks to create a public bank. We talk with a member of a financial innovation group about how universal basic income has helped businesses during the pandemic. We grapple with student loans. We hear the journey of how difficult it is to start a business as a pandemic is raging. And we have a talk with the secretary of workforce solutions about where the jobs are going to be.

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Just half of New Mexico high school seniors last year filled out a form to get federal assistance in paying for college, according to state officals. Now, the state's Public Education Department is launching efforts to boost that number as part of Gov. Michelle Lujan Grisham’s plan to make college free for New Mexicans at public institutions. 

Kalsom Cheman via Wikimedia Commons / Creative Commons License

Let's Talk New Mexico 5/17 8a: Call now 277-5866. People in the U.S. owe more money on student loans than they do on credit cards. And that student loan debt can follow you around for decades. How are you or your kids deciding whether to borrow money for college? Are you a recent graduate with student loan debt? What does that mean for you right now? Have you been making payments on a student loan? How's that going? We'd like to hear from you. Email letstalk@kunm.org, tweet #LetsTalkNM or call in live during the show. 

Students Lack Home-Grown Loan Servicing

Nov 10, 2014
Photo: thisisbossi via Flickr

New Mexico has the highest student loan default rate in the nation and a lack of local loan servicing providers may be to blame. We went from a 12.8 percent student loan default rate in 2009 to a 20.8 percent rate in 2011.

credit: Nic McPhee / Creative Commons

With college graduation right around the corner some New Mexico lawmakers are drawing attention to a bill in Congress that would allow people to refinance their old student loans with the federal government for lower interest rates.

So far 32 lawmakers have signed onto the measure, including New Mexico’s Senator Martin Heinrich, who says the government shouldn’t be in the business of predatory lending.

“I don’t think we should be financing our government operations by charging high interest rates to student loans,” Heinrich said.