Education

Australian money

Australia to slash $10 billion off student debt amid cost of living pressures

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Australian Prime Minister Anthony Albanese has said that his government plans to cut student loans for around three million Australians by 20%, wiping off around $10 billion USD in debts. The move builds on May’s budget, which attacked cost of living pressures in Australia and gave debt relief for students, as well as more investment to make medicines cheaper, and a boost to a rent assistance program. The changes would mean the average graduate with a loan of A$27,600 would have A$5,520 wiped, the government said, adding that they would take effect from June 1, 2025.

American money

Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt

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The Biden administration has forgiven another $4.5 billion in student debt for more than 60,000 borrowers. The latest round of relief is a result of the U.S. Department of Education’s fixes to the popular, but once-troubled, Public Service Loan Forgiveness program. President Biden, who has forgiven more education debt than any other president in U.S history, said that the number of borrowers to benefit from the program under his administration now exceeded 1 million.

France to trial ban on mobile phones at school for children under 15

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France is to trial a ban on mobile phones at school for pupils up to the age of 15, seeking to give children a “digital pause” that, if judged successful, could be rolled out nationwide from January. Just under 200 secondary schools will take part in the experiment that will require youngsters to hand over phones on arrival at reception. It takes the prohibition on the devices further than a 2018 law that banned pupils at primary and secondary schools from using their phones on the premises but allowed them to keep possession of them.

Shot of a young male doctor standing with his arms crossed in an office at a hospital

Michael Bloomberg gives $600 million to four Black medical schools’ endowments

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Black Americans fare worse in measures of health compared with white Americans, an Associated Press series reported last year. Experts believe increasing the representation among doctors is one solution that could disrupt these long-standing inequities. In 2022, only 6% of U.S. physicians were Black, even though Black Americans represent 13% of the population. Almost half of Black physicians graduate from the four historically Black medical schools, Bloomberg Philanthropies said.

Rows of students at graduation

U.S. President Biden announces additional $1.2 billion in student debt relief for 35,000 public-sector workers

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President Joe Biden announced another round of student loan debt forgiveness, totaling $1.2 billion for 35,000 public-sector workers including teachers, nurses, and firefighters. The administration has now canceled more federal student loan debt than any prior administration – now totaling more than $168 billion for nearly 4.8 million Americans.

African children in schools

Zambia’s free schools lead to surge in student numbers

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The Zambian government introduced free primary and secondary school education in 2021. Three years later, an additional two million students are filling classrooms across the country. The overall increase in enrollment reflects a trend across sub-Saharan Africa, with more children in school than ever before, according to UNICEF.

Person holding graduation cap up to sun

Biden administration cancels $7.7 billion in student debt for 160,500 Americans

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The White House has approved $7.7 billion of student debt cancellation for 160,500 borrowers, part of its ongoing effort to provide relief after the Supreme Court last year blocked President Joe Biden’s plan for broad-based college loan forgiveness. With the latest round of forgiveness, the administration has erased a total of $167 billion in student loans for 4.75 million people, or about 1 in 10 student loan borrowers.

Laughing Baby

Japan expands free day care centers to all children

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The Japanese government announced that it will now offer free daycare to all children aged 6 months to 2 years old, regardless of parents’ employment status. The “Childcare Access for All” program, set to begin in April 2024 with a trial run in 150 municipalities, will see nationwide implementation by 2026. All children within the age range will be eligible, with initial access capped at 10 hours per month, though an increase is planned for 2026.

American money

Biden administration to forgive $1.2 billion in student debt for over 150,000 borrowers

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The Biden administration will forgive another $1.2 billion in student debt for nearly 153,000 borrowers enrolled its new repayment program, called the Saving on a Valuable Education, or SAVE, plan. The relief will go to borrowers who have been in repayment for a decade or longer, and originally took out $12,000 or less. Biden has now canceled debt for almost 3.9 million borrowers, totaling $138 billion in relief.

The White House

Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers

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The Biden administration has now canceled more than $136 billion in student debt for over 3.7 million Americans, according to the White House. Around $1.7 billion of this new aid will go to 29,700 borrowers enrolled in income-driven repayment plans. In addition, 43,900 borrowers who have worked in public service for a decade or more will receive $3.2 billion in loan cancellation.