If your college closes for good, what happens to your debt?
In The News Piece in NerdWallet
Sept. 16, 2020
Amy Laitinen was quoted in NerdWallet about how abrupt college closures financially harm and effect students.
The schools that announced permanent closures prior to the fall semester were all small private liberal arts schools already facing financial difficulty. That includes schools like Holy Family College in Manitowoc, Wisconsin; MacMurray College in Jacksonville, Illinois; and Urbana University in Urbana, Ohio.
The first coronavirus relief bill pumped $12.5 billion into colleges last spring, which may have “stanched the bleeding and prevented colleges from closing,” according to Amy Laitinen, director for higher education at New America, a nonpartisan think tank.
Read the full article here.